MGE Energy EPS Beats by 2%, Adds 25 MW Solar and 11 MW Battery
MGE Energy delivered 2025 EPS of $3.72, beating estimates by 2.0%, and revenue of $743.65 million, 3.4% above forecasts, lifting net income 12.7% to $135.9 million. It commissioned a 25 MW solar plant and 11 MW battery system, raised its quarterly dividend to $0.475, yet shares fell 13.3% last year.
1. Strong 2025 Financial Performance
MGE Energy posted full-year 2025 EPS of $3.72, 2.0% above consensus, and revenue of $743.65 million, 3.4% higher than forecasts. Net income rose 12.7% year-over-year to $135.9 million, supported by operational efficiencies and stable regulated rates.
2. Clean Energy Project Commissioning
The utility brought two clean energy assets online in 2025: the 25 MW Darien Solar Project in March and the 11 MW Paris Battery Energy Storage System in June, contributing an additional $11.3 million in electric segment earnings.
3. Dividend Growth and Share Movement
MGE Energy lifted its quarterly dividend to $0.475, marking over 20 consecutive years of payout growth. Despite these positives, shares declined 13.3% over the past year, reflecting regulatory headwinds and broader market sentiment toward utilities.