MGE Energy reports 2025 EPS of $3.72 vs $3.33 prior year; renewable projects boost electric segment

MGE ENERGY INC

2025-FY EPS reported $3.72

Full-year GAAP EPS $3.72, net income $135.9M, vs $3.33 per share / $120.6M in 2024.
Q4 2025 EPS $0.64, net income $23.3M, vs $0.61 per share / $22.0M a year ago.
Electric segment earnings rose $11.3M, driven by Darien Solar (25 MW) and Paris BESS (11 MW) startups.
Gas segment earnings up $2.5M; retail therm deliveries increased ~14% due to 2024 weather normalization.
Operating revenue for 2025 was $743.7M, up from $676.9M in 2024.

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