MGE ENERGY INC

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 25, 2025

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

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Contents

MGE Energy, Inc. Consolidated Statements of Income

Consolidated Statements of Income

(In thousands, except per share amounts)

	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	228,576	215,891	209,875
Depreciation and amortization	108,581	100,352	85,549
Other general taxes	23,986	22,305	20,632
Total Operating Expenses	530,682	544,046	576,776
Operating Income	146,262	146,385	137,743
Other income, net	17,833	29,546	26,080
Interest expense, net	(32,930)	(30,429)	(26,647)
Income before income taxes	131,165	145,502	137,176
Income tax provision	(10,596)	(27,803)	(26,224)
Net Income	$120,569	$117,699	$110,952
Earnings Per Share of Common Stock
Basic	$3.33	$3.25	$3.07
Diluted	$3.33	$3.25	$3.07
Dividends per share of common stock	$1.76	$1.67	$1.59
Weighted Average Shares Outstanding
Basic	36,210	36,163	36,163
Diluted	36,239	36,186	36,174

Consolidated State

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.