MGE Energy(US:MGEE)2025-11-05 17:54Financial Performance - MGE Energy reported GAAP earnings of $44.5 million, or $1.22 per share, for Q3 2025, up from $40.9 million, or $1.13 per share, in Q3 2024, representing a 8.8% increase in earnings per share [2]. - Operating revenues for Q3 2025 were $175.7 million, compared to $168.5 million in Q3 2024, reflecting a growth of 4.3% [7]. - For the nine months ended September 30, 2025, net income was $112.6 million, up from $98.5 million in the same period of 2024, marking a 14.3% increase [7]. - MGE Energy's operating income for Q3 2025 was $51.1 million, compared to $48.1 million in Q3 2024, indicating a 4.0% increase [7]. - The weighted average shares outstanding for basic earnings per share increased from 36,181 in Q3 2024 to 36,542 in Q3 2025 [7]. Strategic Investments - Electric segment earnings increased by $1.3 million due to strategic capital investments and successful renewable energy projects, including the operational Darien Solar Project and Paris Battery Energy Storage System [3]. - Non-utility investment gains contributed approximately $2.2 million to higher earnings, supporting early-stage companies in smart technologies and sustainability [4]. - MGE Energy emphasizes its commitment to sustainability and advancing smart technologies through its venture capital investments [4]. Customer Base - The company has a customer base of 167,000 for electricity and 178,000 for natural gas across several counties in Wisconsin [8]. Forward-Looking Guidance - The company has not provided specific forward-looking guidance but acknowledges inherent uncertainties in future expectations [9].