profit from every $100 of sales.
$0$100
MGE Energy
$78.76-0.52% today
-5.8% in 1 year
1-year low $68.491-year high $84.23
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $21.92 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What MGE Energy sold, what it kept, and what it did with the cash.
Sales went from $715 million in 2022 to $744 million in 2025, with $136 million of profit last year.
SalesProfit
MGE Energy vs. similar companies
MGE Energy grows the slowest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| MGE Energy | 21.9× · Fair price | ||
 Brookfield Infrastructure Partners L.P. | 40.6× · Expensive | ||
 Companhia Energética de Minas Gerais | 6.4× · Cheap | ||
 Northwestern Energy Group | 28.8× · Fair price | ||
 Avista | 17.8× · Fair price |
AI analysis
An AI analyst reads MGE Energy's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 715 | 690 | 677 | 744 | |
| 244 | 269 | 279 | 309 | |
| 138 | 146 | 146 | 171 | |
| 249 | 276 | 273 | 305 | |
| 111 | 118 | 121 | 136 | |
| 3.07 | 3.25 | 3.33 | 3.72 | |
| 34.1% | 39.0% | 41.2% | 41.5% | |
| 19.3% | 21.2% | 21.6% | 22.9% | |
| 15.5% | 17.0% | 17.8% | 18.3% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,518 | 2,675 | 2,828 | 3,155 |
| Cash | 12 | 11 | 21 | 6 |
| Total debt | 727 | 780 | 769 | 908 |
| Total liabilities | 1,436 | 1,535 | 1,598 | 1,851 |
| 1,082 | 1,140 | 1,230 | 1,304 | |
| 36 | 36 | 36 | 37 | |
| 7.2% | 7.2% | 6.5% | 6.8% | |
| 10.3% | 10.3% | 9.8% | 10.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 154 | 238 | 278 | 263 | |
| 175 | 222 | 237 | 343 | |
| -21 | 15 | 41 | -80 | |
| Dividends paid | 58 | 60 | 64 | 68 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 21.9×
- 20.0×
- 3.32
- 2.0×
- 4.0×
- –
- 12.7×
- -2.7%
- 4.6%
- 2.5%
Profitability
- 41.5%
- 22.9%
- 18.3%
- 40.9%
- 4.9%
- 6.1%
- 10.9%
- 4.5%
- 5.7%
- –
Growth
- +1.3%
- +6.6%
- −295.8%
- +5.1%
- +0.3%
Financial health
- 3.0×
- 0.70
- 29.5%
- 4.7×
- 1.15
- 0.83
- 0.24
How it ranks in Utilities
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 42%of 397
Top 37%of 392
Bottom 37%of 363
Bottom 35%of 397
Bottom 34%of 396
What analysts expect
- Average price target
- $73.00
- Range
- $73.00 – $73.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | 1.32 | 1.13 | +16.8% |
| Feb 25, 2026 | 0.64 | 0.64 | +0.0% |
| Nov 5, 2025 | 1.22 | 1.19 | +2.5% |
| Aug 6, 2025 | 0.72 | 0.73 | −1.4% |
| May 7, 2025 | 1.14 | 0.98 | +16.3% |
| Feb 25, 2025 | 0.61 | 0.84 | −27.4% |
| Nov 6, 2024 | 1.13 | 1.17 | −3.4% |
| Aug 7, 2024 | 0.66 | 0.95 | −30.5% |
2.5%of the share price, paid each year
On $1,000 invested$25a year at today's yield, before tax
+5.1%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$1.16 in 2015 → $1.85 in 2025
How safe it looks
49.7% of its profit
Room to growStretchedMore than it earns: -84.5%
News
Kolibri Global Energy GAAP EPS of $0.10 misses by $0.05, revenue of $18.3M beats by $0.97MSeeking Alpha · Nov 13, 2026These five energy stocks remain under pressure with persistent Sell ratingsSeeking Alpha · Nov 13, 2026XOP vs AMLP. Is a Midstream or Upstream Energy ETF the Better Buy as Oil Prices Stay High?Yahoo Finance · Nov 12, 2026Bloom Energy’s stock rallies as data-center jitters subsideMarketWatch · Nov 11, 2026Stock Market Today: Nasdaq Jumps As CoreWeave Results Fuel AI Stampede; Bloom Energy, Dell Soar (Live Coverage)Yahoo Finance · Nov 11, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
36No pass
Benjamin Graham
56No pass
Philip Fisher
48No pass
Peter Lynch
24No pass
Joel Greenblatt
21No pass
Charlie Munger
34No pass
Terry Smith
23No pass
Questions about MGE Energy
Is MGE Energy a good stock to buy?
A solid business at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the MGE Energy AI analysis
What does MGE Energy do?
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. It is in Diversified Utilities, based in Madison, WI, United States, with 726 employees.
Does MGE Energy pay a dividend?
Yes. At today's price the dividend is 2.5% a year, about 50% of its yearly profit. In 2025 it paid out $67.6 million in dividends.
Is MGE Energy stock halal?
Questionable. MGE Energy sits in a grey zone: its debt is 31% of its market value, between 30% and 33%. How we check
How has MGE Energy stock done over the past year?
Down 5.8% over the past twelve months, to $78.76. It traded between $68.49 and $84.23 and is 6.5% below its high.
Who are MGE Energy's competitors?
The largest listed companies in the same industry are Brookfield Infrastructure Partners L.P., Companhia Energética de Minas Gerais, Northwestern Energy Group and Avista. The peers table on this page compares their profit, growth and price with MGE Energy's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.