MGE Energy Q3 profit rises to $44.5 million, or $1.22 per share
MGE Energy reported GAAP net income of $44.5 million, or $1.22 per share, for the third quarter of 2025, up from $40.9 million, or $1.13 per share, a year earlier. The company credited rate base growth from renewable projects and about $2.2 million in venture capital investment gains, which give shareholders a higher reported profit for the quarter.
Key points
- Q3 2025 GAAP net income of $44.5 million, or $1.22 per share, versus $40.9 million, or $1.13 per share, in Q3 2024
- Q3 2025 operating revenues of $175.7 million versus $168.5 million; operating income of $51.1 million versus $48.1 million
- Nine-month 2025 net income of $112.6 million, or $3.08 per share, versus $98.5 million, or $2.72 per share, in the same period of 2024
- Venture capital investment gains of approximately $2.2 million; Darien Solar Project operational in March 2025 and Paris battery storage system in June 2025
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing 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 November 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.