MGE Energy Misses Q4 Earnings Estimates

Utility provider reports $0.64 EPS, missing analyst consensus of $0.66

Published on Feb. 24, 2026

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MGE Energy (NASDAQ:MGEE), a utilities provider based in Madison, Wisconsin, reported its fourth quarter earnings on Tuesday. The company posted earnings per share of $0.64, missing the analyst consensus estimate of $0.66 by $0.02. MGE Energy had revenue of $189.55 million for the quarter.

Why it matters

As a regulated utility, MGE Energy's quarterly earnings are closely watched by investors and analysts to gauge the company's financial performance and outlook. The miss on Q4 earnings could raise concerns about the company's ability to meet growth targets and maintain its dividend payout.

The details

MGE Energy reported a return on equity of 10.65% and a net margin of 18.55% for the quarter. The company attributed the earnings miss to higher operating expenses compared to the same period a year earlier.

  • MGE Energy reported its Q4 2025 earnings on Tuesday, February 24, 2026.
  • The company's next quarterly dividend of $0.475 per share will be paid on March 15, 2026 to shareholders of record as of March 1, 2026.

The players

MGE Energy

A public utility holding company headquartered in Madison, Wisconsin that provides regulated electric and natural gas distribution services through its subsidiary Madison Gas and Electric Company.

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What’s next

Investors will be watching to see if MGE Energy can rebound in future quarters and meet or exceed analyst expectations. The company's next earnings report is expected in May 2026.

The takeaway

The earnings miss highlights the challenges facing regulated utilities like MGE Energy as they navigate rising costs and work to maintain profitability. Investors will be closely monitoring the company's ability to execute on its growth strategy and continue delivering reliable service to customers.