MGEE Q4 2024 Earnings Report
Key Takeaways
MGE Energy reported increased earnings for the fourth quarter of 2024, driven by investments in renewable generation and contributions from electric rate base. Full-year earnings also increased compared to the prior year. Gas retail therm deliveries decreased due to warmer-than-normal weather.
MGE Energy's Q4 2024 earnings were $22.0 million, or 61 cents per share.
Full-year 2024 earnings reached $120.6 million, or $3.33 per share.
Increased electric investments included in rate base contributed to higher electric earnings.
Gas retail therm deliveries decreased by approximately 4% due to warmer weather.
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Forward Guidance
This press release contains forward-looking statements based on MGE Energy's current expectations, estimates and assumptions regarding future events, which are inherently uncertain.