---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-205689"
form_type: "8-K"
ticker: "MGEE"
cik: "0001161728"
company_name: "MGE ENERGY INC"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:13:39.176787+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-205689
- form_type: 8-K
- ticker: MGEE
- cik: 0001161728
- company_name: MGE ENERGY INC
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1161728/000119312526205689/0001193125-26-205689-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61339/000119312526205689/mgee-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-205689
- JSON: https://secwatch.observer/filing/0001193125-26-205689.json
- Plain text: https://secwatch.observer/filing/0001193125-26-205689.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161728/000119312526205689/0001193125-26-205689-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.