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MGEE Q1 2025 Earnings Report
MGE Energy, Inc. and Madison Gas and Electric Company reported their first quarter 2025 earnings.
Key Takeaways
MGE Energy reported a net income of $41.592 million for the first quarter of 2025, an increase from $33.814 million in the prior year. The company's EPS for the quarter was $1.14. Total operating revenues increased to $218.970 million from $191.336 million in the same period last year, driven by higher electric and gas revenues.
Net income for MGE Energy increased to $41.592 million in Q1 2025 from $33.814 million in Q1 2024.
Diluted EPS for MGE Energy was $1.14 in Q1 2025, up from $0.93 in Q1 2024.
Total operating revenues for MGE Energy rose to $218.970 million in Q1 2025, compared to $191.336 million in Q1 2024.
Electric revenues increased by 8.0% and gas revenues increased by 24.4% for MGE Energy in Q1 2025 compared to Q1 2024.
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CapyFin.com Forward Guidance
MGE Energy expects to maintain adequate liquidity to support future operations and capital expenditures. The company plans to continue focusing on growing earnings while controlling operating and fuel costs, and aims to achieve its 80% carbon reduction target by 2030.
Positive Outlook
- MGE Energy expects to have adequate liquidity to support future operations and capital expenditures.
- The company plans to continue focusing on growing earnings.
- MGE aims to achieve its 80% carbon reduction target by 2030.
- MGE expects to purchase shares in the open market for participants in the Direct Stock Purchase and Dividend Reinvestment Plan starting May 2025.
- MGE expects to seek and receive recovery of fuel and purchased power costs that exceed the fuel rules bandwidth in customer rates.
Challenges Ahead
- The mix of generation sources presented in the 2025 through 2029 capital expenditure forecast may shift based on reliability needs.
- Import regulations under the Uyghur Forced Labor Protection Act and U.S. Department of Commerce solar tariffs could impact current and future solar projects by increasing costs or causing delays.
- Tariffs on imported goods may cause an increase in costs or delays in construction timelines for solar or battery storage projects.
- The final impact of the EPA's PM2.5 rule will not be known until the EPA determines the attainment status of Wisconsin counties and the State of Wisconsin develops an attainment implementation plan.
- The final impact of the EPA's CCR Legacy Rule may differ from the amount recorded due to potential changes in compliance strategies and cost estimates.