Capital Expenditures for MGE Energy (MGEE)
According to MGE Energy's latest reported financial statements, the company's current capital expenditures (TTM) is $343.22M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MGEE
Currently viewingCapital ExpendituresSwitch metric
Latest period
$343.22M
YoY change
+44.9%
5Y CAGR
+11.1%
Peak year (2025)
$343.22M
Cumulative capital expenditures
$3.45B
CapEx history chart for MGE Energy (MGEE) from 1994 to 2025
CapEx history table for MGE Energy (MGEE) from 1994 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $343.22M | +44.9% | ||
| 2024 | $236.93M | +6.7% | ||
| 2023 | $222.07M | +26.9% | ||
| 2022 | $175.03M | +14.3% | ||
| 2021 | $153.17M | -24.6% | ||
| 2020 | $203.14M | +23.8% | ||
| 2019 | $164.04M | -22.7% | ||
| 2018 | $212.20M | +96.2% | ||
| 2017 | $108.13M | +29.3% | ||
| 2016 | $83.66M | +16.1% | ||
| 2015 | $72.03M | -22.3% | ||
| 2014 | $92.68M | -22.2% | ||
| 2013 | $119.06M | +20.9% | ||
| 2012 | $98.44M | +51.0% | ||
| 2011 | $65.18M | +8.5% | ||
| 2010 | $60.08M | -22.9% | ||
| 2009 | $77.93M | -26.3% | ||
| 2008 | $105.78M | -22.4% | ||
| 2007 | $136.26M | +47.2% | ||
| 2006 | $92.58M | +7.9% | ||
| 2005 | $85.77M | -13.6% | ||
| 2004 | $99.22M | +19.6% | ||
| 2003 | $82.97M | +6.0% | ||
| 2002 | $78.28M | +86.5% | ||
| 2001 | $41.97M | -43.0% | ||
| 2000 | $73.61M | +44.3% | ||
| 1999 | $51.00M | +65.6% | ||
| 1998 | $30.80M | +42.6% | ||
| 1997 | $21.60M | -1.4% | ||
| 1996 | $21.90M | +14.1% | ||
| 1995 | $19.20M | -27.3% | ||
| 1994 | $26.40M | — |
CapEx values are taken from MGE Energy's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of MGE Energy (MGEE) capital expenditures is $343.22M – surged 44.9% year-over-year.
MGE Energy capital expenditures compound annual growth for the 2020–2025 (5 years) window is +11.1%, sustaining 4 straight years of year-over-year growth.
2025 marks the peak capital expenditures at $343.22M, with the historical low of $19.20M recorded in 1995.
MGE Energy (MGEE) sits 8th of 8 Utilities peers we track on this metric, against a peer median of $9.94B.
MGE Energy Capital Expenditures by Year
MGE Energy Capital Expenditures 2025: $343.22M
MGE Energy capital expenditures in 2025 was $343.22M, surged 44.9% from 2024. This figure represents the highest annual value in the available history.
MGE Energy Capital Expenditures 2024: $236.93M
MGE Energy capital expenditures in 2024 was $236.93M, grew 6.7% from 2023.
MGE Energy Capital Expenditures 2023: $222.07M
MGE Energy capital expenditures in 2023 was $222.07M, grew 26.9% from 2022.
MGE Energy Capital Expenditures 2022: $175.03M
MGE Energy capital expenditures in 2022 was $175.03M, grew 14.3% from 2021.
MGE Energy Capital Expenditures 2021: $153.17M
MGE Energy capital expenditures in 2021 was $153.17M.
See more financial history for MGE Energy (MGEE).
Sector peers — CapEx
Companies in the same sector as MGE Energy, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $14.02B | Utilities |
| The Southern Company (SO) | $13.39B | Utilities |
| Dominion Energy, Inc. (D) | $12.64B | Utilities |
| Sempra (SRE) | $10.61B | Utilities |
| NextEra Energy, Inc. (NEE) | $9.27B | Utilities |
| Constellation Energy Corporation (CEG) | $2.95B | Utilities |
| GE Vernova Inc. (GEV) | $1.28B | Utilities |
| American Electric Power Company, Inc. (AEP) | $130.00M | Utilities |
Frequently asked questions
What is MGE Energy's capital expenditures?
- Latest reported capital expenditures for MGE Energy (MGEE) is $343.22M (period ending December 31, 2025).
How has MGE Energy capital expenditures changed year-over-year?
- MGE Energy (MGEE) capital expenditures changed +44.9% year-over-year on the latest annual filing.
What is the long-term growth rate of MGE Energy capital expenditures?
- MGE Energy (MGEE) capital expenditures compound annual growth rate is +11.1% over the most recent 5 years available.
When did MGE Energy capital expenditures hit its highest annual value?
- MGE Energy capital expenditures reached its highest annual value of $343.22M in 2025.
What was MGE Energy capital expenditures in 2024?
- MGE Energy (MGEE) capital expenditures in 2024 was $236.93M.
What was MGE Energy capital expenditures in 2025?
- MGE Energy (MGEE) capital expenditures in 2025 was $343.22M.
Metrics overview
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