MGE Energy Q1 2026 EPS $1.32 beats $1.14 YoY; net income $48.5M

MGE ENERGY INC

2026-Q1 EPS reported $1.32

Net income $48.5M vs $41.6M YoY; diluted EPS $1.32 vs $1.14 (up 16%).
Operating revenues $242.7M, up from $218.97M in Q1 2025.
Electric segment earnings up $5.5M, driven by renewable capital investments.
Gas net income stable with minimal YoY variation.
No changes to guidance or dividend declared in the release.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MGE ENERGY INC reported first quarter of 2026 results: revenue $ 242,703, net income $48.5 million, EPS $1.32 per share.

Period: first quarter of 2026
Revenue: $ 242,703
Net income: $48.5 million
EPS: $1.32 per share
Result: reported results

Exact text from the filing

MGE Energy, Inc. (In thousands, except per-share amounts) (Unaudited) Three Months Ended March 31, 2026 2025 Operating revenues $ 242,703 $ 218,970 Operating income $ 53,152 $ 52,865 Net income $ 48,481 $ 41,592 Earnings per share - basic $ 1.32 $ 1.14 Earnings per share - diluted $ 1.32 $ 1.14

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Source: SEC EDGAR

accession 0001193125-26-205689

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