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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenues:      
Electric revenues $ 498,357 $ 490,419 $ 465,847
Gas revenue 178,587 200,012 248,672
Total Operating Revenues 676,944 690,431 714,519
Operating Expenses:      
Fuel for electric generation 53,994 57,627 61,329
Purchased power 32,852 41,224 46,821
Cost of gas sold 82,693 106,647 152,570
Other operations and maintenance 228,576 215,891 209,875
Depreciation and amortization 108,581 100,352 85,549
Other general taxes 23,986 22,305 20,632
Total Operating Expenses 530,682 544,046 576,776
Operating Income 146,262 146,385 137,743
Other income, net 17,833 29,546 26,080
Interest (expense) income, net (32,930) (30,429) (26,647)
Income before income taxes 131,165 145,502 137,176
Income tax provision (10,596) (27,803) (26,224)
Net Income Including Noncontrolling Interest 120,569 117,699 110,952
Net Income $ 120,569 $ 117,699 $ 110,952
Earnings Per Share of Common Stock, Basic $ 3.33 $ 3.25 $ 3.07
Earnings Per Share of Common Stock, Diluted 3.33 3.25 3.07
Dividends per share of common stock $ 1.76 $ 1.67 $ 1.59
Weighted Average Shares Outstanding, Basic 36,210 36,163 36,163
Weighted Average Shares Outstanding, Diluted 36,239 36,186 36,174
MGE [Member]      
Operating Revenues:      
Electric revenues $ 498,357 $ 490,419 $ 465,847
Gas revenue 178,587 200,012 248,672
Total Operating Revenues 676,944 690,431 714,519
Operating Expenses:      
Fuel for electric generation 53,994 57,627 61,329
Purchased power 32,852 41,224 46,821
Cost of gas sold 82,693 106,647 152,570
Other operations and maintenance 227,671 214,897 209,007
Depreciation and amortization 108,581 100,352 85,549
Other general taxes 23,986 22,301 20,627
Total Operating Expenses 529,777 543,048 575,903
Operating Income 147,167 147,383 138,616
Other income, net 5,885 21,365 17,626
Interest (expense) income, net (33,369) (30,651) (26,687)
Income before income taxes 119,683 138,097 129,555
Income tax provision (7,384) (25,727) (24,063)
Net Income Including Noncontrolling Interest 112,299 112,370 105,492
Less Net Income Attributable to Noncontrolling Interest, net of tax (22,855) (21,868) (21,576)
Net Income $ 89,444 $ 90,502 $ 83,916