MGE Energy (MGEE) Q3 2026 Earnings

Yes. MGE Energy reported Q3 2026 earnings of $0.89 a share on Aug 5, 2026, beating the $0.77 consensus estimate by 15.6%. Revenue was $161.2M.

MGE Energy delivered a standout third quarter, with the Wisconsin-based regulated utility posting earnings per share of $0.89, beating the Wall Street consensus of $0.77 by 15.58% and marking a sharp improvement from the $0.72 earned in the year-ago period. Revenue came in at $161.19 million, a modest 1.1% increase year over year, consistent with the steady, rate-regulated growth profile investors have come to expect from the company. The outperformance, however, was driven less by core operations and more by two distinct tailwinds: a $3.00 million year-over-year lift in electric segment earnings tied to expanding rate base through renewable energy deployments, and roughly $3.90 million in investment gains from venture capital funds focused on energy-related technologies. Analysts had been watching closely whether MGE could sustain its earnings momentum amid its $1.9 billion rate base investment program, and this quarter offered an affirmative, if investment-gain-assisted, answer to that question.