MGE Energy (MGEE) Q1 2025 Earnings

Yes. MGE Energy reported Q1 2025 earnings of $1.14 a share on May 7, 2025, beating the $0.98 consensus estimate by 16.3%. Revenue was $219.0M.

MGE Energy delivered a notably strong first quarter for 2025, posting earnings per share of $1.14 against a consensus estimate of $0.98, a beat of 16.33% that underscored the Wisconsin utility's continued momentum from rate base expansion and favorable weather conditions. Net income climbed to $41.59 million from $33.81 million a year earlier, while operating revenues rose 14.4% year over year to $218.97 million, up from $191.34 million in Q1 2024. The primary engine behind the outperformance was a combination of rate base investment growth and a return to more normal weather patterns compared to the mild conditions that weighed on the year-ago period, with gas retail sales rising 19% and electric retail sales gaining 3%. Adding to the renewable energy narrative, MGE's Darien Solar Project came online in March 2025, contributing 25 MW of carbon-free solar capacity, a development the company characterized as a cost-effective addition to its growing clean energy portfolio.