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How MGE Energy (MGEE) Makes Money: A Visual Guide

MGE Energy (MGEE) generated $767.39M in revenue, earning $142.78M in net profit (18.6% margin). Its largest revenue source is Electric (64.3% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

In TTM through Q1 2026, MGE Energy (MGEE) generated revenue across 3 reportable product segments; the largest contributor was Electric at 64.3%, followed by Gas (30.2%) and Non Regulated Energy (5.5%).

MGE Energy (MGEE) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending (reported ).

MGE Energy (MGEE) Revenue by Product Segment — TTM through Q1 2026

Revenue contribution by product segment for MGE Energy (MGEE) in TTM through Q1 2026.

  • Electric

    Revenue
    $493.45M
    % of total
    64.3%
  • Gas

    Revenue
    $231.93M
    % of total
    30.2%
  • Non Regulated Energy

    Revenue
    $42.01M
    % of total
    5.5%
  • Total

    Revenue
    $767.39M
    % of total
    100%

Frequently asked questions

How does MGE Energy (MGEE) make money?

MGE Energy (MGEE) primarily makes money through Electric, which accounts for 64.3% of total revenue. For TTM through Q1 2026, MGE Energy generated $767.39M in total revenue with a net profit margin of 18.6%.

What is MGE Energy (MGEE) gross profit margin?

MGE Energy (MGEE) reported a gross profit margin of 77.2% for TTM through Q1 2026, equivalent to $592.22M in gross profit. This means MGE Energy retains 77.2% of each revenue unit after direct costs of production.

What is MGE Energy (MGEE) operating profit margin?

MGE Energy (MGEE) reported an operating profit margin of 22.3% for TTM through Q1 2026, equivalent to $170.94M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is MGE Energy (MGEE) net profit margin?

MGE Energy (MGEE) reported a net profit margin of 18.6% for TTM through Q1 2026, equivalent to $142.78M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does MGE Energy (MGEE) spend on capital expenditures?

MGE Energy (MGEE) spent $396.71M on capital expenditures in TTM through Q1 2026 (51.7% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is MGE Energy (MGEE) free cash flow?

MGE Energy (MGEE) generated −$130.64M in free cash flow for TTM through Q1 2026 (-17.0% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is MGE Energy (MGEE) effective tax rate?

MGE Energy (MGEE) had an effective tax rate of 12.5% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

What are MGE Energy (MGEE) main revenue segments?

MGE Energy (MGEE) reports revenue across 3 reportable product segments, led by Electric at 64.3% of total revenue in TTM through Q1 2026. The full segment-by-segment breakdown is shown in the revenue-by-segment table on this page.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

Where do segment and geographic numbers come from?

Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).

When was this data last updated?

Based on company filings through TTM through Q1 2026.

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