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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating Revenues:        
Electric revenues $ 121,853 $ 116,568 $ 324,574 $ 303,556
Gas revenue 24,020 18,643 119,944 98,568
Total Operating Revenues 145,873 135,211 444,518 402,124
Operating Expenses:        
Fuel for electric generation 18,486 12,945 42,570 31,343
Purchased power 8,646 10,708 28,914 32,050
Cost of gas sold 8,780 3,812 57,728 40,950
Other operations and maintenance 48,494 45,819 144,563 136,412
Depreciation and amortization 18,991 18,592 55,968 55,193
Other general taxes 4,878 5,010 14,730 14,892
Total Operating Expenses 108,275 96,886 344,473 310,840
Operating Income 37,598 38,325 100,045 91,284
Other (expense) income, net 6,164 6,534 14,353 19,131
Interest expense, net (6,079) (5,765) (17,591) (17,740)
Income before income taxes 37,683 39,094 96,807 92,675
Income tax benefit (provision) (2,766) (7,300) (4,106) (16,053)
Net Income Including Noncontrolling Interest 34,917 31,794 92,701 76,622
Net Income $ 34,917 $ 31,794 $ 92,701 $ 76,622
Earnings per share of Common Stock - Basic $ 0.97 $ 0.88 $ 2.56 $ 2.16
Earnings per share of Common Stock - Diluted 0.97 0.88 2.56 2.16
Dividends per share of common stock $ 0.388 $ 0.370 $ 1.128 $ 1.075
Weighted Average Number Of Shares Outstanding Basic 36,163 36,163 36,163 35,427
Weighted Average Shares Outstanding - Diluted 36,170 36,163 36,176 35,427
MGE [Member]        
Operating Revenues:        
Electric revenues $ 121,853 $ 116,568 $ 324,574 $ 303,556
Gas revenue 24,020 18,643 119,944 98,568
Total Operating Revenues 145,873 135,211 444,518 402,124
Operating Expenses:        
Fuel for electric generation 18,486 12,945 42,570 31,343
Purchased power 8,646 10,708 28,914 32,050
Cost of gas sold 8,780 3,812 57,728 40,950
Other operations and maintenance 48,315 45,591 143,978 135,634
Depreciation and amortization 18,991 18,592 55,968 55,193
Other general taxes 4,878 5,010 14,730 14,892
Total Operating Expenses 108,096 96,658 343,888 310,062
Operating Income 37,777 38,553 100,630 92,062
Other (expense) income, net 3,306 4,093 6,375 11,005
Interest expense, net (6,089) (5,802) (17,623) (17,848)
Income before income taxes 34,994 36,844 89,382 85,219
Income tax benefit (provision) (1,993) (6,611) (1,853) (14,028)
Net Income Including Noncontrolling Interest 33,001 30,233 87,529 71,191
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,627) (5,493) (16,755) (16,754)
Net Income $ 27,374 $ 24,740 $ 70,774 $ 54,437