MGE Energy Inc ( (MGEE) ) has released its Q1 earnings. Here is a breakdown of the information MGE Energy Inc presented to its investors.
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MGE Energy Inc., a Wisconsin-based utility company, primarily operates in the electric and gas sectors, providing energy services through its subsidiary, Madison Gas and Electric Company.
In its latest earnings report for the quarter ending March 31, 2025, MGE Energy Inc. reported a significant increase in both electric and gas revenues, leading to a total operating revenue of $218.97 million, up from $191.34 million in the same period last year. This growth was accompanied by an increase in net income, which rose to $41.59 million from $33.81 million, reflecting a robust financial performance.
Key financial metrics highlighted in the report include a rise in electric revenues to $125.49 million and gas revenues to $93.48 million. Operating income also saw an uptick, reaching $52.87 million compared to $40.75 million in the previous year. The company’s earnings per share increased to $1.14 from $0.93, and dividends per share were raised to $0.450. Additionally, MGE Energy’s cash flow from operating activities improved, providing a solid foundation for future investments.
Looking ahead, MGE Energy Inc. remains focused on its strategic initiatives, including the transition to cleaner energy sources and compliance with environmental regulations. The management’s outlook suggests continued growth and adaptation to regulatory changes, positioning the company for sustained success in the evolving energy landscape.