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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenues:        
Electric revenues $ 129,527 $ 120,597 $ 255,016 $ 236,764
Gas revenue 29,925 25,116 123,406 100,285
Total Operating Revenues 159,452 145,713 378,422 337,049
Operating Expenses:        
Fuel for electric generation 16,292 11,237 33,861 23,941
Purchased power 5,562 8,850 9,940 18,292
Cost of gas sold 11,313 6,293 65,277 48,170
Other operations and maintenance 57,777 56,730 114,336 110,704
Depreciation and amortization 28,354 26,932 56,032 53,532
Other general taxes 5,931 5,936 11,888 11,930
Total Operating Expenses 125,229 115,978 291,334 266,569
Operating Income 34,223 29,735 87,088 70,480
Other income, net 3,707 3,856 6,311 7,737
Interest expense, net (8,457) (8,325) (16,038) (16,329)
Income before income taxes 29,473 25,266 77,361 61,888
Income tax provision (2,975) (1,472) (9,271) (4,280)
Net Income Including Noncontrolling Interest 26,498 23,794 68,090 57,608
Net Income $ 26,498 $ 23,794 $ 68,090 $ 57,608
Earnings per share of Common Stock - Basic $ 0.73 $ 0.66 $ 1.86 $ 1.59
Earnings per share of Common Stock - Diluted 0.72 0.66 1.86 1.59
Dividends per share of common stock $ 0.45 $ 0.428 $ 0.9 $ 0.855
Weighted Average Shares Outstanding - Basic 36,540 36,176 36,526 36,173
Weighted Average Shares Outstanding - Diluted 36,569 36,197 36,557 36,196
MGE [Member]        
Operating Revenues:        
Electric revenues $ 129,527 $ 120,597 $ 255,016 $ 236,764
Gas revenue 29,925 25,116 123,406 100,285
Total Operating Revenues 159,452 145,713 378,422 337,049
Operating Expenses:        
Fuel for electric generation 16,292 11,237 33,861 23,941
Purchased power 5,562 8,850 9,940 18,292
Cost of gas sold 11,313 6,293 65,277 48,170
Other operations and maintenance 57,489 56,601 113,751 110,161
Depreciation and amortization 28,354 26,932 56,032 53,532
Other general taxes 5,931 5,936 11,888 11,930
Total Operating Expenses 124,941 115,849 290,749 266,026
Operating Income 34,511 29,864 87,673 71,023
Other income, net 747 1,134 363 2,242
Interest expense, net (8,554) (8,433) (16,189) (16,509)
Income before income taxes 26,704 22,565 71,847 56,756
Income tax provision (2,229) (811) (7,569) (2,802)
Net Income Including Noncontrolling Interest 24,475 21,754 64,278 53,954
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,714) (5,766) (11,313) (11,363)
Net Income $ 18,761 $ 15,988 $ 52,965 $ 42,591