# MGE Energy (MGEE) — Earnings MGEE · NASDAQ · Stock Canonical page: https://www.lighthorse.io/tickers/mgee/earnings ## Most recent quarter | Metric | Value | | --- | --- | | Fiscal period | Q3 2025 | | Period end | Sep 30, 2025 | | EPS actual | $1.22 | | EPS estimate | $1.19 | | EPS surprise | +2.52% | | Revenue surprise | +0.00% | | Revenue | $175.7M | | Revenue estimate | $0.00 | | Reported | Nov 5, 2025 | | SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/61339/000119312525266253/mgee-20250930.htm) | MGE Energy's latest quarter in the table is Q3 2025, reported on November 5, 2025. EPS came in at $1.22, ahead of the $1.19 estimate by 2.52%. Revenue was $175.7 million; no revenue estimate was given. Compared with Q3 2024, EPS rose about 8% from $1.13 and revenue rose about 4% from $168.5 million. MGE Energy was profitable in all 20 quarters in the table. Annual EPS rose every year, from $2.93 in 2021 to $3.06 in 2022, $3.25 in 2023 and $3.33 in 2024. The first three quarters of 2025 add up to $3.08, about 13% more than the same period of 2024, and Q3 2025 set the EPS high in the table. Q4 has been the lowest-earning quarter of each full year, while Q1 brings the most revenue. Estimates have tended to run slightly ahead of results: the company beat the EPS estimate only 6 times in 20 quarters, mostly missing narrowly. MGE Energy reported Q4 results between February 21 and February 25 in each of the past five years. On that pattern, Q4 2025 results would have come in late February 2026, but the table does not include them. It would complete the 2025 annual total. ## Earnings history | Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual | | --- | --- | --- | --- | --- | --- | --- | | Q3 2025 | Nov 5, 2025 | $1.19 | $1.22 | 2.52% | — | $175.7M | | Q2 2025 | Aug 6, 2025 | $0.73 | $0.72 | -1.37% | — | $159.5M | | Q1 2025 | May 7, 2025 | $0.98 | $1.14 | 16.33% | — | $219.0M | | Q4 2024 | Feb 25, 2025 | $0.84 | $0.61 | -27.38% | — | $171.4M | | Q3 2024 | Nov 6, 2024 | $1.17 | $1.13 | -3.42% | — | $168.5M | | Q2 2024 | Aug 7, 2024 | $0.95 | $0.66 | -30.53% | — | $145.7M | | Q1 2024 | May 8, 2024 | $0.94 | $0.93 | -1.06% | — | $191.3M | | Q4 2023 | Feb 21, 2024 | $0.61 | $0.55 | -9.84% | $250.2M | $164.7M | | Q3 2023 | Nov 2, 2023 | $1.08 | $1.05 | -2.78% | $155.7M | $160.5M | | Q2 2023 | Aug 3, 2023 | $0.72 | $0.79 | 9.72% | $144.4M | $148.0M | | Q1 2023 | May 4, 2023 | $1.07 | $0.86 | -19.25% | $195.4M | $217.3M | | Q4 2022 | Feb 22, 2023 | $0.66 | $0.58 | -12.12% | $164.8M | $189.8M | | Q3 2022 | Nov 3, 2022 | $1.01 | $0.93 | -7.92% | $139.2M | $163.4M | | Q2 2022 | Aug 4, 2022 | $0.63 | $0.60 | -4.76% | $124.5M | $152.3M | | Q1 2022 | May 5, 2022 | $0.97 | $0.95 | -1.55% | $157.8M | $208.9M | | Q4 2021 | Feb 23, 2022 | $0.45 | $0.36 | -19.10% | $161.3M | $162.1M | | Q3 2021 | Nov 4, 2021 | $0.92 | $0.97 | 5.43% | $129.2M | $145.9M | | Q2 2021 | Aug 5, 2021 | $0.62 | $0.63 | 2.44% | $111.4M | $130.7M | | Q1 2021 | May 6, 2021 | $0.81 | $0.97 | 19.75% | $141.0M | $167.9M | | Q4 2020 | Feb 24, 2021 | $0.51 | $0.44 | -12.87% | $185.4M | $136.5M | ## Frequently Asked Questions ### When did MGE Energy (MGEE) last report earnings? MGE Energy last reported on Nov 5, 2025, covering fiscal Q3 2025. ### Did MGEE beat earnings estimates? Yes. MGE Energy reported EPS of $1.22 for Q3 2025 against a $1.19 estimate — a 2.52% beat. ### How much revenue did MGEE report last quarter? MGE Energy reported $175.7M in revenue for Q3 2025. ## Similar Stocks - [LNT](https://www.lighthorse.io/tickers/lnt) — Alliant Energy Corporation - Common Stock - [OGE](https://www.lighthorse.io/tickers/oge) — OGE Energy Corp Common Stock - [ATO](https://www.lighthorse.io/tickers/ato) — Atmos Energy Corporation Common Stock - [POR](https://www.lighthorse.io/tickers/por) — Portland General Electric Co Common Stock - [AEE](https://www.lighthorse.io/tickers/aee) — Ameren Corporation Common Stock - [WEC](https://www.lighthorse.io/tickers/wec) — WEC Energy Group, Inc. Common Stock - [IDA](https://www.lighthorse.io/tickers/ida) — IDACORP, Inc. Common Stock - [CMS](https://www.lighthorse.io/tickers/cms) — CMS Energy Corporation Common Stock - [PNW](https://www.lighthorse.io/tickers/pnw) — Pinnacle West Capital Corporation Common Stock - [PPL](https://www.lighthorse.io/tickers/ppl) — PPL Corporation Common Stock --- Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance. This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness. Data provided by [AInvest](https://www.ainvest.com).