MGE ENERGY INC
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
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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Madison Gas and Electric Company. Consolidated Statements of Income
Consolidated Statements of Income
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating Revenues: | |||
| Electric revenues | $498,357 | $490,419 | $465,847 |
| Gas revenues | 178,587 | 200,012 | 248,672 |
| Total Operating Revenues | 676,944 | 690,431 | 714,519 |
| Operating Expenses: | |||
| Fuel for electric generation | 53,994 | 57,627 | 61,329 |
| Purchased power | 32,852 | 41,224 | 46,821 |
| Cost of gas sold | 82,693 | 106,647 | 152,570 |
| Other operations and maintenance | 227,671 | 214,897 | 209,007 |
| Depreciation and amortization | 108,581 | 100,352 | 85,549 |
| Other general taxes | 23,986 | 22,301 | 20,627 |
| Total Operating Expenses | 529,777 | 543,048 | 575,903 |
| Operating Income | 147,167 | 147,383 | 138,616 |
| Other income, net | 5,885 | 21,365 | 17,626 |
| Interest expense, net | (33,369) | (30,651) | (26,687) |
| Income before income taxes | 119,683 | 138,097 | 129,555 |
| Income tax provision | (7,384) | (25,727) | (24,063) |
| Net Income | $112,299 | $112,370 | $105,492 |
| Less Net Income Attributable to Noncontrolling Interest, net of tax | (22,855) | (21,868) | (21,576) |
| Net Income Attributable to MGE | $89,444 | $90,502 | $83,916 |
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