MGEE Q2 2023 Earnings — MGE Energy, Inc. Revenue & Financial Results | Market Cap Arena

MGEEMGE Energy, Inc.

$3B

Q2 2023 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$148M-2.9% YoY

Gross Profit

$69M46.8% margin

Operating Income

$38M25.9% margin

Net Income

$29M19.4% margin

EPS (Diluted)

$0.79

QoQ Revenue Growth

-31.9%

Cash Flow

Operating Cash Flow

$71M

Free Cash Flow

$11M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$1.4B

Stockholders' Equity

$1.1B

Cash & Equivalents

$17M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$148M	$152M	-2.9%
Gross Profit	$69M	$52M	+33.1%
Operating Income	$38M	$25M	+50.8%
Net Income	$29M	$22M	+31.8%

Revenue Segments

Electric

$122M76%

Gas

$29M18%

Non Regulated Energy

$10M6%