Earnings ·
MGE Energy, Inc. reported second-quarter 2026 GAAP earnings of $33.4 million, or $0.89 per share, compared to $26.5…
MGEEMge Energy Inc
MGE Energy, Inc. reported second-quarter 2026 GAAP earnings of $33.4 million, or $0.89 per share, compared to $26.5 million, or $0.72 per share, in the prior year period. Operating revenues increased to $161.2 million from $159.5 million, driven by strategic capital investments and renewable energy projects that expanded the electric segment's rate base. The company also recognized approximately $3.9 million in investment gains from venture capital funds focused on energy technologies. For the first half of 2026, net income totaled $81.8 million, or $2.21 per share, against $68.1 million, or $1.86 per share, a year earlier. MGE Energy operates as a public utility holding company providing electricity and natural gas distribution services in Wisconsin.