MGE Energy Q2 net income rises to $33.4 million, or $0.89 per share
MGE Energy reported second-quarter 2026 GAAP net income of $33.4 million, or $0.89 per diluted share, up from $26.5 million, or $0.72 per share, a year earlier. Operating revenues rose to $161.2 million from $159.5 million, but operating income fell to $32.6 million from $34.2 million, and the company credited about $3.9 million of investment gains for part of the profit increase.
Key points
- Q2 2026 GAAP net income was $33.4 million, or $0.89 per diluted share, versus $26.5 million, or $0.72 per share, in Q2 2025.
- Operating revenues were $161.2 million, compared with $159.5 million a year earlier.
- Operating income was $32.6 million, compared with $34.2 million in the prior-year quarter.
- Earnings included approximately $3.9 million of investment gains, including returns from venture capital funds; the Electric segment earnings rose $3.0 million, and Gas net income was stable.
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 August 05, 2026.
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