MADISON GAS & ELECTRIC CO

For the period ended Sep 30, 2026. Filed Nov 4, 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.

Sep 30, 2026 · Filed Nov 4, 2026

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,
	2026	2025	2026	2025
Operating Revenues:
Electric revenues	$172,928	$155,491	$435,962	$410,507
Gas revenues	17,469	20,188	158,333	143,594
Total Operating Revenues	190,397	175,679	594,295	554,101
Operating Expenses:
Fuel for electric generation	24,068	22,189	57,284	56,050
Purchased power	5,065	4,289	13,345	14,229
Cost of gas sold	461	4,865	80,569	70,142
Other operations and maintenance	66,947	58,325	193,757	172,661
Depreciation and amortization	29,302	28,816	86,330	84,848
Other general taxes	6,471	6,120	19,141	18,008
Total Operating Expenses	132,314	124,604	450,426	415,938
Operating Income	58,083	51,075	143,869	138,163
Other income, net	17,033	9,888	42,309	16,199
Interest expense, net	(9,368)	(8,677)	(28,461)	(24,715)
Income before income taxes	65,748	52,286	157,717	129,647
Income tax provision	(9,390)	(7,789)	(19,525)	(17,060)
Net Income	$56,358	$44,497	$138,192	$112,587
Earnings Per Share of Common Stock
Basic	$1.49	$1.22	$3.71	$3.08
Diluted	$1.48	$1.22	$3.70	$3.08
Dividends per share of common stock	$0.508	$0.475	$1.458	$1.375
Weighted Average Shares Outstanding
Basic	37,791	36,542	37,248	36,531
Diluted	38,018	36,576	37,373	36,565

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.