MGE Energy Q1 FY26 net income rises 16.6% to $48.5 million

MGE Energy, Inc.

MGE Energy, Inc.

MGEE

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  • MGE Energy posted first-quarter net income of $48.5 million, or $1.32 per share, up 16.59% year over year.
  • Electric utility segment net income rose to $25.7 million, while gas utility segment net income edged up to $13.8 million.
  • Nonregulated energy net income increased to $6.3 million, while transmission investments net income climbed to $2.6 million.
  • MGE cited a higher electric rate base tied to electric investments approved in the 2026/2027 rate case, with PSCW-authorized 2026 rate increases of 0.15% for electric service and 2.77% for gas service.
  • Company executed an asset purchase agreement in February to acquire a 33.4% stake in RockGen Energy Center for an estimated $203 million, with closing expected in late 2027 if approved.


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