secwatch.observer — SEC 8-K summary
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Issuer:     MGE ENERGY INC (MGEE)
CIK:        0001161728
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001193125-25-266389
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGE Energy Q3 EPS $1.22, up from $1.13 YoY; revenue $175.7M
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- GAAP EPS $1.22, net income $44.5M, vs $1.13/$40.9M in Q3 2024.
- Operating revenues $175.7M, up 4.3% from $168.5M; operating income $51.1M.
- Rate base growth from Darien Solar (25 MW, operational Mar 2025) and Paris BESS (11 MW, Jun 2025) drove results.
- Non-utility earnings boosted by ~$2.2M venture capital gains supporting smart-energy startups.
- Nine-month diluted EPS $3.08 vs $2.72; net income $112.6M vs $98.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1161728/000119312525266389/0001193125-25-266389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61339/000119312525266389/mgee-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-266389

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer