MGEE - NASDAQ

MGE Energy, Inc.

MGEE·NASDAQ

$73.86

+0.61%

UtilitiesDiversified Utilities

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services. It also generates electricity from coal-fired, gas-fired, and renewable energy sources, as well as purchases power under short and long-term commitments. As of December 31, 2021, the company generated and distributed electricity to 159,000 customers in Dane County, Wisconsin; and purchased and distributed natural gas to 169,000 customers in seven Wisconsin counties. MGE Energy, Inc.is headquartered in Madison, Wisconsin.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$2.79B

EPS3.7200

P/E Ratio19.85

Earnings Date07/30/2026

3.16B

Assets

12%

3Y+25.0%

5Y+40.0%

10Y+75.0%

1.85B

Total Liabilities

16%

3Y+29.0%

5Y+45.0%

10Y+72.0%

1.30B

Total Equity

3Y+21.0%

5Y+34.0%

10Y+55.0%

MGE Energy, Inc. Funding & Solvency Profile

MGEE · NASDAQ

Current Assets

Cash & Cash Equivalents6.62M

Net Receivables113.31M

Inventory64.18M

Other Current Assets25.13M

Total Current Assets229 M

Non-Current Assets

Property, Plant & Equipment2.58B

Goodwill & Intangible Assets0.00

Long-Term Investments127.91M

Other Non-Current Assets218.84M

Total Non-Current Assets3 B

Total Assets

3.16B

Financial Health Analysis

Current Ratio

0.77x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

1.42x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

-68161000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

7% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Negative working capital with limited cash reserves requires immediate attention—potential liquidity crisis if not addressed promptly.

MGE Energy, Inc. Balance Sheet

MGEE • NASDAQ

MGE Energy, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	6.6M	21.3M	11.1M	11.6M	17.4M	44.7M	23.5M	83.1M	108M	96M	81.4M	65.8M	68.8M	46.4M	41.2M	7.1M	4.7M	4.1M	3.8M	3M
Cash & Short-Term Investments	6.6M	21.3M	11.1M	11.6M	17.4M	44.7M	23.5M	83.1M	108M	96M	81.4M	65.8M	68.8M	46.4M	41.2M	7.1M	4.7M	4.1M	3.8M	3M
Net Receivables	113.3M	97.2M	95.5M	109.9M	97.1M	76.2M	74.3M	78.1M	83.1M	78.3M	69.6M	80.5M	82.2M	78.2M	70.3M	76M	71M	87.6M	77.4M	63.9M
Accounts Receivables	100.3M	51.3M	46.7M	55.4M	46.2M	41.4M	40.5M	71.8M	73.7M	69.7M	62.1M	72.9M	76.9M	69.6M	62.5M	44.2M	67.5M	34.7M	30.4M	26M
Other Receivables	13M	45.9M	48.8M	54.5M	50.9M	34.8M	33.8M	6.3M	9.4M	8.5M	7.5M	7.6M	5.4M	8.6M	7.8M	31.7M	3.5M	52.9M	47.1M	37.9M
Inventory	64.2M	67.6M	72.6M	74.3M	52M	47.3M	45.3M	42M	43.8M	41.1M	48.4M	46.3M	35.9M	38.3M	39.8M	47.2M	51M	61M	48.4M	52.5M
Prepaids	19.3M	18.4M	22.3M	19.1M	20.2M	15.2M	16.9M	16.2M	26.5M	26.6M	35.3M	38.9M	19.1M	19.5M	22.3M	22.5M	30M	0.0	0.0	0.0
Other Current Assets	25.1M	22.8M	36.6M	28.6M	12.6M	26.1M	21.7M	21.2M	29.2M	33.5M	20.1M	19.1M	14.6M	42.3M	15.6M	9.5M	8.3M	41.2M	26M	29.9M
Total Current Assets	228.5M	227.3M	238.2M	243.5M	199.4M	209.5M	181.6M	240.6M	290.6M	275.5M	254.8M	254M	220.6M	222.9M	189.1M	162.3M	165.1M	193.9M	155.7M	149.4M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	2.6B	2.3B	2.1B	2B	1.9B	1.8B	1.6B	1.5B	1.3B	1.3B	1.2B	1.2B	1.2B	1.1B	995.6M	968M	939.8M	901.2M	844M	728.4M
Goodwill	0.0	0.0	0.0	0.0	0.0	0.0	0.0	126.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Intangible Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	9.2M	500K	78.3M	69.6M	80.5M	82.2M	78.2M	0.0	0.0	71M	87.6M	77.4M	63.9M
Goodwill & Intangible Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	135.6M	500K	165M	147.6M	154.2M	118.6M	214M	-6.2M	-5.8M	122.8M	70.6M	9.6M	11.6M
Long-Term Investments	127.9M	118M	112.8M	105.9M	98.8M	94.7M	88.5M	78M	67.8M	76.3M	73.6M	71.8M	68M	64.6M	60.3M	55.8M	53.5M	47.9M	45.5M	41.2M
Tax Assets	0.0	0.0	0.0	0.0	0.0	22.3M	19.1M	12.5M	731K	1.1M	5.6M	4.8M	5.9M	6M	3M	2.4M	2K	3.3M	4.2M	3.9M
Other Non-Current Assets	218.8M	195.3M	196.2M	197.1M	195M	157.8M	149.8M	12.5M	154.2M	1.1M	5.6M	4.8M	5.9M	6M	217M	135.2M	821K	51.4M	52.7M	47.7M
Total Non-Current Assets	2.9B	2.6B	2.4B	2.3B	2.2B	2B	1.9B	1.7B	1.6B	1.5B	1.5B	1.4B	1.4B	1.4B	1.3B	1.2B	1.1B	1.1B	955.9M	832.8M
Total Assets	3.2B	2.8B	2.7B	2.5B	2.4B	2.3B	2.1B	2B	1.9B	1.8B	1.7B	1.7B	1.6B	1.6B	1.5B	1.3B	1.3B	1.3B	1.1B	982.2M
LIABILITIES
CURRENT LIABILITIES
Total Payables	117.7M	77.5M	65.5M	59.3M	64.1M	54.6M	55.2M	46.2M	47.6M	47.8M	40.8M	41.7M	45.4M	43.5M	37.6M	35M	35.8M	47.2M	58.5M	45.1M
Accounts Payable	117.7M	77.5M	65.5M	59.3M	64.1M	54.6M	55.2M	46.2M	47.6M	47.8M	40.8M	41.7M	43.7M	43.5M	34.5M	32.6M	35.8M	47.2M	58.5M	45.1M
Other Payables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	3.4M	0.0	6M	4.8M	0.0	0.0	0.0	0.0
Accrued Expenses	17.2M	27.4M	25.3M	20.9M	23.3M	21.2M	20M	20.4M	17.8M	17.4M	16.3M	16.3M	10.7M	10.1M	10M	8.5M	11.9M	33.5M	28.1M	26.8M
Short Term Debt	117.5M	5.3M	43.1M	124.8M	10.4M	57.3M	19.7M	17.6M	28.5M	4.3M	4.3M	11.2M	4.1M	3M	2.7M	24.2M	66M	124.5M	133.5M	72M
Deferred Revenue	0.0	0.0	0.0	0.0	0.0	0.0	0.0	20.4M	17.8M	17.4M	16.3M	16.3M	18.1M	14.4M	17.1M	14.9M	4M	-91M	-105.4M	-45.2M
Other Current Liabilities	44.3M	15.4M	23.3M	20M	20M	57.8M	34M	36.5M	32.6M	34M	22.8M	20.8M	36.4M	19.2M	12.9M	13.6M	13.4M	0.0	0.0	0.0
Total Current Liabilities	296.7M	125.6M	157.2M	225.1M	117.8M	190.9M	128.8M	120.6M	126.5M	103.5M	84.1M	90M	96.7M	75.8M	63.1M	81.2M	127.1M	205.2M	220.1M	143.9M
NON-CURRENT LIABILITIES
Long Term Debt	792.2M	763.7M	718.8M	585.2M	614.2M	519.3M	523.7M	493.3M	398.2M	382.8M	386.7M	395.3M	399.4M	358.5M	360.9M	334.4M	320.9M	272.4M	232.3M	237.3M
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	257.1M	257.2M	139.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-371M	-318.8M	-314.8M
Deferred Tax Liabilities (Non-Current)	337.8M	361.4M	325.9M	300.9M	276M	253.3M	244.1M	232.8M	226M	384.8M	361.8M	343.3M	286.2M	271.9M	201.6M	168.9M	142.2M	120.2M	110.5M	105.2M
Other Non-Current Liabilities	398.7M	328.7M	315.4M	307.6M	319.1M	296.6M	312M	556.2M	552.3M	590.7M	565.1M	553M	465.5M	302.8M	282.3M	208.4M	189.8M	192.2M	120.9M	120.5M
Total Non-Current Liabilities	1.6B	1.5B	1.4B	1.2B	1.2B	1.1B	1.1B	1.1B	950.5M	973.5M	956.1M	948.3M	864.9M	931.7M	844.9M	711.6M	653M	584.9M	463.8M	463M
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-68K	-51K	23K
Capital Lease Obligations	26M	18.5M	18M	17.1M	17.3M	17.5M	17.4M	1.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	1.9B	1.6B	1.5B	1.4B	1.3B	1.3B	1.2B	1.2B	1.1B	1.1B	1B	1B	961.6M	1B	907.9M	792.8M	780.1M	790.1M	683.9M	606.9M
SHAREHOLDERS' EQUITY
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	357K	419K
Common Stock	36.5M	36.5M	36.2M	36.2M	36.2M	36.2M	34.7M	34.7M	34.7M	34.7M	34.7M	34.7M	34.7M	23.1M	23.1M	23.1M	23.1M	22.9M	22M	21M
Additional Paid-In Capital	435M	429.5M	396.8M	395.7M	394.9M	394.4M	316.3M	316.3M	316.3M	316.3M	316.3M	316.3M	316.3M	316.3M	316.3M	316.3M	316.3M	310.2M	280.2M	248.4M
Retained Earnings	832.4M	764.1M	707.2M	649.9M	596.4M	545.4M	504.7M	465.7M	426.9M	373M	339.2M	308M	266.2M	240M	211.5M	185.6M	162.2M	144.9M	123.9M	105.4M
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-706.1M	377K	202K	357K	458K	377K	94K	112K	142K	205K	191K	1.6M	581K
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	11.6M	0.0	0.0	0.0	0.0	0.0	0.0
Total Stockholders' Equity	1.3B	1.2B	1.1B	1.1B	1B	976M	855.7M	816.6M	778.2M	724.1M	690.5M	659.4M	617.5M	579.4M	551M	525.1M	501.8M	478.2M	427.7M	375.3M
Total Equity	1.3B	1.2B	1.1B	1.1B	1B	976M	855.7M	958.1M	919.1M	839.8M	830.8M	785.1M	736.5M	696.9M	665.3M	667.1M	501.8M	478.2M	427.7M	375.3M
Minority Interest	0.0	0.0	0.0	0.0	0.0	0.0	0.0	141.5M	140.9M	115.7M	140.3M	125.7M	119M	117.5M	114.4M	142M	0.0	0.0	0.0	0.0
SUMMARY
Total Liabilities & Equity	3.2B	2.8B	2.7B	2.5B	2.4B	2.3B	2.1B	2B	1.9B	1.8B	1.7B	1.7B	1.6B	1.6B	1.5B	1.3B	1.3B	1.3B	1.1B	982.2M
Total Investments	127.9M	118M	112.8M	105.9M	98.8M	94.7M	88.5M	78M	67.8M	76.3M	73.6M	71.8M	68M	64.6M	60.3M	55.8M	53.5M	47.9M	45.5M	41.2M
Total Debt	935.7M	787.4M	780M	727.2M	641.9M	594.1M	560.8M	510.9M	426.6M	387.1M	395.3M	406.4M	403.5M	361.5M	363.6M	358.5M	387M	396.9M	365.8M	309.3M
Net Debt	929.1M	766.1M	768.9M	715.6M	624.5M	549.4M	537.3M	427.8M	318.7M	291.2M	313.9M	340.7M	334.7M	315.1M	322.4M	351.4M	382.3M	392.8M	362.1M	306.3M
Shares Outstanding	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849	36,541,849

SEC Filings

MGEE - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 22, 2026	May 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 08, 2026	May 08, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 08, 2026	May 06, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 05, 2026	May 05, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 05, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 21, 2026	April 17, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 02, 2026	March 30, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 27, 2026	February 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 24, 2026	February 24, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 24, 2026	February 24, 2026	2026	View Filing

Showing 1 to 10 of 380 filings

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