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MGE Energy Inc Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating Revenues:        
Electric revenues $ 120,761 $ 119,147 $ 321,540 $ 313,452
Gas revenues 18,778 17,570 101,285 92,368
Total Operating Revenues 139,539 136,717 422,825 405,820
Operating Expenses:        
Fuel for electric generation 15,829 20,505 39,938 47,567
Purchased power 15,984 9,167 48,058 38,698
Cost of gas sold 5,094 4,314 50,109 43,247
Other operations and maintenance 41,529 40,146 128,143 123,839
Depreciation and amortization 13,372 11,212 39,606 33,358
Other general taxes 4,730 4,846 14,509 14,841
Total Operating Expenses 96,538 90,190 320,363 301,550
Operating Income 43,001 46,527 102,462 104,270
Other income, net 3,939 2,105 9,004 6,726
Interest expense, net (4,727) (5,038) (14,507) (14,995)
Income before income taxes 42,213 43,594 96,959 96,001
Income tax provision (15,584) (15,714) (35,487) (34,943)
Net Income $ 26,629 $ 27,880 $ 61,472 $ 61,058
Earnings Per Share of Common Stock (basic and diluted) $ 0.77 $ 0.80 $ 1.77 $ 1.76
Dividends per share of common stock $ 0.323 $ 0.308 $ 0.938 $ 0.898
Weighted Average Shares Outstanding (basic and diluted) 34,668 34,668 34,668 34,668