MGE ENERGY INC

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 24, 2026

MGEE$80.19-0.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Common Equity

(In thousands, except per share amounts)

Accumulated
Additional · Other
Common Stock · Paid-in · Retained · Comprehensive
Shares · Value · Capital · Earnings · Income/(Loss) · Total
Beginning balance - December 31, 2022		36,163		$36,163		$395,657		$649,854	$—		$1,081,674
Net income							117,699		117,699
Common stock dividends declared ($1.67 per share)							(60,393)		(60,393)
Equity-based compensation plans and other					1,093				1,093
Ending balance - December 31, 2023		36,163		36,163		396,750		707,160	—		1,140,073
Net income							120,569		120,569
Common stock dividends declared ($1.76 per share)							(63,596)		(63,596)
Direct Stock Purchase and Dividend Reinvestment Plan	314		314		31,386				31,700
Equity-based compensation plans and other		13		13		1,379				1,392
Ending balance - December 31, 2024		36,490		36,490		429,515		764,133	—		1,230,138
Net income							135,889		135,889
Common stock dividends declared ($1.85 per share)							(67,587)		(67,587)
Direct Stock Purchase and Dividend Reinvestment Plan	41		41		3,709				3,750
Equity-based compensation plans and other	11		11		1,735				1,746
Ending balance - December 31, 2025		36,542		$36,542		$434,959		$832,435	$—		$1,303,936

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.