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MGE Energy Inc Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Revenues:        
Electric revenues $ 97,077 $ 99,282 $ 194,546 $ 194,149
Gas revenue 25,070 24,980 95,170 87,745
Total Operating Revenues 122,147 124,262 289,716 281,894
Operating Expenses:        
Fuel for electric generation 10,403 15,251 24,320 27,151
Purchased power 11,036 12,979 21,887 30,012
Cost of gas sold 8,875 9,562 52,128 49,188
Other operations and maintenance 48,974 43,453 95,910 87,846
Depreciation and amortization 18,091 13,872 35,230 27,495
Other general taxes 4,985 4,914 9,948 9,783
Total Operating Expenses 102,364 100,031 239,423 231,475
Operating Income 19,783 24,231 50,293 50,419
Other income, net 5,019 4,731 9,870 9,650
Interest expense, net (5,749) (4,783) (11,396) (9,522)
Income before income taxes 19,053 24,179 48,767 50,547
Income tax provision (3,505) (5,828) (9,213) (12,195)
Net Income $ 15,548 $ 18,351 $ 39,554 $ 38,352
Earnings Per Share of Common Stock (basic and diluted) $ 0.45 $ 0.53 $ 1.14 $ 1.11
Dividends per share of common stock $ 0.338 $ 0.323 $ 0.675 $ 0.645
Weighted Average Shares Outstanding (basic and diluted) 34,668 34,668 34,668 34,668