MGE ENERGY INC
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $743.7M | $676.9M | $690.4M | $714.5M | $606.6M |
| Operating income | $170.7M | $146.3M | $146.4M | $137.7M | $117.3M |
| Cash from operations | $263.2M | $277.8M | $237.6M | $153.7M | $137.5M |
| Capital expenditure | $343.2M | $236.9M | $222.1M | $175.0M | $153.2M |
| Free cash flow | -$80.0M | $40.9M | $15.5M | -$21.3M | -$15.6M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $3.2B | $2.8B | $2.7B | $2.5B | $2.4B |
Shares outstanding 36.8M · Free float 99.7%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.