Quarterly Summary of Operations

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Summary of Operations - MGE Energy (unaudited).

(In thousands, except per share amounts)		Quarters Ended
2015		March 31		June 30		September 30		December 31
Operating revenues:
Regulated electric revenues	$	98,240		99,481		121,453	$	93,354
Regulated gas revenues		69,928		20,669		17,431		35,709
Nonregulated revenues		1,966		1,976		1,911		1,910
Total Operating Revenues		170,134		122,126		140,795		130,973
Operating expenses		138,283		98,077		94,618		108,795
Operating income		31,851		24,049		46,177		22,178
Interest and other income, net		(2,986)		(2,562)		(2,472)		(3,529)
Income tax provision		(10,587)		(8,008)		(15,351)		(7,417)
Earnings on common stock	$	18,278	$	13,479	$	28,354	$	11,232
Earnings per common share	$	0.53	$	0.39	$	0.82	$	0.32
Dividends per share	$	0.283	$	0.283	$	0.295	$	0.295

2014
Operating revenues:
Regulated electric revenues	$	98,852	$	96,697	$	112,869	$	86,431
Regulated gas revenues		110,713		31,218		21,404		58,385
Nonregulated revenues		680		850		862		891
Total Operating Revenues		210,245		128,765		135,135		145,707
Operating expenses		166,274		104,324		95,015		116,141
Operating income		43,971		24,441		40,120		29,566
Interest and other income, net		11		(1,320)		(2,505)		(5,780)
Income tax provision		(16,265)		(9,034)		(14,286)		(8,600)
Earnings on common stock	$	27,717	$	14,087	$	23,329	$	15,186
Earnings per common share	$	0.80	$	0.41	$	0.67	$	0.44
Dividends per share	$	0.272	$	0.272	$	0.283	$	0.283

Notes:

• The quarterly results of operations within a year may not be comparable because of seasonal and other factors.

• The sum of earnings per share of common stock for any four quarters may vary slightly from the earnings per share of common stock for the equivalent twelve-month period due to rounding.

• MGE Energy's operations are based primarily on its utility subsidiary MGE.