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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating Revenues:        
Electric revenues $ 120,821 $ 119,388 $ 315,367 $ 313,537
Gas revenue 17,377 18,407 112,547 106,152
Total Operating Revenues 138,198 137,795 427,914 419,689
Operating Expenses:        
Fuel for electric generation 15,901 16,793 40,221 43,944
Purchased power 9,126 13,024 31,013 43,036
Cost of gas sold 3,092 4,921 55,220 54,109
Other operations and maintenance 48,070 44,130 143,979 131,976
Depreciation and amortization 18,193 14,259 53,423 41,754
Other general taxes 5,078 4,870 15,026 14,653
Total Operating Expenses 99,460 97,997 338,882 329,472
Operating Income 38,738 39,798 89,032 90,217
Other income, net 5,204 4,330 15,074 13,980
Interest expense, net (5,831) (5,025) (17,227) (14,547)
Income before income taxes 38,111 39,103 86,879 89,650
Income tax provision (7,454) (9,597) (16,667) (21,792)
Net Income Including Noncontrolling Interest 30,657 29,506 70,212 67,858
Net Income $ 30,657 $ 29,506 $ 70,212 $ 67,858
Earnings Per Share of Common Stock (basic and diluted) $ 0.88 $ 0.85 $ 2.03 $ 1.96
Dividends per share of common stock $ 0.353 $ 0.338 $ 1.028 $ 0.983
Weighted Average Shares Outstanding (basic and diluted) 34,668 34,668 34,668 34,668
MGE [Member]        
Operating Revenues:        
Electric revenues $ 120,821 $ 119,388 $ 315,367 $ 313,537
Gas revenue 17,377 18,407 112,547 106,152
Total Operating Revenues 138,198 137,795 427,914 419,689
Operating Expenses:        
Fuel for electric generation 15,901 16,793 40,221 43,944
Purchased power 9,126 13,024 31,013 43,036
Cost of gas sold 3,092 4,921 55,220 54,109
Other operations and maintenance 47,947 43,987 143,282 131,175
Depreciation and amortization 18,193 14,259 53,423 41,754
Other general taxes 5,078 4,870 15,026 14,653
Total Operating Expenses 99,337 97,854 338,185 328,671
Operating Income 38,861 39,941 89,729 91,018
Other income, net 2,672 2,592 7,837 7,402
Interest expense, net (6,095) (5,500) (18,223) (15,727)
Income before income taxes 35,438 37,033 79,343 82,693
Income tax provision (6,687) (9,117) (14,579) (19,918)
Net Income Including Noncontrolling Interest 28,751 27,916 64,764 62,775
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,614) (5,629) (16,725) (16,940)
Net Income $ 23,137 $ 22,287 $ 48,039 $ 45,835