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Mge Energy Inc - MGEE STOCK NEWS

Welcome to our dedicated page for Mge Energy news (Ticker: MGEE), a resource for investors and traders seeking the latest updates and insights on Mge Energy stock.

MGE Energy Inc (MGEE) delivers essential electric and natural gas services to Wisconsin communities through regulated utilities and strategic energy investments. This news hub provides investors and stakeholders with authoritative updates on the company's operational milestones, financial performance, and regulatory developments.

Track official press releases covering quarterly earnings, infrastructure projects, rate case approvals, and renewable energy initiatives. Our curated collection includes filings with regulatory agencies, partnership announcements, and strategic updates affecting MGEE's position in the utility sector.

Key focus areas include updates from MGEE's regulated electric and gas operations, transmission system enhancements, and progress toward sustainability goals. Users will find timely information on dividend declarations, capital investment plans, and energy mix optimization efforts.

Bookmark this page for direct access to primary source materials and filtered news streams that matter most to utility sector analysis. Check regularly for developments impacting MGEE's service reliability, regulatory compliance, and long-term growth strategy in evolving energy markets.

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MGE Energy, Inc. (MGEE) reported strong financial results for Q4 and full year 2023, with GAAP earnings of $117.7 million, or $3.25 per share, compared to $111.0 million, or $3.07 per share, in the prior year. Investments in renewable generation fueled asset growth, leading to increased electric earnings. Gas retail therm deliveries decreased due to warmer weather, impacting gas net income. Operating revenues for Q4 2023 were $164.7 million, down from $189.8 million in 2022.
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MGE Energy, Inc. (Nasdaq: MGEE) has declared a regular quarterly dividend of $0.4275 per share on its common stock, payable on March 15, 2024. The company has a history of increasing its dividend annually for 48 years and has been paying cash dividends for over 110 years.
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MGE Energy, Inc. (Nasdaq: MGEE) reported Q3 2023 GAAP earnings of $37.9 million, or $1.05 per share, compared to $33.7 million, or $0.93 per share, for the same period last year. The increase in earnings was driven by investments included in rate base and a 5% increase in electric residential sales. MGE continues to invest in cost-effective renewable generation. Earnings from their investment in ATC also increased by $0.9 million.
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MGE Energy Declares Regular Quarterly Dividend
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MGE Energy highlights 48th consecutive year of dividend increases and advancements in renewable energy and electric vehicles.
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MGE Energy raises quarterly dividend by 5% to $0.4275 per share, annualized rate now $1.71 per share. Dividend growth reinforces shareholder value proposition. MGE Energy has increased dividend annually for 48 years and paid cash dividends for over 110 years.
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MGE Energy, Inc. (MGEE) reports GAAP earnings of $28.7 million, or $0.79 per share, for the second quarter of 2023, compared to $21.8 million, or $0.60 per share, for the same period in 2022. Operating revenues for the second quarter of 2023 were $147.998 million, slightly lower than the prior year. The company's investments in new renewable generation and electric infrastructure contributed to increased electric earnings, while gas net income remained relatively flat. For the six months ended June 30, 2023, MGE Energy reported a net income of $59.759 million, or $1.65 per share, compared to $56.181 million, or $1.55 per share, for the same period in 2022.
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Mge Energy Inc

Nasdaq:MGEE

MGEE Rankings

MGEE Stock Data

3.31B
36.44M
0.3%
63.77%
3%
Utilities - Regulated Electric
Electric, Gas & Sanitary Services
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United States
MADISON