MADISON GAS & ELECTRIC CO

For the period ended Sep 30, 2025. Filed Nov 5, 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.

Sep 30, 2025 · Filed Nov 5, 2025

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

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Contents

Consolidated Balance Sheets (unaudited)

	September 30,	December 31,
ASSETS	2025	2024
Current Assets:
Cash and cash equivalents	$10,141	$21,302
Accounts receivable, less reserves of $8,176 and $6,905, respectively	41,490	51,277
Other accounts receivable, less reserves of $1,969 and $2,124, respectively	12,358	10,067
Unbilled revenues	27,355	35,833
Materials and supplies, at average cost	37,943	36,187
Fuel for electric generation, at average cost	10,318	11,521
Stored natural gas, at average cost	19,865	19,937
Prepaid taxes	13,716	18,390
Regulatory assets - current	7,147	8,522
Other current assets	14,693	14,229
Total Current Assets	195,026	227,265
Regulatory assets	40,479	36,764
Pension and other postretirement benefit asset	140,931	132,264
Other deferred assets and other	18,606	26,285
Property, Plant, and Equipment:
Property, plant, and equipment, net	2,248,793	2,149,138
Construction work in progress	219,938	138,208
Total Property, Plant, and Equipment	2,468,731	2,287,346
Investments	126,963	118,035
Total Assets	$2,990,736	$2,827,959
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Long-term debt due within one year	$20,395	$5,285
Short-term debt	76,001	—
Accounts payable	67,058	77,466
Accrued interest and taxes	11,476	11,558
Accrued payroll related items	15,894	15,870
Regulatory liabilities - current	16,146	7,966
Other current liabilities	8,141	7,418
Total Current Liabilities	215,111	125,563
Other Credits:
Deferred income taxes	320,660	316,397
Investment tax credit - deferred	49,227	44,988
Regulatory liabilities	169,991	163,336
Accrued pension and other postretirement benefits	51,037	50,155
Asset retirement obligations	75,979	69,132
Other deferred liabilities and other	66,031	64,553
Total Other Credits	732,925	708,561
Capitalization:
Common shareholders' equity	1,297,653	1,230,138
Long-term debt	745,047	763,697
Total Capitalization	2,042,700	1,993,835
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization	$2,990,736	$2,827,959

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.