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MGE ENERGY INC (MGEE) filed an 8-K current report with the SEC on May 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). First-quarter 2026 earnings announced May 5, 2026.
MGE ENERGY INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- First-quarter 2026 earnings announced May 5, 2026
- Detailed financial results contained in Exhibit 99.1 press release
- Combined filing covers MGE Energy and Madison Gas and Electric separately
Item EX-99.1 · Exhibit EX-99.1
- Q1 2026 net income $48.5M, or $1.32 diluted EPS, versus $41.6M and $1.14 in Q1 2025
- Operating revenues rose to $242.7M from $219.0M, while operating income increased modestly to $53.2M
- Electric earnings increased $5.5M, supported by rate-base growth from strategic capital investments and renewable projects
- Gas net income remained broadly stable year over year
- Share count was essentially unchanged at 36.6M diluted shares, limiting dilution impact on per-share growth
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