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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, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating Revenues:        
Regulated electric revenues $ 99,481 $ 96,697 $ 197,721 $ 195,549
Regulated gas revenues 20,669 31,218 90,597 141,931
Nonregulated revenues 1,976 850 3,942 1,530
Total Operating Revenues 122,126 128,765 292,260 339,010
Operating Expenses:        
Fuel for electric generation 12,677 11,866 24,569 25,998
Purchased power 21,265 18,921 44,130 37,476
Cost of gas sold 6,650 18,132 53,569 96,640
Other operations and maintenance 41,500 40,208 82,174 80,680
Depreciation and amortization 10,995 10,069 21,844 19,815
Other general taxes 4,990 5,128 10,074 9,989
Total Operating Expenses 98,077 104,324 236,360 270,598
Operating Income 24,049 24,441 55,900 68,412
Other income, net 2,446 3,548 4,551 8,100
Interest expense, net (5,008) (4,868) (10,099) (9,409)
Income before income taxes 21,487 23,121 50,352 67,103
Income tax provision (8,008) (9,034) (18,595) (25,299)
Net Income (Loss) $ 13,479 $ 14,087 $ 31,757 $ 41,804
Earnings Per Share of Common Stock (basic and diluted) $ 0.39 $ 0.41 $ 0.92 $ 1.21
Dividends per share of common stock $ 0.283 $ 0.272 $ 0.565 $ 0.543
Weighted Average Shares Outstanding (basic and diluted) 34,668 34,668 34,668 34,668