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Mge Energy Inc. (MGEE) Fundamental Analysis & AI Grade 2026

MGEE Nasdaq Electric, Gas & Sanitary Services WI CIK: 0001161728
Update Pending • Analysis: May 8, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
65% Confidence
STRONG AGREEMENT
B
62% Conf
B
68% Conf

📊 MGEE Key Takeaways

Revenue: $-9.8M
Net Margin: -494.5%
Free Cash Flow: $-20.4M
Current Ratio: 1.15x
Debt/Equity: 0.65x
EPS: $1.32
AI Grade: B with 62% confidence
Mge Energy Inc. (MGEE) receives a B fundamental grade with 65% confidence from our AI analysis based on SEC 10-K filings. With revenue of -$9.8M, net profit margin of -494.5%, and return on equity (ROE) of 3.6%, Mge Energy Inc. demonstrates mixed fundamentals in the Utilities sector. Below is our complete MGEE stock analysis for 2026.

Is Mge Energy Inc. (MGEE) a Good Investment?

Claude

MGE Energy exhibits concerning fundamentals with declining revenue (-2.6% YoY), negative free cash flow (-$20.4M), and deteriorating profitability metrics, despite positive operating cash flow and moderate leverage ratios typical of regulated utilities. The extremely low cash position ($9.5M) combined with capex exceeding operations ($101.1M) creates liquidity pressure that warrants caution until capital structure and revenue trends stabilize.

ChatGPT

MGE Energy shows the core traits of a financially sound regulated utility: steady net income, solid returns on equity and assets, and strong interest coverage despite a sizable capital program. However, free cash flow is negative because capital expenditures exceed operating cash flow, liquidity is thin, and the reported negative revenue/margin figures indicate data-quality distortions that reduce confidence in the headline profitability metrics.

Mge Energy Inc. Key Strengths (MGEE)

Claude
  • + Positive operating cash flow of $80.7M provides operational liquidity foundation
  • + Moderate leverage with 0.65x debt-to-equity ratio and 3.8x interest coverage typical for regulated utility
  • + EPS growth of 11.7% YoY despite flat net income indicates disciplined capital allocation
ChatGPT
  • + Net income remained stable while diluted EPS grew 11.7%, indicating decent per-share earnings progression
  • + ROE of 10.4% and ROA of 4.3% suggest respectable profitability for a capital-intensive utility business
  • + Interest coverage of 12.2x and debt-to-equity of 0.61x indicate manageable leverage and good debt-servicing capacity

MGEE Stock Risks: Mge Energy Inc. Investment Risks

Claude
  • ! Negative free cash flow indicates company cannot fund capex from operations and requires external capital
  • ! Declining revenue (-2.6% YoY) contradicts utility sector stability expectations and growth prospects
  • ! Severely depressed cash position of $9.5M relative to $3.2B assets and $880.3M debt creates refinancing vulnerability
  • ! Abnormally negative profit margins suggest either data quality issues or significant non-recurring charges masking underlying performance
ChatGPT
  • ! Negative free cash flow of $79.99M shows internal cash generation is not currently covering capital investment needs
  • ! Current and quick ratios of 0.77x point to limited short-term liquidity flexibility
  • ! Reported negative revenue and extreme margin figures suggest accounting or data-mapping issues, which make trend analysis less reliable

Key Metrics to Watch

Claude
  • * Free cash flow trajectory and capex sustainability going forward
  • * Revenue stabilization or recovery in upcoming quarters
  • * Cash position trend and debt refinancing activities
  • * Operating margin normalization and profitability recovery
ChatGPT
  • * Operating cash flow relative to capital expenditures
  • * Debt levels and current ratio/liquidity trend

Mge Energy Inc. (MGEE) Financial Metrics & Key Ratios

Revenue
$-9.8M
Net Income
$48.5M
EPS (Diluted)
$1.32
Free Cash Flow
$-20.4M
Total Assets
$3.2B
Cash Position
$9.5M

💡 AI Analyst Insight

The 208.5% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments.

MGEE Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -542.1%
Net Margin -494.5%
ROE 3.6%
ROA 1.5%
FCF Margin 208.5%

MGEE vs Utilities Sector: How Mge Energy Inc. Compares

How Mge Energy Inc. compares to Utilities sector averages

Net Margin
MGEE -494.5%
vs
Sector Avg 12.0%
MGEE Sector
ROE
MGEE 3.6%
vs
Sector Avg 10.0%
MGEE Sector
Current Ratio
MGEE 1.2x
vs
Sector Avg 0.8x
MGEE Sector
Debt/Equity
MGEE 0.7x
vs
Sector Avg 1.4x
MGEE Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Mge Energy Inc. Stock Overvalued? MGEE Valuation Analysis 2026

Based on fundamental analysis, Mge Energy Inc. has mixed fundamental signals relative to the Utilities sector in 2026.

Return on Equity
3.6%
Sector avg: 10%
Net Profit Margin
-494.5%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.65x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Mge Energy Inc. Balance Sheet: MGEE Debt, Cash & Liquidity

Current Ratio
1.15x
Quick Ratio
1.15x
Debt/Equity
0.65x
Debt/Assets
0.0%
Interest Coverage
3.81x
Long-term Debt
$880.3M

MGEE Revenue & Earnings Growth: 5-Year Financial Trend

MGEE 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Mge Energy Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $3.25 reflects profitable operations.

MGEE Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
208.5%
Free cash flow / Revenue

Mge Energy Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$80.7M
Cash generated from operations
Capital Expenditures
$101.1M
Investment in assets
Dividends Paid
$17.4M
Returned to shareholders

MGEE SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Mge Energy Inc. (CIK: 0001161728)

📋 Recent SEC Filings

Date Form Document Action
May 22, 2026 8-K mgee-20260519.htm View →
May 8, 2026 8-K mgee-20260508.htm View →
May 8, 2026 8-K mgee-20260506.htm View →
May 5, 2026 8-K mgee-20260505.htm View →
May 5, 2026 10-Q mgee-20260331.htm View →

Frequently Asked Questions about MGEE

What is the AI rating for MGEE?

Mge Energy Inc. (MGEE) has a Combined AI Grade of B from Claude (B) and ChatGPT (B) with 65% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are MGEE's key strengths?

Claude: Positive operating cash flow of $80.7M provides operational liquidity foundation. Moderate leverage with 0.65x debt-to-equity ratio and 3.8x interest coverage typical for regulated utility. ChatGPT: Net income remained stable while diluted EPS grew 11.7%, indicating decent per-share earnings progression. ROE of 10.4% and ROA of 4.3% suggest respectable profitability for a capital-intensive utility business.

What are the risks of investing in MGEE?

Claude: Negative free cash flow indicates company cannot fund capex from operations and requires external capital. Declining revenue (-2.6% YoY) contradicts utility sector stability expectations and growth prospects. ChatGPT: Negative free cash flow of $79.99M shows internal cash generation is not currently covering capital investment needs. Current and quick ratios of 0.77x point to limited short-term liquidity flexibility.

What is MGEE's revenue and growth?

Mge Energy Inc. reported revenue of $-9.8M.

Does MGEE pay dividends?

Mge Energy Inc. pays dividends, with $17.4M distributed to shareholders in the trailing twelve months.

Where can I find MGEE SEC filings?

Official SEC filings for Mge Energy Inc. (CIK: 0001161728) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is MGEE's EPS?

Mge Energy Inc. has a diluted EPS of $1.32.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is MGEE's fundamental grade?

Based on our AI fundamental analysis in June 2026, Mge Energy Inc. has a B grade with 65% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is MGEE stock overvalued or undervalued?

Valuation metrics for MGEE: ROE of 3.6% (sector avg: 10%), net margin of -494.5% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is MGEE's AI grade for 2026?

Our dual AI analysis gives Mge Energy Inc. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is MGEE's free cash flow?

Mge Energy Inc.'s operating cash flow is $80.7M, with capital expenditures of $101.1M. FCF margin is 208.5%.

How does MGEE compare to other Utilities stocks?

Vs Utilities sector averages: Net margin -494.5% (avg: 12%), ROE 3.6% (avg: 10%), current ratio 1.15 (avg: 0.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 8, 2026 | Data as of: 2026-03-31 | Powered by Claude AI