Every material Form 8-K MGE Energy filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
On October 14, 2025, Madison Gas and Electric Company, a subsidiary of MGE Energy, agreed to issue $50 million of unsecured senior notes in two series, with closing expected November 13, 2025, subject to customary conditions. MGE expects to use the net proceeds to cover capital expenditures and other corporate obligations. The agreement also sets a maximum ratio of consolidated indebtedness to total capitalization of 65%.
$25 million of 5.12% Senior Notes, Series A, due November 15, 2036
$25 million of 5.76% Senior Notes, Series B, due November 15, 2055
Closing expected November 13, 2025; semi-annual interest payments begin May 15, 2026
Net proceeds to cover capital expenditures and other corporate obligations
MGE Energy reported second-quarter 2025 GAAP net income of $26.5 million, or $0.72 per diluted share, up from $23.8 million, or $0.66 per share, a year earlier. The company said rate base investment growth and weather drove the results, and new solar and battery projects that entered service in 2025 added to electric earnings.
Q2 2025 net income $26.5 million ($0.72 diluted EPS) vs. $23.8 million ($0.66) in Q2 2024
Q2 operating revenues $159.5 million vs. $145.7 million; operating income $34.2 million vs. $29.7 million
Six-month net income $68.1 million ($1.86 diluted EPS) vs. $57.6 million ($1.59) a year earlier
Electric residential sales rose about 5% in Q2, largely due to warmer-than-normal weather; Paris BESS went into service in June 2025
MGE Energy reported first-quarter 2025 GAAP earnings of $41.6 million, or $1.14 per share, up from $33.8 million, or $0.93 per share, a year earlier. The company said rate base investment growth and weather impacts drove the results, with operating revenues rising to $219.0 million from $191.3 million.
Net income of $41.6 million, or $1.14 per share, versus $33.8 million, or $0.93 per share, in Q1 2024
Operating revenues of $219.0 million versus $191.3 million; operating income of $52.9 million versus $40.7 million
Gas retail sales rose 19% and electric retail sales rose 3% in the first quarter of 2025
Darien solar project became operational in March 2025; MGE owns 25 MW of its solar capacity
MGE Energy's subsidiary Madison Gas and Electric Company said Executive Vice President – Marketing and Communications Lynn Hobbie informed the company on February 21, 2025 that she plans to retire by the end of 2025. The filing does not name a successor or describe any financial effect, so the change appears administrative.
Lynn Hobbie, EVP – Marketing and Communications, plans to retire by end of 2025
Notice given to Madison Gas and Electric Company on February 21, 2025
Filing does not name a successor or disclose compensation terms
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.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every MGE Energy filing is on SEC EDGAR ↗. 8-K briefs of other companies →