When was MGE Energy founded?

MGE Energy was founded in 1967.

Where is MGE Energy located?

MGE Energy is headquartered in Madison, United States.

How many employees does MGE Energy have?

As of Dec 31, 2023, the latest employee count at MGE Energy is 719.

Is MGE Energy a funded company?

MGE Energy is a funded company, having raised a total of $***** in its 1st and only funding round.

What is the annual revenue of MGE Energy?

Annual revenue of MGE Energy is between $500M and $1B as on Dec 31, 2025

Where does MGE Energy rank among its competitors?

MGE Energy ranks 3rd amongst 64 active competitors, only 1 of which is funded. ADNOC, which secured $317M in Aug, 2025.

Who are the top competitors of MGE Energy?

MGE Energy's top competitors include ADNOC, NOVATEK and EQT. Among them, ADNOC secured the most recent funding round in August, 2025.

MGE Energy - 2026 Company Profile, Competitors & Financials

Company Details

Website: mgeenergy.com
Phone Number: +1 **********

Key Metrics

Founded Year

1967

Location

Madison, United States

Stage

Public

Ranked

3^rd among 64 active competitors

Annual Revenue

$500M - $1B as on Dec 31, 2025

Employee Count

719 as on Dec 31, 2023

Similar Companies

ADNOC & 70 more

Exit Details

Public

View MGE Energy's full profile

MGE Energy is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MGE ENERGY INC CIN: 1161728 , United States, Active		$500M - $1B (As on Dec 31, 2025)	719 (As on Dec 31, 2023)	-

MGE Energy got listed on Apr 23, 1990.

Click here to take a look at MGE Energy's IPO in detail

MGE Energy has not raised any funding rounds yet.

MGE Energy's employee count trend

MGE Energy has 719 employees as of Dec 23. The total employee count is 3.0% more than what it was in Dec 22. Here is MGE Energy's employee count trend over the years:

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Top competitors of MGE Energy include ADNOC, NOVATEK and EQT. Here is the list of Top 10 competitors of MGE Energy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	ADNOC 1971, Abu Dhabi (United Arab Emirates), Public	Provider of natural gas & oil distributor, processing, and refining services	-	GIC, Mitsui & 14 others	69/100
2nd	NOVATEK 1994, Moscow (Russia), Public	Provider of oil and gas exploration, production and other services	-	Taaleri, Alfa Fortress Capital Group & 1 others	65/100
3rd	MGE Energy 1967, Madison (United States), Public	Natural gas and electricity distribution company	-	-	58/100
4th	EQT 1888, Pittsburgh (United States), Public	Provider of natural gas exploration and production services	-	JANA Partners	56/100
5th	OMV Petrom 1956, Bucharest (Romania), Funding Raised	Provider of oil & gas exploration and refining services	-	Europa	55/100
6th	CNX Resources 1991, Pittsburgh (United States), Public	Provider of natural gas exploration, production, and transmission services	-	Greenlight Capital	55/100
7th	Epsilon Energy 2005, Houston (United States), Public	Provider of natural gas processing and production services	-	-	52/100
8th	CNOOC 1982, Dongcheng (China), Unfunded	Provider of crude oil & natural gas exploration and processing services	-	-	52/100
9th	SATORP 2008, Al Jubail (Saudi Arabia), Acquired	Provider of crude oil refinery operator services	-	Total	51/100
10th	Surgutneftegas 1977, Surgut (Russia), Public	Provider of oil refining & natural gas exploration services	-	Taaleri	49/100