MGE Energy, Inc.
MGEEUtilitiesNASDAQUtilities - Regulated Electric · Last scanned Jun 2, 2026
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Daily timeframeMGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. The company carries a $2.74B market cap, placing it firmly in the mid-cap category. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments.
Market Cap
$2.74B
Beta
0.75
P/E (TTM)
18.62
P/E (Fwd)
17.64
EPS (TTM)
$3.90
EPS (Fwd)
$4.12
ROE
10.9%
ROA
3.8%
Cash
$9.5M
Total Debt
$941.1M
Free CF
-$180.9M
52W Change
-19.5%
Annual Financials
Cash vs Debt
On the balance sheet, MGEE has $9.5M in cash with $941.1M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$180.9M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at 10.9%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.8% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $606.6M to $743.7M.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence MGE Energy, Inc.'s trajectory.