MGE Energy Inc (MGEE) — Cash Flow Reinvestment Rate
Latest as of March 2026:
1.31x
MGE Energy Inc (MGEE) has a Cash Flow Reinvestment Rate of 1.31x as of March 2026, reinvesting $105.96 Million (capex $101.14 Million plus investments $-4.82 Million) from operating cash flow of $80.69 Million. Check MGEE operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
1.31x
(Capex + Investments) / Operating CF
Total Reinvested
$105.96 Million
Capex + Investments
Operating Cash Flow
$80.69 Million
USD
Capital Expenditures
$101.14 Million
USD
MGE Energy Inc Cash Flow Reinvestment Rate (1994–2025)
Historical reinvestment intensity for MGE Energy Inc across 62 annual periods. Explore MGEE long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for MGE Energy Inc (1994–2025)
Year-by-year capital reinvestment analysis for MGE Energy Inc. For live market cap and broader valuation context, see MGEE market cap.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.34x | $352.72 Million | $263.23 Million | $343.22 Million | ▼ -22.2% |
| 2024 | 1.72x | $478.41 Million | $277.78 Million | $236.93 Million | ▼ -9.5% |
| 2023 | 1.90x | $452.09 Million | $237.56 Million | $222.07 Million | ▲ +0.0% |
| 2023 | 1.90x | $452.09 Million | $237.56 Million | $222.07 Million | ▼ -17.6% |
| 2022 | 2.31x | $355.18 Million | $153.74 Million | $175.03 Million | ▲ +97.1% |
| 2022 | 1.17x | $180.22 Million | $153.74 Million | $175.03 Million | ▼ -48.0% |
| 2021 | 2.26x | $310.14 Million | $137.53 Million | $153.17 Million | ▲ +97.3% |
| 2021 | 1.14x | $157.20 Million | $137.53 Million | $153.17 Million | ▼ -52.3% |
| 2020 | 2.40x | $413.55 Million | $172.44 Million | $203.14 Million | ▲ +98.1% |
| 2020 | 1.21x | $208.74 Million | $172.44 Million | $203.14 Million | ▼ -3.7% |
| 2019 | 1.26x | $164.04 Million | $130.47 Million | $164.04 Million | ▼ -4.5% |
| 2019 | 1.32x | $171.85 Million | $130.47 Million | $164.04 Million | ▼ -5.0% |
| 2018 | 1.39x | $212.20 Million | $153.04 Million | $212.20 Million | ▼ -2.7% |
| 2018 | 1.43x | $218.12 Million | $153.04 Million | $212.20 Million | ▲ +75.3% |
| 2017 | 0.81x | $108.13 Million | $132.99 Million | $108.13 Million | ▼ -9.3% |
| 2017 | 0.90x | $119.21 Million | $132.99 Million | $108.13 Million | ▲ +58.1% |
| 2016 | 0.57x | $83.66 Million | $147.51 Million | $83.66 Million | ▼ -3.4% |
| 2016 | 0.59x | $86.62 Million | $147.51 Million | $83.66 Million | ▲ +15.1% |
| 2015 | 0.51x | $72.03 Million | $141.19 Million | $72.03 Million | ▼ -1.4% |
| 2015 | 0.52x | $73.08 Million | $141.19 Million | $72.03 Million | ▼ -28.1% |
| 2014 | 0.72x | $92.68 Million | $128.76 Million | $92.68 Million | ▼ -2.3% |
| 2014 | 0.74x | $94.86 Million | $128.76 Million | $92.68 Million | ▼ -13.2% |
| 2013 | 0.85x | $119.06 Million | $140.27 Million | $119.06 Million | ▼ -1.4% |
| 2013 | 0.86x | $120.73 Million | $140.27 Million | $119.06 Million | ▲ +27.7% |
| 2012 | 0.67x | $98.44 Million | $146.00 Million | $98.44 Million | ▲ +0.0% |
| 2012 | 0.67x | $98.44 Million | $146.00 Million | $98.44 Million | ▲ +35.3% |
| 2011 | 0.50x | $65.18 Million | $130.77 Million | $65.18 Million | ▲ +0.0% |
| 2011 | 0.50x | $65.18 Million | $130.77 Million | $65.18 Million | ▲ +2.9% |
| 2010 | 0.48x | $60.08 Million | $124.03 Million | $60.08 Million | ▼ -1.1% |
| 2010 | 0.49x | $60.73 Million | $124.03 Million | $60.08 Million | ▼ -25.9% |
| 2009 | 0.66x | $77.93 Million | $117.91 Million | $77.93 Million | ▲ +0.0% |
| 2009 | 0.66x | $77.93 Million | $117.91 Million | $77.93 Million | ▼ -53.3% |
| 2008 | 1.42x | $105.78 Million | $74.71 Million | $105.78 Million | ▲ +0.0% |
| 2008 | 1.42x | $105.78 Million | $74.71 Million | $105.78 Million | ▼ -20.4% |
| 2007 | 1.78x | $136.26 Million | $76.59 Million | $136.26 Million | ▲ +0.0% |
| 2007 | 1.78x | $136.26 Million | $76.59 Million | $136.26 Million | ▲ +94.2% |
| 2006 | 0.92x | $92.58 Million | $101.04 Million | $92.58 Million | ▲ +0.0% |
| 2006 | 0.92x | $92.58 Million | $101.04 Million | $92.58 Million | ▼ -46.8% |
| 2005 | 1.72x | $85.77 Million | $49.83 Million | $85.77 Million | ▲ +0.0% |
| 2005 | 1.72x | $85.77 Million | $49.83 Million | $85.77 Million | ▲ +8.1% |
| 2004 | 1.59x | $99.22 Million | $62.31 Million | $99.22 Million | ▲ +0.0% |
| 2004 | 1.59x | $99.22 Million | $62.31 Million | $99.22 Million | ▲ +31.7% |
| 2003 | 1.21x | $82.97 Million | $68.60 Million | $82.97 Million | ▲ +0.0% |
| 2003 | 1.21x | $82.97 Million | $68.60 Million | $82.97 Million | ▼ -12.4% |
| 2002 | 1.38x | $78.28 Million | $56.73 Million | $78.28 Million | ▲ +0.0% |
| 2002 | 1.38x | $78.28 Million | $56.73 Million | $78.28 Million | ▲ +145.6% |
| 2001 | 0.56x | $41.97 Million | $74.68 Million | $41.97 Million | ▲ +0.0% |
| 2001 | 0.56x | $41.97 Million | $74.68 Million | $41.97 Million | ▼ -63.5% |
| 2000 | 1.54x | $73.61 Million | $47.77 Million | $73.61 Million | ▲ +0.0% |
| 2000 | 1.54x | $73.61 Million | $47.77 Million | $73.61 Million | ▲ +82.2% |
| 1999 | 0.85x | $51.00 Million | $60.30 Million | $51.00 Million | ▲ +0.0% |
| 1999 | 0.85x | $51.00 Million | $60.30 Million | $51.00 Million | ▲ +93.6% |
| 1998 | 0.44x | $30.80 Million | $70.50 Million | $30.80 Million | ▲ +0.0% |
| 1998 | 0.44x | $30.80 Million | $70.50 Million | $30.80 Million | ▼ -17.5% |
| 1997 | 0.53x | $21.60 Million | $40.80 Million | $21.60 Million | ▲ +0.0% |
| 1997 | 0.53x | $21.60 Million | $40.80 Million | $21.60 Million | ▲ +16.8% |
| 1996 | 0.45x | $21.90 Million | $48.30 Million | $21.90 Million | ▲ +0.0% |
| 1996 | 0.45x | $21.90 Million | $48.30 Million | $21.90 Million | ▲ +20.0% |
| 1995 | 0.38x | $19.20 Million | $50.80 Million | $19.20 Million | ▲ +0.0% |
| 1995 | 0.38x | $19.20 Million | $50.80 Million | $19.20 Million | ▼ -41.3% |
| 1994 | 0.64x | $26.40 Million | $41.00 Million | $26.40 Million | ▲ +0.0% |
| 1994 | 0.64x | $26.40 Million | $41.00 Million | $26.40 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow