MGE ENERGY INC
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
MGEE$79.72-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Madison Gas and Electric Company. Consolidated Statements of Income
Consolidated Statements of Income
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating Revenues: | |||
| Electric revenues | $532,231 | $498,357 | $490,419 |
| Gas revenues | 211,423 | 178,587 | 200,012 |
| Total Operating Revenues | 743,654 | 676,944 | 690,431 |
| Operating Expenses: | |||
| Fuel for electric generation | 70,847 | 53,994 | 57,627 |
| Purchased power | 20,004 | 32,852 | 41,224 |
| Cost of gas sold | 107,026 | 82,693 | 106,647 |
| Other operations and maintenance | 235,835 | 227,671 | 214,897 |
| Depreciation and amortization | 114,324 | 108,581 | 100,352 |
| Other general taxes | 23,920 | 23,986 | 22,301 |
| Total Operating Expenses | 571,956 | 529,777 | 543,048 |
| Operating Income | 171,698 | 147,167 | 147,383 |
| Other income, net | 6,549 | 5,885 | 21,365 |
| Interest expense, net | (34,102) | (33,369) | (30,651) |
| Income before income taxes | 144,145 | 119,683 | 138,097 |
| Income tax provision | (17,348) | (7,384) | (25,727) |
| Net Income | $126,797 | $112,299 | $112,370 |
| Less Net Income Attributable to Noncontrolling Interest, net of tax | (22,652) | (22,855) | (21,868) |
| Net Income Attributable to MGE | $104,145 | $89,444 | $90,502 |
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