Mge Energy Inc (MGEE)
Mge Energy Inc reported revenue of $743.7M in fiscal 2025, up 9.9% from a year earlier. Net income was $135.9M, a net margin of 18.3%. In fiscal 2025 capital spending exceeded operating cash flow by $80M. At September 30, 2026 it held $10.5M in cash against $883.4M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Mge Energy Inc
- Net worth
- Mge Energy Inc has a market value (market cap) of $3B at the latest share price, and shareholders' equity of $1.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $743.7M (+9.9% year on year), with net income of $135.9M.
- Cash flow
- In fiscal 2025 operations brought in $263.2M of cash; after $343.2M of capital spending, free cash flow was -$80M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Mge Energy Inc's next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Mge Energy Inc paid dividends of $1.85 per share in fiscal 2025, a yield of 2.31% at the current price.
What Mge Energy Inc does
Mge Energy Inc is registered with the SEC under industry code SIC 4900 (Electric, Gas & Sanitary Services). Its shares trade on NASDAQ under the ticker MGEE.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $743.7M | $135.9M | $3.72 | -$80M |
| 2024 | $676.9M | $120.6M | $3.33 | $40.9M |
| 2023 | $690.4M | $117.7M | $3.25 | $15.5M |
| 2022 | $714.5M | $111M | $3.07 | -$21.3M |
| 2021 | $606.6M | $105.8M | $2.92 | -$15.6M |
| 2020 | $538.6M | $92.4M | $2.60 | -$30.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where MGEE ranks in Energy
Dividends
Mge Energy Inc paid $1.85 per share in fiscal 2025. At the current price that is a yield of 2.31%. It paid out $67.6M in cash dividends, 50% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.85 | $67.6M | 50% |
| 2024 | $1.76 | $63.6M | 53% |
| 2023 | $1.67 | $60.4M | 51% |
| 2022 | $1.59 | $57.5M | 52% |
| 2021 | $1.52 | $54.8M | 52% |
| 2020 | $1.45 | $51.7M | 56% |
Latest SEC filings
What Mge Energy Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026
- November 4, 2026
- November 4, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 8.4% to $190.4M versus the same quarter last year; diluted EPS $1.48 versus $1.22.
- October 5, 2026Material agreement8-KMGE Energy and Madison Gas and Electric extended their credit agreements to 2031 and increased MGE borrowing capacity.
- August 21, 2026Other event 8-K
- August 5, 2026
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026
- June 23, 2026
- May 22, 2026
- May 8, 2026
Insider trades
What the people running Mge Energy Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $42.5K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 9, 2026 | Berbee James GDirector | Bought | 275 | $21.3K |
| August 19, 2026 | Berbee James GDirector | Bought | 261 | $21.2K |
| April 17, 2026 | Bushek Jared JosephVP Chief Fin. Off. & Treasurer | Received as pay | 25,000 | - |
| March 11, 2026 | Berbee James GDirector | Bought | 373 | $29K |
| March 2, 2026 | Keebler Jeffrey MChairman, President & CEO, Director | Received as pay | 10,905 | - |
| March 2, 2026 | Renlund Cari AnneVP General Counsel & Sec. | Received as pay | 1,716 | - |
| March 2, 2026 | Bushek Jared JosephVP Chief Fin. Off. & Treasurer | Received as pay | 3,684 | - |
| March 2, 2026 | Smith Scott RobertVP Business and Reg. Strategy | Received as pay | 1,116 | - |
Who owns MGEE
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 7.34% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.29% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 337 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 6,093,900 | +634,206 |
| Vanguard Portfolio Management LLC | 2,793,808 | +130,707 |
| State Street Corp | 2,049,814 | +131,136 |
| Vanguard Capital Management LLC | 1,702,695 | +61,669 |
| Geode Capital Management, LLC | 1,005,058 | +79,287 |
| Zimmer Partners, LP | 1,000,000 | new |
| Dimensional Fund Advisors LP | 700,969 | +16,702 |
| Morgan Stanley | 545,468 | +239,075 |
| Westwood Holdings Group Inc | 530,621 | new |
| Gabelli Funds LLC | 513,700 | +242,500 |
| Two Sigma Investments, LP | 486,961 | +317,887 |
| First Trust Advisors LP | 447,445 | +575 |
| Charles Schwab Investment Management Inc | 434,562 | +16,411 |
| Northern Trust Corp | 394,580 | +33,731 |
| Deprince Race & Zollo Inc | 350,904 | +73,787 |
| Nuveen, LLC | 337,689 | +152,235 |
| Bank of New York Mellon Corp | 332,193 | +11,778 |
| Qube Research & Technologies Ltd | 329,710 | -327 |
| Aqr Capital Management LLC | 300,293 | +266,075 |
| Vanguard Fiduciary Trust Co | 249,913 | +3,590 |
Insiders
18 insiders reported holding 160,991 shares in total, about $12.9M at the last price.
| Holder | Shares |
|---|---|
| Bushek Jared JosephVP Chief Fin. Off. & Treasurer | 35,796 |
| Keebler Jeffrey MChairman, President & CEO, Director | 31,908 |
| Wolter Gary JDirector | 22,306 |
| Hobbie Lynn KExec. VP Marketing & Comm. | 13,678 |
| Berbee James GDirector | 10,013 |
| Dewey Londa JDirector | 7,135 |
| Renlund Cari AnneVP General Counsel & Sec. | 7,036 |
| Lorenz James JeromeVP Energy Operations | 6,337 |
| Possin James LDirector | 5,932 |
| Smith Scott RobertVP Business and Reg. Strategy | 4,411 |
Questions about MGEE
What does Mge Energy Inc do?
Mge Energy Inc is a company in the Energy sector, listed on NASDAQ as MGEE. Its shares trade on NASDAQ under the ticker MGEE.
What is Mge Energy Inc's net worth?
Mge Energy Inc has a market value (market cap) of $3B at the latest share price, and shareholders' equity of $1.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Mge Energy Inc profitable?
Yes. In fiscal 2025 it reported net income of $135.9M on revenue of $743.7M, a net margin of 18.3%.
How much revenue does Mge Energy Inc make?
In fiscal 2025 Mge Energy Inc reported revenue of $743.7M. That is 9.9% more than a year earlier.
When did Mge Energy Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the investor disclosure from November 5, 2026.
When is Mge Energy Inc's next earnings report?
Mge Energy Inc's next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Mge Energy Inc pay a dividend?
Yes. Mge Energy Inc paid dividends of $1.85 per share in fiscal 2025, a yield of 2.31% at the current price.
Similar companies
Compare MGEE with
Follow MGEE
Get an email when Mge Energy Inc files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Mge Energy Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.