{
  "url": "https://struct.news/briefs/mge-energys-net-income-rose-26-operating-income-went-the-other-way",
  "title": "MGE Energy’s net income rose 26%. Operating income went the other way",
  "summary": "Stock compensation jumped 220% to $1.6 million, but the bigger split was between MGE’s operating line and bottom line.",
  "published_at": "2026-08-05T12:39:23.814613+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "MGE Energy Inc.",
    "ticker": "MGEE",
    "cik": "1193125",
    "sector": "Utilities",
    "industry": "Utilities - Regulated Electric"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-05",
    "accession": "0001193125-26-333969",
    "url": "https://www.sec.gov/Archives/edgar/data/1161728/000119312526333969/mgee-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-06",
    "url": "https://www.sec.gov/Archives/edgar/data/1161728/000095017025103668/mgee-20250630.htm"
  },
  "reported_figures": [],
  "watch_next": [
    {
      "type": "commodity_prices",
      "statement": "MGE reports that natural-gas commodity costs affect retail rates through the PGA, with recent filings showing repeated favorable evidence.",
      "importance": "medium",
      "evidence": "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 PGA).",
      "source_date": "2026-08-05"
    }
  ],
  "related_tickers": [
    "MGEE"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}