Corporate & Other was Mge Energy’s largest segment in fiscal 2025, bringing in $531.48M of $743.65M (71%).
| Segment | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Corporate & Other | $490.65M | $497.48M | $531.48M |
| Gas | $215.51M | $193.57M | $232.30M |
| Non Regulated Energy | $42.28M | $44.52M | $45.42M |
| Consolidation Elimination Entries | -$58.01M | -$58.62M | -$65.54M |
| Total | $690.43M | $676.94M | $743.65M |
Mge Energy brought in $743.65M from its four 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 $531.48M (71.5%), ahead of Gas at $232.30M (31.2%) and Non Regulated Energy at $45.42M (6.1%).
Compared with fiscal 2024, Gas grew fastest, up 20.0% to $232.30M. Every segment above 2% of revenue grew. 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 held steady at about 71.5%.
The total is net of Consolidation Elimination Entries, which took $65.54M off revenue in fiscal 2025.
Mge Energy (MGEE) reports its revenue by segment. In fiscal 2025, Corporate & Other was its largest segment, bringing in $531.48M (71.5% of the total), followed by Gas at $232.30M (31.2%).
Corporate & Other was Mge Energy's largest segment in fiscal 2025, bringing in $531.48M, or 71.5% of the $743.65M total across its four segments.
Among Mge Energy's segments that make up at least 2% of revenue, Gas grew fastest in fiscal 2025, up 20.0% from $193.57M to $232.30M.
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.