Latest period
$396.71M
YoY change
+44.9%
5Y CAGR
+11.1%
Peak year (2025)
$343.22M
Cumulative CapEx
$3.56B
CapEx history chart for MGE Energy (MGEE) from 1994 to 2025
Latest: $343.22M
CapEx growth chart for MGE Energy (MGEE) from 1994 to 2025
Latest: +44.9%
CapEx history table for MGE Energy (MGEE) from 1994 to 2025
| 2025 | $343.22M | +44.9% | +$106.30M | ||
| 2024 | $236.93M | +6.7% | +$14.85M | ||
| 2023 | $222.07M | +26.9% | +$47.04M | ||
| 2022 | $175.03M | +14.3% | +$21.86M | ||
| 2021 | $153.17M | -24.6% | −$49.97M | ||
| 2020 | $203.14M | +23.8% | +$39.10M | ||
| 2019 | $164.04M | -22.7% | −$48.16M | ||
| 2018 | $212.20M | +96.2% | +$104.07M | ||
| 2017 | $108.13M | +29.3% | +$24.47M | ||
| 2016 | $83.66M | +16.1% | +$11.63M | ||
| 2015 | $72.03M | -22.3% | −$20.65M | ||
| 2014 | $92.68M | -22.2% | −$26.38M | ||
| 2013 | $119.06M | +20.9% | +$20.62M | ||
| 2012 | $98.44M | +51.0% | +$33.26M | ||
| 2011 | $65.18M | +8.5% | +$5.09M | ||
| 2010 | $60.08M | -22.9% | −$17.85M | ||
| 2009 | $77.93M | -26.3% | −$27.85M | ||
| 2008 | $105.78M | -22.4% | −$30.48M | ||
| 2007 | $136.26M | +47.2% | +$43.68M | ||
| 2006 | $92.58M | +7.9% | +$6.80M | ||
| 2005 | $85.77M | -13.6% | −$13.45M | ||
| 2004 | $99.22M | +19.6% | +$16.25M | ||
| 2003 | $82.97M | +6.0% | +$4.69M | ||
| 2002 | $78.28M | +86.5% | +$36.32M | ||
| 2001 | $41.97M | -43.0% | −$31.64M | ||
| 2000 | $73.61M | +44.3% | +$22.61M | ||
| 1999 | $51.00M | +65.6% | +$20.20M | ||
| 1998 | $30.80M | +42.6% | +$9.20M | ||
| 1997 | $21.60M | -1.4% | −$300.00K | ||
| 1996 | $21.90M | +14.1% | +$2.70M | ||
| 1995 | $19.20M | -27.3% | −$7.20M | ||
| 1994 | $26.40M | — | — |
- 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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at MGE Energy (MGEE)
According to MGE Energy's latest reported financial statements, the company's current CapEx (TTM) is $396.71M. 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 .
The 2025 reading of MGE Energy (MGEE) CapEx is $343.22M – surged 44.9% year-over-year.
MGE Energy CapEx 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 CapEx at $343.22M, with the historical low of $19.20M recorded in 1995.
MGE Energy Capital Expenditures by Year
MGE Energy Capital Expenditures 2025: $343.22M
In 2025, MGE Energy reported CapEx of $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 CapEx in 2024 was $236.93M, grew 6.7% from 2023.
MGE Energy Capital Expenditures 2023: $222.07M
2023's CapEx for MGE Energy came in at $222.07M, grew 26.9% from 2022.
MGE Energy Capital Expenditures 2022: $175.03M
MGE Energy posted CapEx of $175.03M in 2022, grew 14.3% from 2021.
MGE Energy Capital Expenditures 2021: $153.17M
MGE Energy CapEx in 2021 was $153.17M.
See more financial history for MGE Energy (MGEE).
Sector peers by CapEx
Utilities peers of MGE Energy (MGEE), ranked by their latest CapEx
| $14.02B | |
| $13.39B | |
| $12.64B | |
| $10.61B | |
| $9.27B | |
| $2.95B | |
| $1.28B | |
| $130.00M |
- $14.02B
- $13.39B
- $12.64B
- $10.61B
- $9.27B
- $1.28B
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