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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenues:    
Electric revenues $ 117,291 $ 110,127
Gas revenue 99,962 98,811
Total Operating Revenues 217,253 208,938
Operating Expenses:    
Fuel for electric generation 13,807 13,485
Purchased power 15,386 12,543
Cost of gas sold 67,847 64,802
Other operations and maintenance 49,958 49,994
Depreciation and amortization 24,611 21,046
Other general taxes 5,610 5,205
Total Operating Expenses 177,219 167,075
Operating Income 40,034 41,863
Other income, net 5,355 6,972
Interest expense, net (7,487) (6,571)
Income before income taxes 37,902 42,264
Income tax provision (6,824) (7,844)
Net Income Including Noncontrolling Interest 31,078 34,420
Net Income $ 31,078 $ 34,420
Earnings per share of Common Stock - Basic $ 0.86 $ 0.95
Earnings per share of Common Stock - Diluted 0.86 0.95
Dividends per share of common stock $ 0.408 $ 0.388
Weighted Average Shares Outstanding - Basic 36,163 36,163
Weighted Average Shares Outstanding - Diluted 36,180 36,171
MGE [Member]    
Operating Revenues:    
Electric revenues $ 117,291 $ 110,127
Gas revenue 99,962 98,811
Total Operating Revenues 217,253 208,938
Operating Expenses:    
Fuel for electric generation 13,807 13,485
Purchased power 15,386 12,543
Cost of gas sold 67,847 64,802
Other operations and maintenance 49,569 49,746
Depreciation and amortization 24,611 21,046
Other general taxes 5,610 5,205
Total Operating Expenses 176,830 166,827
Operating Income 40,423 42,111
Other income, net 2,907 3,519
Interest expense, net (7,520) (6,577)
Income before income taxes 35,810 39,053
Income tax provision (6,167) (7,000)
Net Income Including Noncontrolling Interest 29,643 32,053
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,520) (4,756)
Net Income $ 24,123 $ 27,297