MGEE Q2 2024 Earnings — MGE Energy, Inc. Revenue & Financial Results | Market Cap Arena

MGEEMGE Energy, Inc.

$3B

Q2 2024 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$146M-1.5% YoY

Gross Profit

$63M43.0% margin

Operating Income

$30M20.4% margin

Net Income

$24M16.3% margin

EPS (Diluted)

$0.66

QoQ Revenue Growth

-23.8%

Cash Flow

Operating Cash Flow

$65M

Free Cash Flow

-$2M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$1.6B

Stockholders' Equity

$1.2B

Cash & Equivalents

$16M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$146M	$148M	-1.5%
Gross Profit	$63M	$69M	-9.6%
Operating Income	$30M	$38M	-22.5%
Net Income	$24M	$29M	-17.0%

Revenue Segments

Electric

$120M76%

Gas

$27M17%

Non Regulated Energy

$11M7%