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AI brief of an SEC Form 8-K · MGE Energy (MGEE)

MGE Energy reports 2024 net income of $120.6 million, up from $117.7 million

Positive Impact 3 of 5 earnings Written later

MGE Energy reported full-year 2024 net income of $120.6 million, or $3.33 per share, up from $117.7 million, or $3.25 per share, in 2023. Fourth-quarter net income rose to $22.0 million, or 61 cents per share, from $20.1 million, or 55 cents per share, a year earlier. Full-year operating revenues fell to $676.9 million from $690.4 million, which the company attributed in part to warmer-than-normal weather reducing gas deliveries.

Key points

  • Full-year 2024 net income $120.6 million ($3.33 per share) vs. $117.7 million ($3.25) in 2023
  • Q4 2024 net income $22.0 million (61 cents per share) vs. $20.1 million (55 cents) in Q4 2023
  • Full-year 2024 operating revenues $676.9 million vs. $690.4 million; Q4 revenues $171.4 million vs. $164.7 million
  • Gas retail therm deliveries decreased approximately 4% in 2024, mainly due to warmer-than-normal weather

The filing

CompanyMGE Energy (MGEE)
Form8-K, current report
Filed with the SECFeb 25, 2025, 12:43 PM ET
Accession number0000950170-25-026265

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 25, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.