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MGE Energy, Inc. (MGEE) is an utilities company in the US local power providers industry, based in Madison, United States, with about 726 full-time employees.
It reported revenue of $743.65 million for fiscal year 2025, up 9.9% from fiscal year 2024, and net income of $135.89 million. Its largest business segment, Electric, brought in 66% of segment revenue in fiscal year 2025. Its market capitalization was $2.65 billion as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
, through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments.
MGE Energy reported $743.65 million in revenue for fiscal year 2025, up 9.9% from $676.94 million in fiscal year 2024.
Electric, with $531.48 million or 66% of segment revenue in fiscal year 2025. Next: Gas (29%) and Non-regulated Energy (6%).
$2.65 billion as of October 9, 2026.
Listed companies of a similar size in the same industry (US local power providers) include NorthWestern Energy Group, Inc. (NWE), Allete, Inc. (ALE), Avista Corporation (AVA), Hawaiian Electric Industries, Inc. (HE).