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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues:        
Electric revenues $ 148,004 $ 139,104 $ 384,768 $ 378,102
Gas revenue 20,476 21,424 120,761 147,677
Total Operating Revenues 168,480 160,528 505,529 525,779
Operating Expenses:        
Fuel for electric generation 17,252 19,712 41,193 47,118
Purchased power 8,127 7,021 26,419 28,252
Cost of gas sold 4,628 5,160 52,798 80,296
Other operations and maintenance 57,129 53,997 167,833 156,004
Depreciation and amortization 27,104 25,241 80,636 74,971
Other general taxes 6,100 5,605 18,030 16,922
Total Operating Expenses 120,340 116,736 386,909 403,563
Operating Income 48,140 43,792 118,620 122,216
Other income, net 4,839 10,549 12,576 20,841
Interest expense, net (8,396) (7,654) (24,725) (22,901)
Income before income taxes 44,583 46,687 106,471 120,156
Income tax provision (3,644) (8,830) (7,924) (22,540)
Net Income Including Noncontrolling Interest 40,939 37,857 98,547 97,616
Net Income $ 40,939 $ 37,857 $ 98,547 $ 97,616
Earnings per share of Common Stock - Basic $ 1.13 $ 1.05 $ 2.72 $ 2.7
Earnings per share of Common Stock - Diluted 1.13 1.05 2.72 2.7
Dividends per share of common stock $ 0.45 $ 0.428 $ 1.305 $ 1.243
Weighted Average Shares Outstanding - Basic 36,181 36,163 36,176 36,163
Weighted Average Shares Outstanding - Diluted 36,211 36,189 36,202 36,185
MGE [Member]        
Operating Revenues:        
Electric revenues $ 148,004 $ 139,104 $ 384,768 $ 378,102
Gas revenue 20,476 21,424 120,761 147,677
Total Operating Revenues 168,480 160,528 505,529 525,779
Operating Expenses:        
Fuel for electric generation 17,252 19,712 41,193 47,118
Purchased power 8,127 7,021 26,419 28,252
Cost of gas sold 4,628 5,160 52,798 80,296
Other operations and maintenance 56,937 53,847 167,098 155,251
Depreciation and amortization 27,104 25,241 80,636 74,971
Other general taxes 6,100 5,605 18,030 16,922
Total Operating Expenses 120,148 116,586 386,174 402,810
Operating Income 48,332 43,942 119,355 122,969
Other income, net 2,025 7,824 4,267 13,985
Interest expense, net (8,527) (7,721) (25,036) (23,056)
Income before income taxes 41,830 44,045 98,586 113,898
Income tax provision (2,720) (8,093) (5,522) (20,696)
Net Income Including Noncontrolling Interest 39,110 35,952 93,064 93,202
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,777) (5,487) (17,140) (16,382)
Net Income $ 33,333 $ 30,465 $ 75,924 $ 76,820