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 Balance Sheets (unaudited)

	September 30,	December 31,
ASSETS	2025	2024
Current Assets:
Cash and cash equivalents	$3,249	$16,865
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	12,353	10,063
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	13,679	18,359
Regulatory assets - current	7,147	8,522
Other current assets	15,234	14,740
Total Current Assets	188,633	223,304
Regulatory assets	40,479	36,764
Pension and other post retirement benefit asset	140,931	132,264
Other deferred assets and other	18,010	25,690
Property, Plant, and Equipment:
Property, plant, and equipment, net	2,248,821	2,149,165
Construction work in progress	219,938	138,208
Total Property, Plant, and Equipment	2,468,759	2,287,373
Total Assets	$2,856,812	$2,705,395
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Long-term debt due within one year	$20,395	$5,285
Short-term debt	76,001	—
Accounts payable	67,027	77,453
Accrued interest and taxes	10,971	11,866
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	214,575	125,858
Other Credits:
Deferred income taxes	284,523	280,961
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	69,591	67,463
Total Other Credits	700,348	676,035
Capitalization:
Common shareholder's equity	1,040,975	989,419
Noncontrolling interest	155,867	150,386
Total Equity	1,196,842	1,139,805
Long-term debt	745,047	763,697
Total Capitalization	1,941,889	1,903,502
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization	$2,856,812	$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.