MGE Energy Q2 profit rises on electric segment strength

MGE Energy

05/08/2026 14:54

Overview
US utility holding company's Q2 net income and EPS rose yr/yr
Q2 operating revenue grew slightly from a year earlier
Earnings growth driven by electric segment investments and investment gains; gas net income stable

Outlook
Company did not provide specific guidance or outlook in the press release

Result Drivers
ELECTRIC SEGMENT INVESTMENTS - Co said higher electric segment earnings were driven by capital investments and deployment of renewable energy projects
INVESTMENT GAINS - Earnings benefited from investment gains, including returns from venture capital funds focused on energy technologies
STABLE GAS SEGMENT - Gas net income remained stable compared to the second quarter of 2025

Company press release: ID:nBwbSWMKWa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Basic EPS
 
$0.89
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy."
Wall Street's median 12-month price target for MGE Energy, Inc. is $77.00, about 3.6% below its August 4 closing price of $79.91
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
Aug 4 - Duke Energy Q2 adjusted EPS beats on infrastructure investment recovery
Aug 4 - Pinnacle West profit falls as higher interest, depreciation offset demand gains
Aug 3 - Unitil Q2 net income rises on higher rates, customer growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)