MGE ENERGY INC

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 7, 2024

MGEE$79.72-0.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Income (unaudited)

(In thousands, except per share amounts)

Three Months Ended · Six Months Ended
	June 30,		June 30,
	2024	2023	2024	2023
Operating Revenues:
Electric revenues	$120,597	$121,707	$236,764	$238,998
Gas revenues	25,116	26,291	100,285	126,253
Total Operating Revenues	145,713	147,998	337,049	365,251
Operating Expenses:
Fuel for electric generation	11,237	13,599	23,941	27,406
Purchased power	8,850	5,845	18,292	21,231
Cost of gas sold	6,293	7,289	48,170	75,136
Other operations and maintenance	56,730	52,049	110,704	102,007
Depreciation and amortization	26,932	25,119	53,532	49,730
Other general taxes	5,936	5,707	11,930	11,317
Total Operating Expenses	115,978	109,608	266,569	286,827
Operating Income	29,735	38,390	70,480	78,424
Other income, net	3,856	4,937	7,737	10,292
Interest expense, net	(8,325)	(7,760)	(16,329)	(15,247)
Income before income taxes	25,266	35,567	61,888	73,469
Income tax provision	(1,472)	(6,886)	(4,280)	(13,710)
Net Income	$23,794	$28,681	$57,608	$59,759
Earnings Per Share of Common Stock
Basic	$0.66	$0.79	$1.59	$1.65
Diluted	$0.66	$0.79	$1.59	$1.65
Dividends per share of common stock	$0.428	$0.408	$0.855	$0.815
Weighted Average Shares Outstanding
Basic	36,176	36,163	36,173	36,163
Diluted	36,197	36,186	36,196	36,183

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.