MGEE Q1 2023 Earnings — MGE Energy, Inc. Revenue & Financial Results | Market Cap Arena

MGEEMGE Energy, Inc.

$3B

Q1 2023 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$217M+4.0% YoY

Gross Profit

$70M32.3% margin

Operating Income

$40M18.4% margin

Net Income

$31M14.3% margin

EPS (Diluted)

$0.86

QoQ Revenue Growth

+14.4%

Cash Flow

Operating Cash Flow

$56M

Free Cash Flow

$8M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$1.4B

Stockholders' Equity

$1.1B

Cash & Equivalents

$15M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$217M	$209M	+4.0%
Gross Profit	$70M	$68M	+3.1%
Operating Income	$40M	$42M	-4.4%
Net Income	$31M	$34M	-9.7%

Revenue Segments

Electric

$117M50%

Gas

$107M45%

Non Regulated Energy

$11M5%