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| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $110 | $117 | $138 | $146 | $146 |
| Net Income | $92 | $106 | $111 | $118 | $121 |
Over the five-year period from 2020 to 2024, MGE Energy’s financial performance shows a consistent upward trend in profitability, as reflected by its operating and net income figures. Although the reported data does not include revenue or gross profit—likely due to the company’s specific regulatory or accounting practices—the operating income increased from about $110 million in 2020 to roughly $146 million in 2023, with a very slight decline in 2024. Similarly, net income climbed steadily over the period, growing from approximately $92 million in 2020 to over $120 million in 2024. While the year-over-year percentage increases have generally remained moderate—with the most notable jump being around a 17% increase in operating income from 2021 to 2022—there are no swings exceeding 20%, indicating a stable progression in profitability metrics. Within the context of the regulated utility industry, where companies typically experience steady, predictable financial outcomes due to established rate structures and a focus on operational efficiency, these trends are particularly noteworthy. The steady growth in operating income suggests effective cost management and operational improvements, while the corresponding rise in net income confirms that these efficiencies are translating into better bottom-line performance. Overall, the data points to a company in sound financial health, with a sustainable business model and a clear focus on maintaining stable returns for its stakeholders. This consistent profitability, even without reported revenue and gross profit details, underscores MGE Energy’s ability to navigate its operating environment successfully and suggests promising prospects for future performance.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.