MGE ENERGY INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
MGEE$79.72-0.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income (unaudited)
(In thousands, except per share amounts)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Operating Revenues: | ||
| Electric revenues | $116,167 | $117,291 |
| Gas revenues | 75,169 | 99,962 |
| Total Operating Revenues | 191,336 | 217,253 |
| Operating Expenses: | ||
| Fuel for electric generation | 12,704 | 13,807 |
| Purchased power | 9,442 | 15,386 |
| Cost of gas sold | 41,877 | 67,847 |
| Other operations and maintenance | 53,974 | 49,958 |
| Depreciation and amortization | 26,600 | 24,611 |
| Other general taxes | 5,994 | 5,610 |
| Total Operating Expenses | 150,591 | 177,219 |
| Operating Income | 40,745 | 40,034 |
| Other income, net | 3,881 | 5,355 |
| Interest expense, net | (8,004) | (7,487) |
| Income before income taxes | 36,622 | 37,902 |
| Income tax provision | (2,808) | (6,824) |
| Net Income | $33,814 | $31,078 |
| Earnings Per Share of Common Stock | ||
| Basic | $0.93 | $0.86 |
| Diluted | $0.93 | $0.86 |
| Dividends per share of common stock | $0.428 | $0.408 |
| Weighted Average Shares Outstanding | ||
| Basic | 36,171 | 36,163 |
| Diluted | 36,189 | 36,180 |
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