Filing Flows › MGE Energy (MGEE) › Q4 2024
MGE Energy (MGEE) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 25, 2025
MGE Energy (MGEE) reported revenue of $171M for the fourth quarter 2024 (Q4 2024), +4% from a year earlier and +2% from the quarter before. Operating margin was 16.1%, net earnings $22.0M (12.8% of revenue).
MGE Energy, Q4 2024: revenue $171M (+4% year over year), operating margin 16.1%, net earnings $22.0M, operating cash flow $67.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $171M | +2% | +4% |
| Operating profit | $27.6M | -43% | +14% |
| Net earnings | $22.0M | -46% | +10% |
| Operating cash flow | $67.9M | -14% | +56% |
What changed
Revenue was $171.4M in Q4 2024, up 4% year over year and up 2% from the previous quarter. Electric was the largest line at 66% of revenue.
Operating profit was $27.6M, a 16.1% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 15% margin then. Total costs grew 2% against revenue growth of 4%. Net earnings were $22.0M, up 10% year over year. The effective tax rate was 10.8%.
Operating cash flow was $67.9M (up 56% year over year), 309% of net earnings. Non-cash charges added back $1.4M of share-based compensation. Working capital and other items added $44.5M. Capital expenditures of $72.9M exceeded it, leaving free cash flow of −$4.9M.
Questions
What was MGE Energy's revenue in the fourth quarter 2024?
MGE Energy (MGEE) reported revenue of $171M for the fourth quarter 2024 (Q4 2024), +4% from a year earlier and +2% from the quarter before.
Was MGE Energy profitable in the fourth quarter 2024?
Operating profit was $27.6M (16.1% of revenue) and net earnings $22.0M.
Source: MGE Energy 10-K on SEC EDGAR.