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

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Contents

Consolidated Statements of Income (unaudited)

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	56,601	51,835	110,161	101,404
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	115,849	109,394	266,026	286,224
Operating Income	29,864	38,604	71,023	79,027
Other income, net	1,134	3,254	2,242	6,161
Interest expense, net	(8,433)	(7,815)	(16,509)	(15,335)
Income before income taxes	22,565	34,043	56,756	69,853
Income tax provision	(811)	(6,436)	(2,802)	(12,603)
Net Income	$21,754	$27,607	$53,954	$57,250
Less: Net Income Attributable to Noncontrolling Interest, net of tax	(5,766)	(5,375)	(11,363)	(10,895)
Net Income Attributable to MGE	$15,988	$22,232	$42,591	$46,355

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.