MGE Energy reported third-quarter 2026 GAAP net income of $56.4 million, or $1.48 per diluted share, up from $44.5 million, or $1.22 per diluted share, a year earlier. Electric segment growth from renewable and capital projects, higher AFUDC equity and investment gains drove the increase, while gas net income was flat.
Q3 2026 operating revenues were $190.4 million, up from $175.7 million in Q3 2025.
Q3 2026 operating income was $58.1 million, compared with $51.1 million a year earlier.
Electric segment earnings rose $11.6 million, and investment gains were about $2.2 million higher than in Q3 2025.
Nine-month 2026 net income was $138.2 million, or $3.70 per diluted share, compared with $112.6 million, or $3.08, a year earlier.
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From MGE Energy, Inc.'s 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
—
—
$3.72
+11.7%
—
FY2024
—
—
$3.33
+2.5%
—
FY2023
—
—
$3.25
+5.9%
—
FY2022
—
—
$3.07
+5.1%
—
FY2021
—
—
$2.92
+12.3%
—
Frequently asked questions
When is MGE Energy's next earnings date?
MGE Energy has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did MGE Energy earn last quarter?
For the quarter ended Sep 2026, MGE Energy reported diluted EPS of $1.48 (+105.6% year over year).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.