MGE ENERGY INC

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

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.

Mar 31, 2025 · Filed May 7, 2025

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

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Contents

Consolidated Balance Sheets (unaudited)

	March 31,	December 31,
ASSETS	2025	2024
Current Assets:
Cash and cash equivalents	$25,154	$16,865
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	7,019	10,063
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	14,100	18,359
Regulatory assets - current	8,030	8,522
Other current assets	13,051	14,740
Total Current Assets	212,642	223,304
Regulatory assets	38,312	36,764
Pension benefit asset	135,224	132,264
Other deferred assets and other	26,560	25,690
Property, Plant, and Equipment:
Property, plant, and equipment, net	2,213,885	2,149,165
Construction work in progress	84,215	138,208
Total Property, Plant, and Equipment	2,298,100	2,287,373
Total Assets	$2,710,838	$2,705,395
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Long-term debt due within one year	$5,321	$5,285
Accounts payable	47,989	77,453
Accrued interest and taxes	15,255	11,866
Accrued payroll related items	13,169	15,870
Regulatory liabilities - current	18,738	7,966
Other current liabilities	6,735	7,418
Total Current Liabilities	107,207	125,858
Other Credits:
Deferred income taxes	284,252	280,961
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	66,036	67,463
Total Other Credits	679,031	676,035
Capitalization:
Common shareholder's equity	1,010,123	989,419
Noncontrolling interest	151,985	150,386
Total Equity	1,162,108	1,139,805
Long-term debt	762,492	763,697
Total Capitalization	1,924,600	1,903,502
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization	$2,710,838	$2,705,395

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.