MGE ENERGY INC reported first quarter of 2026 results: revenue $ 242,703, net income $48.5 million, EPS $1.32 per share.
“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”
Material Agreements
MGE ENERGY INC terminated Indenture of Mortgage and Deed of Trust dated January 1, 1946 with U.S. Bank Trust Company, National Association valued at All outstanding 7.70% First Mortgage Bonds due 2028 redeemed and indenture discharged; total $1.2 mi (effective 2026-01-27).
“On January 27, 2026, Madison Gas and Electric Company ("MGE"), satisfied and discharged its Indenture of Mortgage and Deed of Trust, dated as of January 1, 1946 (as amended and supplemented, the "Indenture"), between MGE and U.S. Bank Trust Company, National Association, as successor trustee (the "Trustee").”
Debt Financings
MGE ENERGY INC incurred senior notes of $30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036; $30 million in principal amou with note purchasers named therein at 5.05% per annum for Series A, 5.25% per annum for Series B, and 5.79% per annum maturing January 31, 2036 for Series A, January 31, 2041 for Series B, and January 31, 2056 for Series C.
“On January 22, 2026, MGE issued $90 million in aggregate principal amount of the Notes pursuant to the Note Purchase Agreement.”
Material Agreements
MGE ENERGY INC entered into Note Purchase Agreement with the note purchasers named therein valued at $30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036 ... $30 mi (effective 2026-01-22).
“On January 22, 2026, Madison Gas and Electric Company ("MGE"), a wholly-owned subsidiary of MGE Energy, Inc., entered into a Note Purchase Agreement dated January 22, 2026 (the "Note Purchase Agreement"), with the note purchasers named therein, pursuant to which MGE issued $30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036 (the "Series A Notes"), $30 million in principal amount of its 5.25% Senior Notes, Series B, due January 31, 2041 (the "Series B Notes"), and $30 million in principal amount of its 5.79% Senior Notes, Series C, due January 31, 2056 (the "Series C Notes" and, together with the Series A Notes and the Series B Notes, the "Notes").”
Debt Financings
MGE ENERGY INC incurred senior notes of $25 million in principal amount of its 5.12% Senior Notes, Series A, due November 15, 2036, and $25 million in principal with the note purchasers named therein at 5.12% per annum maturing November 15, 2036.
“On October 14, 2025, MGE entered into the Note Purchase Agreement providing for the issuance of $25 million in principal amount of its 5.12% Senior Notes, Series A, due November 15, 2036, and $25 million in principal amount of its 5.76% Senior Notes, Series B, due November 15, 2055, at a closing scheduled for November 13, 2025.”
Lynn Hobbie departed as Executive Vice President – Marketing and Communications at MGE ENERGY INC.
“On February 21, 2025, Lynn Hobbie, who is Executive Vice President – Marketing and Communications of Madison Gas and Electric Company (the "Company"), informed the Company that she plans to retire by the end of 2025.”
Earnings Releases
MGE ENERGY INC reported first quarter of 2024 results: revenue $191,336, net income $33,814, EPS $0.93.
“flat compared to the first quarter of 2023. MGE Energy, Inc. (In thousands, except per-share amounts) (Unaudited) Three Months Ended March 31, 2024 2023 Operating revenues $ 191,336 $ 217,253 Operating income $ 40,745 $ 40,034 Net income $ 33,814 $ 31,078 Earnings per share - basic $ 0.93 $ 0.86 Earnings per share - diluted $ 0.93 $ 0.86 Weighted average”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.