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

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Contents

Consolidated Statements of Income (unaudited)

(In thousands, except per share amounts)

Three Months Ended · Nine Months Ended
	September 30,		September 30,
	2025	2024	2025	2024
Operating Revenues:
Electric revenues	$155,491	$148,004	$410,507	$384,768
Gas revenues	20,188	20,476	143,594	120,761
Total Operating Revenues	175,679	168,480	554,101	505,529
Operating Expenses:
Fuel for electric generation	22,189	17,252	56,050	41,193
Purchased power	4,289	8,127	14,229	26,419
Cost of gas sold	4,865	4,628	70,142	52,798
Other operations and maintenance	58,325	57,129	172,661	167,833
Depreciation and amortization	28,816	27,104	84,848	80,636
Other general taxes	6,120	6,100	18,008	18,030
Total Operating Expenses	124,604	120,340	415,938	386,909
Operating Income	51,075	48,140	138,163	118,620
Other income, net	9,888	4,839	16,199	12,576
Interest expense, net	(8,677)	(8,396)	(24,715)	(24,725)
Income before income taxes	52,286	44,583	129,647	106,471
Income tax provision	(7,789)	(3,644)	(17,060)	(7,924)
Net Income	$44,497	$40,939	$112,587	$98,547
Earnings Per Share of Common Stock
Basic	$1.22	$1.13	$3.08	$2.72
Diluted	$1.22	$1.13	$3.08	$2.72
Dividends per share of common stock	$0.475	$0.450	$1.375	$1.305
Weighted Average Shares Outstanding
Basic	36,542	36,181	36,531	36,176
Diluted	36,576	36,211	36,565	36,202

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.