MGE Energy Q1 revenue rises on Electric segment growth

MGE Energy

05/05/2026 18:00

Overview

US utility holding company reported Q1 revenue and EPS up yr/yr

Electric segment earnings rose on capital investments and renewable project deployment

Gas net income was steady compared to Q1 2025

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

ELECTRIC SEGMENT GROWTH - Co said higher electric segment earnings were due to capital investments and renewable energy project deployment

Company press release: ID:nBw190hr0a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Revenue
$242.70 mln
Q1 EPS
$1.32


Analyst Coverage

The one available analyst rating on the shares is "sell"

Wall Street's median 12-month price target for MGE Energy Inc is $78.75, about 1.7% below its May 4 closing price of $80.11

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

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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.)