MGE ENERGY INC

For the period ended Mar 31, 2025. Filed May 7, 2025.

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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.

Mar 31, 2025 · Filed May 7, 2025

MGEE$80.19-0.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets (unaudited)

	March 31,	December 31,
ASSETS	2025	2024
Current Assets:
Cash and cash equivalents	$35,307	$21,302
Accounts receivable, less reserves of $8,416 and $6,905, respectively	53,083	51,277
Other accounts receivable, less reserves of $2,129 and $2,124, respectively	7,024	10,067
Unbilled revenues	30,481	35,833
Materials and supplies, at average cost	36,576	36,187
Fuel for electric generation, at average cost	12,651	11,521
Stored natural gas, at average cost	12,497	19,937
Prepaid taxes	14,128	18,390
Regulatory assets - current	8,030	8,522
Other current assets	12,569	14,229
Total Current Assets	222,346	227,265
Regulatory assets	38,312	36,764
Pension benefit asset	135,224	132,264
Other deferred assets and other	27,136	26,285
Property, Plant, and Equipment:
Property, plant, and equipment, net	2,213,857	2,149,138
Construction work in progress	84,215	138,208
Total Property, Plant, and Equipment	2,298,072	2,287,346
Investments	120,287	118,035
Total Assets	$2,841,377	$2,827,959
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Long-term debt due within one year	$5,321	$5,285
Accounts payable	48,016	77,466
Accrued interest and taxes	15,537	11,558
Accrued payroll related items	13,169	15,870
Regulatory liabilities - current	18,738	7,966
Other current liabilities	6,736	7,418
Total Current Liabilities	107,517	125,563
Other Credits:
Deferred income taxes	320,048	316,397
Investment tax credit - deferred	44,512	44,988
Regulatory liabilities	161,951	163,336
Accrued pension and other postretirement benefits	50,285	50,155
Asset retirement obligations	71,995	69,132
Other deferred liabilities and other	63,664	64,553
Total Other Credits	712,455	708,561
Capitalization:
Common shareholders' equity	1,258,913	1,230,138
Long-term debt	762,492	763,697
Total Capitalization	2,021,405	1,993,835
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization	$2,841,377	$2,827,959

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