MGE ENERGY INC

For the period ended Sep 30, 2024. Filed Nov 6, 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.

Sep 30, 2024 · Filed Nov 6, 2024

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

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

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Contents

Consolidated Statements of Income (unaudited)

(In thousands, except per share amounts)

Three Months Ended · Nine Months Ended
	September 30,		September 30,
	2024	2023	2024	2023
Operating Revenues:
Electric revenues	$148,004	$139,104	$384,768	$378,102
Gas revenues	20,476	21,424	120,761	147,677
Total Operating Revenues	168,480	160,528	505,529	525,779
Operating Expenses:
Fuel for electric generation	17,252	19,712	41,193	47,118
Purchased power	8,127	7,021	26,419	28,252
Cost of gas sold	4,628	5,160	52,798	80,296
Other operations and maintenance	57,129	53,997	167,833	156,004
Depreciation and amortization	27,104	25,241	80,636	74,971
Other general taxes	6,100	5,605	18,030	16,922
Total Operating Expenses	120,340	116,736	386,909	403,563
Operating Income	48,140	43,792	118,620	122,216
Other income, net	4,839	10,549	12,576	20,841
Interest expense, net	(8,396)	(7,654)	(24,725)	(22,901)
Income before income taxes	44,583	46,687	106,471	120,156
Income tax provision	(3,644)	(8,830)	(7,924)	(22,540)
Net Income	$40,939	$37,857	$98,547	$97,616
Earnings Per Share of Common Stock
Basic	$1.13	$1.05	$2.72	$2.70
Diluted	$1.13	$1.05	$2.72	$2.70
Dividends per share of common stock	$0.450	$0.428	$1.305	$1.243
Weighted Average Shares Outstanding
Basic	36,181	36,163	36,176	36,163
Diluted	36,211	36,189	36,202	36,185

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.