MADISON GAS & ELECTRIC CO

For the period ended Mar 31, 2026. Filed May 5, 2026.

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, 2026 · Filed May 5, 2026

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	2026	2025
Current Assets:
Cash and cash equivalents	$9,468	$5,666
Accounts receivable, less reserves of $9,800 and $8,578, respectively	59,014	57,558
Other accounts receivable, less reserves of $2,257 and $2,084, respectively	12,108	12,983
Unbilled revenues	31,597	42,770
Materials and supplies, at average cost	38,193	37,850
Fuel for electric generation, at average cost	11,242	11,010
Stored natural gas, at average cost	9,409	15,317
Prepaid taxes	14,243	19,314
Regulatory assets - current	10,996	8,879
Other current assets	14,864	17,201
Total Current Assets	211,134	228,548
Regulatory assets	45,488	42,758
Pension and other postretirement benefit asset	168,666	164,985
Other deferred assets and other	19,215	18,348
Property, Plant, and Equipment:
Property, plant, and equipment, net	2,282,117	2,279,899
Construction work in progress	326,399	292,969
Total Property, Plant, and Equipment	2,608,516	2,572,868
Investments	132,663	127,913
Total Assets	$3,185,682	$3,155,420
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Long-term debt due within one year	$20,471	$21,633
Short-term debt	40,250	94,527
Accounts payable	57,288	117,673
Accrued interest and taxes	13,674	10,269
Accrued payroll related items	14,114	17,244
Regulatory liabilities - current	28,175	23,490
Other current liabilities	9,191	11,873
Total Current Liabilities	183,163	296,709
Other Credits:
Deferred income taxes	344,250	337,798
Investment tax credit - deferred	48,066	48,609
Regulatory liabilities	189,423	185,372
Accrued pension and other postretirement benefits	51,249	51,105
Asset retirement obligations	77,143	76,289
Other deferred liabilities and other	62,645	63,397
Total Other Credits	772,776	762,570
Capitalization:
Common shareholders' equity	1,349,399	1,303,936
Long-term debt	880,344	792,205
Total Capitalization	2,229,743	2,096,141
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization	$3,185,682	$3,155,420

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