secwatch.observer — SEC 8-K summary
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Issuer:     MGE ENERGY INC (MGEE)
CIK:        0001161728
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001193125-26-067050
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1161728/000119312526067050/0001193125-26-067050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61339/000119312526067050/mgee-20260224.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-067050

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