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MGE Energy Inc Consolidated Statements of Common Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Beginning balance, shares at Dec. 31, 2023   36,163,000      
Beginning balance, value at Dec. 31, 2023 $ 1,140,073 $ 36,163 $ 396,750 $ 707,160 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net Income (Loss) 57,608     57,608  
Common stock dividends declared (30,930)     (30,930)  
Equity-based compensation plans and other - Shares   13,000      
Issuance of common stock, net 0        
Equity-based compensation plans and other 877 $ 13 864    
Ending balance, shares at Jun. 30, 2024   36,176,000      
Ending balance, value at Jun. 30, 2024 1,167,628 $ 36,176 397,614 733,838 0
Beginning balance, shares at Mar. 31, 2024   36,176,000      
Beginning balance, value at Mar. 31, 2024 1,158,783 $ 36,176 397,093 725,514 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net Income (Loss) 23,794     23,794  
Common stock dividends declared (15,470)     (15,470)  
Equity-based compensation plans and other 521   521    
Ending balance, shares at Jun. 30, 2024   36,176,000      
Ending balance, value at Jun. 30, 2024 1,167,628 $ 36,176 397,614 733,838 0
Beginning balance, shares at Dec. 31, 2024   36,490,000      
Beginning balance, value at Dec. 31, 2024 1,230,138 $ 36,490 429,515 764,133 0
Ending balance, shares at Mar. 31, 2025   36,537,000      
Ending balance, value at Mar. 31, 2025 1,258,913 $ 36,537 433,079 789,297 0
Beginning balance, shares at Dec. 31, 2024   36,490,000      
Beginning balance, value at Dec. 31, 2024 1,230,138 $ 36,490 429,515 764,133 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net Income (Loss) 68,090     68,090  
Common stock dividends declared $ (32,872)     (32,872)  
Stock Issued During Period, Shares, Dividend Reinvestment Plan 40,995 41,000      
Stock Issued During Period, Value, Dividend Reinvestment Plan $ 3,750 $ 41 3,709    
Equity-based compensation plans and other - Shares   11,000      
Issuance of common stock, net 3,750        
Equity-based compensation plans and other 867 $ 11 856    
Ending balance, shares at Jun. 30, 2025   36,542,000      
Ending balance, value at Jun. 30, 2025 1,269,973 $ 36,542 434,080 799,351 0
Beginning balance, shares at Mar. 31, 2025   36,537,000      
Beginning balance, value at Mar. 31, 2025 1,258,913 $ 36,537 433,079 789,297 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net Income (Loss) 26,498     26,498  
Common stock dividends declared (16,444)     (16,444)  
Stock Issued During Period, Shares, Dividend Reinvestment Plan   5,000      
Stock Issued During Period, Value, Dividend Reinvestment Plan 471 $ 5 466    
Equity-based compensation plans and other (535)   (535)    
Ending balance, shares at Jun. 30, 2025   36,542,000      
Ending balance, value at Jun. 30, 2025 $ 1,269,973 $ 36,542 $ 434,080 $ 799,351 $ 0