XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Revenues:    
Electric revenues $ 110,127 $ 100,645
Gas revenue 98,811 67,270
Total Operating Revenues 208,938 167,915
Operating Expenses:    
Fuel for electric generation 13,485 13,171
Purchased power 12,543 9,355
Cost of gas sold 64,802 37,444
Other operations and maintenance 49,994 45,682
Depreciation and amortization 21,046 18,382
Other general taxes 5,205 4,827
Total Operating Expenses 167,075 128,861
Operating Income 41,863 39,054
Other (expense) income, net 6,972 2,078
Interest expense, net (6,571) (5,740)
Income before income taxes 42,264 35,392
Income tax (provision) benefit (7,844) (459)
Net Income Including Noncontrolling Interest 34,420 34,933
Net Income $ 34,420 $ 34,933
Earnings per share of Common Stock - Basic $ 0.95 $ 0.97
Earnings per share of Common Stock - Diluted 0.95 0.97
Dividends per share of common stock $ 0.388 $ 0.370
Weighted Average Number of Shares Outstanding, Basic 36,163 36,163
Weighted Average Shares Outstanding - Diluted 36,171 36,165
MGE [Member]    
Operating Revenues:    
Electric revenues $ 110,127 $ 100,645
Gas revenue 98,811 67,270
Total Operating Revenues 208,938 167,915
Operating Expenses:    
Fuel for electric generation 13,485 13,171
Purchased power 12,543 9,355
Cost of gas sold 64,802 37,444
Other operations and maintenance 49,746 45,538
Depreciation and amortization 21,046 18,382
Other general taxes 5,205 4,827
Total Operating Expenses 166,827 128,717
Operating Income 42,111 39,198
Other (expense) income, net 3,519 (104)
Interest expense, net (6,577) (5,753)
Income before income taxes 39,053 33,341
Income tax (provision) benefit (7,000) 433
Net Income Including Noncontrolling Interest 32,053 33,774
Less Net Income Attributable to Noncontrolling Interest, net of tax (4,756) (5,501)
Net Income $ 27,297 $ 28,273