Short answer
MGE ENERGY INC (MGEE) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $176M (up 4.3% year over year) with net income of $44M.
Q3 2025 key financials · XBRL
- Revenue
- $176M
- +4.3% YoY · +10.2% QoQ
- Net income
- $44M
- +8.7% YoY · +67.9% QoQ
- Operating margin
- 29.1%
- EPS (diluted)
- $1.22
- +8.0% YoY · +69.4% QoQ
Source: XBRL data from the MGE ENERGY INC (MGEE) Q3 2025 10-Q on SEC EDGAR. USD.
MGE ENERGY INC Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Solar procurement disruptions from Uyghur Forced Labor Prevention Act and new solar tariffs causing potential cost increases and project delays
- Most material update: 2025 Rate Proceeding with PSCW approving electric rate increase reduced from 4.17% to 2.63% due to fuel cost plan reflecting lower fuel costs
- Regulatory risk: One Big Beautiful Bill Act (OBBBA) effective July 4, 2025, introducing significant tax credit changes and new compliance requirements
- Operational risk: Transition away from coal at Elm Road Units, filing to convert to natural gas with coal used as backup by 2030 and full transition by 2032
- Financial risk: Deferred fuel savings of $7.1 million in 2025 subject to PSCW review in 2026, impacting future rate case recoveries
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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