80.19
-0.09%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
About MGE Energy
From its filings with the US Securities and Exchange Commission
MGE Energy is based in Madison, Wisconsin and is incorporated in Wisconsin. Its shares trade on Nasdaq under the ticker MGEE. The SEC classifies its business as electric, gas & sanitary services. In the fiscal year to 31 December 2025, it reported net income of $135.9m. At that date it held total assets of $3.16bn and shareholders' equity of $1.30bn.
See Footnote 22 to the Notes to Consolidated Financial Statements in Part II, Item 8 of this Report for more information regarding MGE Energy's business segments.
As a public utility, MGE is subject to regulation by the PSCW and the FERC. The PSCW has authority to regulate most aspects of MGE's business including rates, accounts, the issuance of securities, and plant siting. The PSCW also has authority over certain aspects of MGE Energy as a holding company of a public utility. FERC has jurisdiction, under the Federal Power Act, over certain accounting practices and certain other aspects of MGE's business.
MGE Energy's subsidiaries are also subject to regulation under local, state, and federal laws regarding air and water quality and solid waste disposal. See "Environmental Regulation" below for additional information regarding the environmental regulations to which MGE Energy and its subsidiaries are subject.
MGE Energy was organized as a Wisconsin corporation in 2001. MGE was organized as a Wisconsin corporation in 1896. Our principal offices are located at 133 South Blair Street, Madison, Wisconsin 53788, and our telephone number is (608) 252-7000.
Quoted from its 10-K, filed 24 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Utilities
- Industry
- Electric Utilities
- Listed since
- 17 Mar 1980
- Employees
- 726
- Website
- mgeenergy.com ↗
- Head office
- 133 SOUTH BLAIR STREET, MADISON, WI, 53701-1231
- Incorporated in
- WI
- Classification
- Electric, Gas & Sanitary Services
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Jeffrey KeeblerChairman of the Board, President, Chief Executive Officer, since 2017$2.1m
- Mr. Jared BushekChief Financial Officer, Vice President, Treasurer$1.0m
- Ms. Lynn HobbieExecutive Vice President - Marketing and Communications$781,236
- Mr. Jenny LagerwallAssistant Vice President Accounting and Controller (Chief Accounting Officer)
- Mr. James LorenzVice President - Energy Operations$713,592
- Ms. Cari RenlundVice President, General Counsel, Secretary$913,444
- Mr. Scott SmithVice President - Business and Regulatory Strategy
- Mr. James PossinLead Independent Director$177,128
- Mr. Gary WolterDirector, since 1995$155,500
- Ms. Patricia AckermanIndependent Director$132,667
- Ms. Marcia AndersonIndependent Director$173,000
- Mr. James BerbeeIndependent Director$164,500
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 58
- Environment
- 62
- Social
- 47
- Governance
- 64
- Direct emissions (scope 1)
- 1,637,171 t
- Energy emissions (scope 2)
- 6,690 t
- Women in the workforce
- 26%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- One of the major strengths of MGE Energy Inc is its strong financial performance. The company consistently generates positive revenue and has a stable financial position, allowing it to invest in new projects and expand its operations steadily.
- Another significant strength is the company's diversified energy portfolio. MGE Energy Inc operates in various segments, including electric utility, gas utility, and non-regulated energy operations. This diversification helps mitigate risks and ensures a stable revenue stream.
- MGE Energy Inc also enjoys a strong reputation in the industry. The company has a long history of providing reliable and affordable energy solutions to its customers. Its positive brand image and customer loyalty contribute to its competitive advantage in the market.
Weaknesses
- One of the weaknesses MGE Energy Inc faces is its dependence on regulatory approvals for its projects. Any delays or rejections in obtaining necessary permits can significantly impact the company's expansion plans and financial performance.
- Another weakness is the company's reliance on fossil fuel-based energy sources. With increasing concerns about climate change and the shift towards renewable energy, MGE Energy Inc may face challenges in transitioning its energy portfolio to cleaner alternatives.
- Additionally, MGE Energy Inc operates in a highly regulated industry, which can pose compliance and operational challenges. Adapting to changing regulations and meeting stringent requirements may require substantial investments and resources.
Opportunities
- One significant opportunity for MGE Energy Inc lies in the growing demand for renewable energy solutions. The company can leverage its expertise and resources to expand its renewable energy portfolio, capitalizing on the increasing market trend and government incentives.
- Moreover, advancements in technology offer opportunities for the company to enhance its operational efficiency and customer experience. Investing in smart grid systems, energy management technologies, and digital solutions can improve service quality and attract tech-savvy customers.
- Strategic partnerships and collaborations with other energy companies and technology providers can also open doors to new markets and business opportunities for MGE Energy Inc.
Threats
- One of the significant threats facing MGE Energy Inc is increasing competition in the energy industry. Other established utilities and new market entrants pose a challenge to the company's market share, profitability, and customer base.
- Additionally, regulatory changes and policies can present threats to MGE Energy Inc's operations. Changes in government regulations, environmental policies, or taxation can impact the company's profitability, operational costs, and strategic decisions.
- External factors like natural disasters, extreme weather conditions, or cyber-attacks can disrupt MGE Energy Inc's operations, affect its infrastructure, and lead to potential financial losses.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.