Operating Income for MGE Energy (MGEE)
According to MGE Energy's latest reported financial statements, the company's current operating income (TTM) is $170.65M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MGEE
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TTM (last 4 quarters)
$170.65M
YoY change
+16.7%
5Y CAGR
+9.2%
Peak year (1993)
$244.10M
Cumulative operating income
$4.95B
Operating Income history chart for MGE Energy (MGEE) from 1985 to 2025
Operating Income history table for MGE Energy (MGEE) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $170.65M | +16.7% | ||
| 2024 | $146.26M | -0.1% | ||
| 2023 | $146.38M | +6.3% | ||
| 2022 | $137.74M | +17.4% | ||
| 2021 | $117.29M | +6.6% | ||
| 2020 | $110.00M | -0.8% | ||
| 2019 | $110.91M | -2.9% | ||
| 2018 | $114.21M | -11.3% | ||
| 2017 | $128.74M | +0.4% | ||
| 2016 | $128.23M | +3.2% | ||
| 2015 | $124.25M | -10.0% | ||
| 2014 | $138.10M | +7.9% | ||
| 2013 | $127.99M | +13.5% | ||
| 2012 | $112.76M | +4.5% | ||
| 2011 | $107.87M | +11.7% | ||
| 2010 | $96.60M | +14.1% | ||
| 2009 | $84.67M | -3.6% | ||
| 2008 | $87.78M | +4.9% | ||
| 2007 | $83.67M | +5.9% | ||
| 2006 | $78.99M | +30.6% | ||
| 2005 | $60.47M | -2.4% | ||
| 2004 | $61.95M | +3.5% | ||
| 2003 | $59.83M | +2.9% | ||
| 2002 | $58.13M | +19.8% | ||
| 2001 | $48.51M | -12.6% | ||
| 2000 | $55.52M | +23.9% | ||
| 1999 | $44.80M | +10.9% | ||
| 1998 | $40.40M | -5.6% | ||
| 1997 | $42.80M | +27.4% | ||
| 1996 | $33.60M | -30.1% | ||
| 1995 | $48.10M | -1.6% | ||
| 1994 | $48.90M | -80.0% | ||
| 1993 | $244.10M | +7.1% | ||
| 1992 | $228.00M | -1.8% | ||
| 1991 | $232.20M | +5.3% | ||
| 1990 | $220.60M | +1.4% | ||
| 1989 | $217.60M | +1.5% | ||
| 1988 | $214.30M | +6.0% | ||
| 1987 | $202.10M | -3.9% | ||
| 1986 | $210.30M | -6.1% | ||
| 1985 | $223.90M | — |
Operating Income values are taken from MGE Energy's reported income 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
MGE Energy (MGEE) most recent annual operating income stands at $170.65M (2025) – grew 16.7% year-over-year.
Across 2020–2025 (5 years), MGE Energy operating income produced a CAGR of +9.2% – with the latest reading among the more recent periods of the dataset.
Between 1993 and 2025, MGE Energy operating income plunged 30.1%, falling from $244.10M to $170.65M.
The dataset's maximum operating income sits at $244.10M (1993); the minimum reading of $33.60M dates to 1996.
Among 8 Utilities peers, MGE Energy (MGEE) ranks 9th; the peer median for operating income is $4.86B.
MGE Energy Operating Income by Year
MGE Energy Operating Income 2025: $170.65M
MGE Energy operating income in 2025 was $170.65M, grew 16.7% from 2024.
MGE Energy Operating Income 2024: $146.26M
MGE Energy operating income in 2024 was $146.26M, edged down 0.1% below 2023.
MGE Energy Operating Income 2023: $146.38M
MGE Energy operating income in 2023 was $146.38M, grew 6.3% from 2022.
MGE Energy Operating Income 2022: $137.74M
MGE Energy operating income in 2022 was $137.74M, grew 17.4% from 2021.
MGE Energy Operating Income 2021: $117.29M
MGE Energy operating income in 2021 was $117.29M.
See more financial history for MGE Energy (MGEE).
Sector peers — Operating Income
Companies in the same sector as MGE Energy, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $8.58B | Utilities |
| NextEra Energy, Inc. (NEE) | $8.28B | Utilities |
| The Southern Company (SO) | $7.27B | Utilities |
| American Electric Power Company, Inc. (AEP) | $5.30B | Utilities |
| Dominion Energy, Inc. (D) | $4.41B | Utilities |
| Sempra (SRE) | $3.25B | Utilities |
| Constellation Energy Corporation (CEG) | $3.09B | Utilities |
| GE Vernova Inc. (GEV) | $1.39B | Utilities |
Frequently asked questions
What is MGE Energy's operating income?
- Latest reported operating income for MGE Energy (MGEE) is $170.65M (period ending December 31, 2025).
How has MGE Energy operating income changed year-over-year?
- MGE Energy (MGEE) operating income changed +16.7% year-over-year on the latest annual filing.
What is the long-term growth rate of MGE Energy operating income?
- MGE Energy (MGEE) operating income compound annual growth rate is +9.2% over the most recent 5 years available.
When did MGE Energy operating income hit its highest annual value?
- MGE Energy operating income reached its highest annual value of $244.10M in 1993.
What was MGE Energy operating income in 2024?
- MGE Energy (MGEE) operating income in 2024 was $146.26M.
What was MGE Energy operating income in 2025?
- MGE Energy (MGEE) operating income in 2025 was $170.65M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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