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)

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	58,096	56,937	171,847	167,098
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	124,375	120,148	415,124	386,174
Operating Income	51,304	48,332	138,977	119,355
Other income, net	3,393	2,025	3,756	4,267
Interest expense, net	(8,702)	(8,527)	(24,891)	(25,036)
Income before income taxes	45,995	41,830	117,842	98,586
Income tax provision	(6,236)	(2,720)	(13,805)	(5,522)
Net Income	$39,759	$39,110	$104,037	$93,064
Less: Net Income Attributable to Noncontrolling Interest, net of tax	(5,668)	(5,777)	(16,981)	(17,140)
Net Income Attributable to MGE	$34,091	$33,333	$87,056	$75,924

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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.