MGE ENERGY INC — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that MGE ENERGY INC filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $135.89M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $120.57M | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | $117.70M | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | $110.95M | Feb 25, 2025 |
| FY2023 | Dec 31, 2021 | $105.76M | Feb 21, 2024 |
| FY2020 | Dec 31, 2020 | $15.80M | Feb 24, 2021 |
| FY2020 | Sep 30, 2020 | $31.79M | Feb 24, 2021 |
| FY2020 | Jun 30, 2020 | $18.79M | Feb 24, 2021 |
| FY2020 | Mar 31, 2020 | $26.04M | Feb 24, 2021 |
| FY2020 | Dec 31, 2019 | $16.66M | Feb 24, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $170.65M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $146.26M | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | $146.39M | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | $137.74M | Feb 25, 2025 |
| FY2023 | Dec 31, 2021 | $117.29M | Feb 21, 2024 |
| FY2020 | Dec 31, 2020 | $18.71M | Feb 24, 2021 |
| FY2020 | Sep 30, 2020 | $38.33M | Feb 24, 2021 |
| FY2020 | Jun 30, 2020 | $21.52M | Feb 24, 2021 |
| FY2020 | Mar 31, 2020 | $31.44M | Feb 24, 2021 |
| FY2020 | Dec 31, 2019 | $21.88M | Feb 24, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $263.23M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $277.78M | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | $237.56M | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | $153.74M | Feb 25, 2025 |
| FY2023 | Dec 31, 2021 | $137.53M | Feb 21, 2024 |
| FY2022 | Dec 31, 2020 | $172.44M | Feb 22, 2023 |
| FY2021 | Dec 31, 2019 | $130.48M | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | $153.04M | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $131.37M | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $147.86M | Feb 22, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $343.22M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $236.93M | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | $222.07M | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | $175.03M | Feb 25, 2025 |
| FY2023 | Dec 31, 2021 | $153.17M | Feb 21, 2024 |
| FY2022 | Dec 31, 2020 | $203.14M | Feb 22, 2023 |
| FY2021 | Dec 31, 2019 | $164.04M | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | $212.20M | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $108.13M | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $83.66M | Feb 22, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.16B | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $2.83B | Feb 24, 2026 |
| FY2024 | Dec 31, 2023 | $2.68B | Feb 25, 2025 |
| FY2023 | Dec 31, 2022 | $2.52B | Feb 21, 2024 |
| FY2023 | Dec 31, 2021 | $2.37B | Feb 21, 2024 |
| FY2022 | Dec 31, 2020 | $2.25B | Feb 22, 2023 |
| FY2021 | Dec 31, 2019 | $2.08B | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | $1.99B | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $1.86B | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $1.80B | Feb 22, 2019 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.30B | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $1.23B | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | $1.14B | Feb 24, 2026 |
| FY2025 | Dec 31, 2022 | $1.08B | Feb 24, 2026 |
| FY2024 | Dec 31, 2021 | $1.03B | Feb 25, 2025 |
| FY2023 | Dec 31, 2020 | $976.00M | Feb 21, 2024 |
| FY2022 | Dec 31, 2019 | $855.68M | Feb 22, 2023 |
| FY2021 | Dec 31, 2018 | $816.64M | Feb 23, 2022 |
| FY2020 | Dec 31, 2017 | $778.19M | Feb 24, 2021 |
| FY2019 | Dec 31, 2016 | $724.09M | Feb 27, 2020 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $832.44M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $764.13M | Feb 24, 2026 |
| FY2024 | Dec 31, 2023 | $707.16M | Feb 25, 2025 |
| FY2023 | Dec 31, 2022 | $649.85M | Feb 21, 2024 |
| FY2022 | Dec 31, 2021 | $596.40M | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | $545.43M | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $504.74M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $465.71M | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $426.87M | Feb 22, 2019 |
| FY2017 | Dec 31, 2016 | $372.95M | Feb 23, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $5.67M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $21.30M | Feb 24, 2026 |
| FY2024 | Dec 31, 2023 | $11.14M | Feb 25, 2025 |
| FY2023 | Dec 31, 2022 | $11.60M | Feb 21, 2024 |
| FY2022 | Dec 31, 2021 | $17.44M | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | $44.74M | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $23.48M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $83.10M | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $107.95M | Feb 22, 2019 |
| FY2017 | Dec 31, 2016 | $95.96M | Feb 23, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2015 | Dec 31, 2015 | $395.51M | Feb 25, 2016 |
| FY2014 | Dec 31, 2014 | $399.69M | Feb 26, 2015 |
| FY2013 | Dec 31, 2013 | $403.79M | Feb 27, 2014 |
| FY2012 | Dec 31, 2012 | $361.81M | Feb 26, 2013 |
| FY2011 | Dec 31, 2011 | $364.47M | Feb 24, 2012 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | 3 | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | 3 | Feb 25, 2025 |
| FY2023 | Dec 31, 2021 | 2 | Feb 21, 2024 |
| FY2022 | Dec 31, 2020 | 2 | Feb 22, 2023 |
| FY2021 | Dec 31, 2019 | 2 | Feb 23, 2022 |
| FY2012 | Dec 31, 2012 | 0 | Feb 26, 2013 |
| FY2012 | Sep 30, 2012 | 1 | Feb 26, 2013 |
| FY2012 | Jun 30, 2012 | 0 | Feb 26, 2013 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | 3 | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | 3 | Feb 25, 2025 |
| FY2023 | Dec 31, 2021 | 2 | Feb 21, 2024 |
| FY2022 | Dec 31, 2020 | 2 | Feb 22, 2023 |
| FY2021 | Dec 31, 2019 | 2 | Feb 23, 2022 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 36.54M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | 36.49M | Feb 24, 2026 |
| FY2024 | Dec 31, 2023 | 36.16M | Feb 25, 2025 |
| FY2023 | Dec 31, 2022 | 36.16M | Feb 21, 2024 |
| FY2022 | Dec 31, 2021 | 36.16M | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | 36.16M | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | 34.67M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | 34.67M | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | 34.67M | Feb 22, 2019 |
| FY2017 | Dec 31, 2016 | 34.67M | Feb 23, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $67.59M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $63.60M | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | $60.39M | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | $57.50M | Feb 25, 2025 |
| FY2023 | Dec 31, 2021 | $54.79M | Feb 21, 2024 |
| FY2022 | Dec 31, 2020 | $51.73M | Feb 22, 2023 |
| FY2021 | Dec 31, 2019 | $47.84M | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | $45.76M | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $43.68M | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $41.78M | Feb 22, 2019 |