MGE Energy Q1 2023 Earnings Report

MGE Energy EPS Results

• Actual EPS: $0.86
• Consensus EPS: $1.07
• Beat/Miss: Missed by -$0.21
• One Year Ago EPS: N/A

MGE Energy Revenue Results

• Actual Revenue: $217.25 million
• Expected Revenue: $212.90 million
• Beat/Miss: Beat by +$4.35 million
• YoY Revenue Growth: N/A

MGE Energy Announcement Details

• Quarter: Q1 2023
• Date: 5/4/2023
• Time: N/A

MGE Energy (NASDAQ:MGEE), through its subsidiaries, operates as a public utility holding company primarily in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity and natural gas in Wisconsin and Iowa; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services. It generates electricity from coal-fired, gas-fired, and renewable energy sources. As of December 31, 2023, the company owned and operated 835 miles of overhead electric distribution lines; 1,330 miles of underground electric distribution cables; 49 substations with an installed capacity of 1.2 million kVA; and gas facilities, including 3,066 miles of distribution mains, as well as supplied electric service to approximately 163,000 customers. MGE Energy, Inc. founded in 2001 and is headquartered in Madison, Wisconsin.