MGE Energy (MGEE) Revenue & Revenue Breakdown

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MGE Energy Revenue Highlights

Latest Revenue (Y)

$743.65M

Latest Revenue (Q)

$159.45M

Main Segment (Y)

Electric

MGE Energy Revenue by Period

MGE Energy Revenue by Year

Date	Revenue	Change
2025-12-31	$743.65M	9.85%
2024-12-31	$676.94M	-1.95%
2023-12-31	$690.43M	-3.37%
2022-12-31	$714.52M	17.79%
2021-12-31	$606.58M	12.62%
2020-12-31	$538.63M	-5.31%
2019-12-31	$568.86M	1.62%
2018-12-31	$559.77M	-0.59%
2017-12-31	$563.10M	3.37%
2016-12-31	$544.75M	-3.42%
2015-12-31	$564.03M	-9.01%
2014-12-31	$619.85M	4.90%
2013-12-31	$590.89M	9.16%
2012-12-31	$541.32M	-0.93%
2011-12-31	$546.38M	2.59%
2010-12-31	$532.59M	-0.23%
2009-12-31	$533.82M	-10.43%
2008-12-31	$595.99M	10.86%
2007-12-31	$537.59M	5.92%
2006-12-31	$507.55M	-1.13%
2005-12-31	$513.37M	20.83%
2004-12-31	$424.88M	5.81%
2003-12-31	$401.55M	15.69%
2002-12-31	$347.10M	4.01%
2001-12-31	$333.71M	2.96%
2000-12-31	$324.11M	18.24%
1999-12-31	$274.10M	9.73%
1998-12-31	$249.80M	-5.59%
1997-12-31	$264.60M	4.50%
1996-12-31	$253.20M	1.85%
1995-12-31	$248.60M	1.47%
1994-12-31	$245.00M	0.37%
1993-12-31	$244.10M	-

MGE Energy generated $743.65M in revenue during NA 2025, up 9.85% compared to the previous quarter, and up 138.06% compared to the same period a year ago.

MGE Energy Revenue by Quarter

Date	Revenue	Change
2025-06-30	$159.45M	-27.18%
2025-03-31	$218.97M	27.74%
2024-12-31	$171.41M	1.74%
2024-09-30	$168.48M	15.62%
2024-06-30	$145.71M	-23.84%
2024-03-31	$191.34M	16.21%
2023-12-31	$164.65M	2.57%
2023-09-30	$160.53M	8.47%
2023-06-30	$148.00M	-31.88%
2023-03-31	$217.25M	14.44%
2022-12-31	$189.83M	16.18%
2022-09-30	$163.40M	7.25%
2022-06-30	$152.35M	-27.08%
2022-03-31	$208.94M	28.92%
2021-12-31	$162.07M	11.10%
2021-09-30	$145.87M	11.58%
2021-06-30	$130.73M	-22.15%
2021-03-31	$167.91M	23.01%
2020-12-31	$136.51M	0.96%
2020-09-30	$135.21M	15.53%
2020-06-30	$117.04M	-21.91%
2020-03-31	$149.87M	6.34%
2019-12-31	$140.94M	1.98%
2019-09-30	$138.20M	13.14%
2019-06-30	$122.15M	-27.11%
2019-03-31	$167.57M	19.62%
2018-12-31	$140.08M	1.66%
2018-09-30	$137.79M	10.89%
2018-06-30	$124.26M	-21.17%
2018-03-31	$157.63M	12.37%
2017-12-31	$140.27M	0.53%
2017-09-30	$139.54M	10.34%
2017-06-30	$126.46M	-19.36%
2017-03-31	$156.82M	12.88%
2016-12-31	$138.93M	1.62%
2016-09-30	$136.72M	12.45%
2016-06-30	$121.58M	-17.59%
2016-03-31	$147.53M	12.64%
2015-12-31	$130.97M	-6.98%
2015-09-30	$140.79M	15.29%
2015-06-30	$122.13M	-28.22%
2015-03-31	$170.13M	16.76%
2014-12-31	$145.71M	7.82%
2014-09-30	$135.13M	4.95%
2014-06-30	$128.76M	-38.75%
2014-03-31	$210.25M	35.41%
2013-12-31	$155.26M	10.82%
2013-09-30	$140.10M	9.21%
2013-06-30	$128.29M	-23.29%
2013-03-31	$167.24M	22.07%
2012-12-31	$137.00M	-0.60%
2012-09-30	$137.84M	17.59%
2012-06-30	$117.22M	-21.46%
2012-03-31	$149.26M	13.99%
2011-12-31	$130.95M	-1.97%
2011-09-30	$133.57M	13.91%
2011-06-30	$117.26M	-28.76%
2011-03-31	$164.60M	21.10%
2010-12-31	$135.93M	6.25%
2010-09-30	$127.94M	17.29%
2010-06-30	$109.08M	-31.67%
2010-03-31	$159.64M	17.54%
2009-12-31	$135.82M	24.27%
2009-09-30	$109.30M	1.62%
2009-06-30	$107.56M	-40.62%
2009-03-31	$181.14M	16.53%
2008-12-31	$155.45M	23.56%
2008-09-30	$125.81M	0.86%
2008-06-30	$124.74M	-34.35%
2008-03-31	$190.00M	33.01%
2007-12-31	$142.84M	-

MGE Energy generated $159.45M in revenue during Q2 2025, up -27.18% compared to the previous quarter, and up 83.34% compared to the same period a year ago.

MGE Energy Revenue Breakdown

MGE Energy Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Electric	$531.55M	$497.67M	-	-	-
Gas	$232.30M	$178.59M	-	-	-
Non Regulated Energy	$45.42M	$684.00K	-	-	-
Total Operating Revenue	-	$676.94M	$690.43M	$714.52M	$606.58M

MGE Energy's latest annual revenue breakdown by segment (product or service), as of Dec 25: Electric (65.68%), Gas (28.70%), and Non Regulated Energy (5.61%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20
Electric	$121.51M	$155.28M	$129.31M	$110.25M	$96.18M	$90.60M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gas	$73.28M	$26.58M	$32.48M	$79.37M	$65.68M	$45.69M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Regulated Energy	$11.48M	$11.46M	$11.34M	$214.00K	$214.00K	$214.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Revenue	-	-	$159.45M	$218.97M	$317.13M	$168.48M	$191.34M	$164.65M	$160.53M	$148.00M	$217.25M	$163.40M	$152.35M	$208.94M	$145.87M	$130.73M	$167.91M	-	-	-
Transmission Investment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate and Other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
All Others	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

MGE Energy's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Electric (58.91%), Gas (35.53%), and Non Regulated Energy (5.57%).

MGE Energy Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 21	Dec 20	Dec 19	Dec 18
All Others	-	-	-	-

Quarterly Revenue by Country

Country	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Sep 19	Jun 19	Mar 19	Sep 18	Jun 18	Mar 18
All Others	-	-	-	-	-	-	-	-	-	-	-	-

MGE Energy Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
EE	Excelerate Energy	$851.44B	$391.04M
RNW	ReNew Energy Global	$78.22B	$15.99B
HE	Hawaiian Electric Industries	$3.09B	$790.61M
NWE	Northwestern Energy Group	$1.61B	$386.95M
AVA	Avista	$1.34B	$403.00M
OTTR	Otter Tail	$1.30B	$325.56M
CWT	California Water Service Group	$1.00B	$311.24M
CPK	Chesapeake Utilities	$930.00M	$179.60M
MGEE	MGE Energy	$743.65M	$159.45M
AWR	American States Water	$658.07M	$182.72M

MGEE Revenue FAQ

What is MGE Energy’s yearly revenue?

MGE Energy's yearly revenue for 2025 was $743.65M, representing an increase of 9.85% compared to 2024. The company's yearly revenue for 2024 was $676.94M, representing a decrease of -1.95% compared to 2023. MGEE's yearly revenue for 2023 was $690.43M, representing a decrease of -3.37% compared to 2022.

What is MGE Energy’s quarterly revenue?

MGE Energy's quarterly revenue for Q2 2025 was $159.45M, a -27.18% decrease from the previous quarter (Q1 2025), and a 9.43% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $218.97M, a 27.74% increase from the previous quarter (Q4 2024), and a 14.44% increase year-over-year (Q1 2024). MGEE's quarterly revenue for Q4 2024 was $171.42M, a 1.74% increase from the previous quarter (Q3 2024), and a 4.11% increase year-over-year (Q4 2023).

What is MGE Energy’s revenue growth rate?

MGE Energy's revenue growth rate for the last 3 years (2023-2025) was 7.71%, and for the last 5 years (2021-2025) was 22.60%.

What are MGE Energy’s revenue streams?

MGE Energy's revenue streams in c 25 are Electric, Gas, and Non Regulated Energy. Electric generated $531.55M in revenue, accounting 65.68% of the company's total revenue, up 6.81% year-over-year. Gas generated $232.3M in revenue, accounting 28.70% of the company's total revenue, up 30.08% year-over-year. Non Regulated Energy generated $45.42M in revenue, accounting 5.61% of the company's total revenue, up 6540.35% year-over-year.

What is MGE Energy’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of MGE Energy was Electric. This segment made a revenue of $531.55M, representing 65.68% of the company's total revenue.