Feed / MGEE

MGE Energy, Inc.

MGEE

Utilities · 76.45 -0.2% today

Participation confirmed · construction unavailableMarket checked 11 Sept, 15:55 GMT-4

Market read

MGE Energy, Inc.'s move is spreading beyond its market group.

No new filing conclusion is available. 6 of 12 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company-0.2% todayVolume comparison unavailable
Market group6 of 12 activeRegulated Water Utilities · inactive
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • At least 8 of 12 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • CNP remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 4 of 12 members or fewer.

Watch this read

Research brief

The story so far

Utilities · Utilities - Regulated Electric

No new filing conclusion is available. 6 of 12 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 8 of 12 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • CNP remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods0
Price observations328
Usable filing statements100
Verified relationships3
Evidence supporting the case
  • Energy and commodity prices has repeated favorable evidence across 5 filings.
  • Demand and volume has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Supply chain and availability has repeated adverse evidence across 5 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

76.45
6m+3.6%12m-8.4%24m

What management says matters

Persistent and emerging business drivers

Energy and commodity pricesmixed · 5 filings
The average retail rate per therm excluding customer fixed charges for the six months ended June 30, 2026, increased approximately 18% compared to the same period in the prior year, reflecting an increase in natural gas commodity costs (recovered through the…
10-Q · Aug 5, 2026
Supply chain and availabilitynegative · 5 filings
Rate increase Return on Common Equity Common Equity Component of Regulatory Capital Structure Effective Date Approved 2024/2025 rate proceeding (a)(b) Electric (c) 2.63 % 9.7 % 56.1 % 1/1/2025 Gas 1.32 % 9.7 % 56.1 % 1/1/2025 Approved 2026/2027 settlement (b)…
10-Q · Aug 5, 2026
Legal and regulatory exposurenegative · 4 filings
Regulatory assets represent costs which are deferred due to the probable future recovery from customers through regulated rates, while regulatory liabilities represent the excess recovery of costs or accrued credits which were deferred because management beli…
10-K · Feb 24, 2026
Demand and volumepositive · 3 filings
During the six months ended June 30, 2026, fixed and demand charges increased $1.1 million, primarily attributable to the increase in demand charges for commercial customers.
10-Q · Aug 5, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales · EV/sales . Comparisons use only industry-matched filing peers.

Scenario scaffold

Fewer than 4 annual revenue periods; too little history to scaffold scenarios.

Price action

How the market is pricing the story

76.45-0.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for MGEE. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for MGEE. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind MGEE

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

WECWEC Energy Group, Inc.competitorNov 5, 2025

ower Company, a subsidiary of WEC Energy Group, Inc.

JPMJPMorgan Chase & Co.lenderFeb 24, 2026

10.1 Second Amended and Restated Credit Agreement dated as of November 8, 2022, among MGE Energy, Inc., the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent.

CAQFiling-linked nameinvesteeFeb 24, 2026

If approved, the project is expected to be placed in service in 2028.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

MGEE is currently a Participant in the organic co-movement group Regulated Water Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.