MGEE Q1 2024 Earnings — MGE Energy, Inc. Revenue & Financial Results | Market Cap Arena

MGEEMGE Energy, Inc.

$3B

Q1 2024 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$191M-11.9% YoY

Gross Profit

$73M38.3% margin

Operating Income

$41M21.3% margin

Net Income

$34M17.7% margin

EPS (Diluted)

$0.93

QoQ Revenue Growth

+16.2%

Cash Flow

Operating Cash Flow

$66M

Free Cash Flow

$21M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$1.5B

Stockholders' Equity

$1.2B

Cash & Equivalents

$17M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$191M	$217M	-11.9%
Gross Profit	$73M	$70M	+4.4%
Operating Income	$41M	$40M	+1.8%
Net Income	$34M	$31M	+8.8%

Revenue Segments

Electric

$116M56%

Gas

$80M39%

Non Regulated Energy

$11M5%