MGEEMGE Energy, Inc.

$3B

Q4 2025 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$190M+10.6% YoY

Gross Profit

$378M199.4% margin

Operating Income

$31M16.6% margin

Net Income

$23M12.3% margin

EPS (Diluted)

$0.64

QoQ Revenue Growth

+7.9%

Cash Flow

Operating Cash Flow

$34M

Free Cash Flow

-$53M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$1.9B

Stockholders' Equity

$1.3B

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$190M	$171M	+10.6%
Gross Profit	$378M	$62M	+514.2%
Operating Income	$31M	$28M	+13.9%
Net Income	$23M	$22M	+5.8%

Revenue Segments

Electric

$122M59%

Gas

$73M36%

Non Regulated Energy

$11M6%

MGEE Q4 2025 Earnings — MGE Energy, Inc. Revenue & Financial Results | Market Cap Arena