Corporate & Other was Mge Energy’s largest segment in fiscal 2025, bringing in $531.55M of $743.65M (71%).
| Segment | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Corporate & Other | $489.73M | $497.67M | $531.55M |
| Gas | $200.01M | $178.59M | $211.42M |
| Non Regulated Energy | $690.00K | $684.00K | $677.00K |
| Total | $690.43M | $676.94M | $743.65M |
Mge Energy brought in $743.65M from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 9.9% from $676.94M in fiscal 2024. Corporate & Other was the largest at $531.55M (71.5%), ahead of Gas at $211.42M (28.4%) and Non Regulated Energy at $677.00K (0.1%).
Compared with fiscal 2024, Gas grew 18.4% to $211.42M and Corporate & Other grew 6.8% to $531.55M. From fiscal 2023 to 2025, combined revenue from these segments grew from $690.43M to $743.65M, a compound annual growth rate of 3.8%. Corporate & Other's share of the total rose from 70.9% to 71.5%.
Operating Segments was Mge Energy’s largest revenue line in fiscal 2025, bringing in $743.65M of $722.85M (103%).
| Legal Entity | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Operating Segments | $690.43M | $676.94M | $743.65M |
| Consolidation Elimination Entries | -$16.42M | -$14.79M | -$20.80M |
| Total | $674.01M | $662.16M | $722.85M |
Mge Energy brought in $722.85M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 9.2% from $662.16M in fiscal 2024. Operating Segments was the largest at $743.65M (102.9%).
From fiscal 2023 to 2025, combined revenue from these revenue lines grew from $674.01M to $722.85M, a compound annual growth rate of 3.6%. Operating Segments' share held steady at about 102.9%.
The total is net of Consolidation Elimination Entries, which took $20.80M off revenue in fiscal 2025.
Mge Energy (MGEE) reports its revenue by segment and by legal entity. In fiscal 2025, Corporate & Other was its largest segment, bringing in $531.55M (71.5% of the total), followed by Gas at $211.42M (28.4%).
Corporate & Other was Mge Energy's largest segment in fiscal 2025, bringing in $531.55M, or 71.5% of the $743.65M total across its three segments.
Operating Segments was Mge Energy's largest revenue line in fiscal 2025, bringing in $743.65M, or 102.9% of the $722.85M total across its two revenue lines.
Gas grew faster than Corporate & Other in fiscal 2025, up 18.4% from $178.59M to $211.42M. Corporate & Other grew 6.8% to $531.55M.
Every figure comes from Mge Energy's annual financial filings, as reported. Each line keeps the name Mge Energy gives it, and years follow its fiscal calendar.
Mge Energy's revenue by segment goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.