MGE Energy (MGEE) FY2024 results: revenue $677 million, down 2.0% on the year
MGE Energy Inc. (MGEE) reported revenue of $677 million for fiscal 2024, the year ended 31 December 2024, down 2.0% on the year before. Net income was $121 million, up 2.4%, and diluted earnings per share $3.33. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$677 million
-2.0% on the year
FY2017FY2024
Operating margin
21.6%
21.2% a year earlier
FY2017FY2024
Net income
$121 million
+2.4% on the year
FY2017FY2024
Diluted EPS
$3.33
+2.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
278
238
154
+16.9%
Capital expenditure
237
222
175
+6.7%
Free cash flow
40.9
15.5
-21.3
+163.8%
Free cash flow margin
6.0%
2.2%
-3.0%
Cash from investing
-241
-230
-180
Cash from financing
-26.8
-10.5
25.5
Share-based compensation
4.5
2.7
1.3
+66.7%
Dividends paid
63.6
60.4
57.5
+5.3%
Dividend per share
$1.76
$1.67
$1.59
+5.4%
Diluted shares, weighted
36m
36m
36m
+0.1%
Shares outstanding at period end
36m
36m
36m
+0.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,230
1,140
1,082
+7.9%
Short-term borrowings
0.0
n/a
n/a
Debt
769
762
710
+0.9%
Operating lease liabilities
7.8
7.8
7.9
-0.3%
Finance lease liabilities
18.5
18.0
17.1
+2.4%
Other liabilities
803
748
701
+7.4%
Total liabilities and equity
2,828
2,675
2,518
+5.7%
Fixed assets
2,287
2,128
1,971
+7.5%
Cash and equivalents
21.3
11.1
11.6
+91.2%
Receivables
51.3
46.7
55.4
+9.7%
Other assets
468
489
479
-4.4%
Total assets
2,828
2,675
2,518
+5.7%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.