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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating Revenues:        
Electric revenues $ 102,076,000 $ 93,961,000 $ 202,721,000 $ 186,989,000
Gas revenue 28,654,000 23,079,000 95,924,000 79,924,000
Total Operating Revenues 130,730,000 117,040,000 298,645,000 266,913,000
Operating Expenses:        
Fuel for electric generation 10,913,000 8,692,000 24,084,000 18,398,000
Purchased power 10,913,000 10,856,000 20,268,000 21,342,000
Cost of gas sold 11,504,000 6,339,000 48,948,000 37,137,000
Other operations and maintenance 50,387,000 46,224,000 96,069,000 90,593,000
Depreciation and amortization 18,595,000 18,434,000 36,977,000 36,601,000
Other general taxes 5,025,000 4,975,000 9,852,000 9,882,000
Total Operating Expenses 107,337,000 95,520,000 236,198,000 213,953,000
Operating Income 23,393,000 21,520,000 62,447,000 52,960,000
Other (expense) income, net 6,110,000 6,925,000 8,188,000 12,596,000
Interest expense, net (5,771,000) (5,914,000) (11,511,000) (11,975,000)
Income before income taxes 23,732,000 22,531,000 59,124,000 53,581,000
Income tax benefit (provision) (881,000) (3,740,000) (1,340,000) (8,753,000)
Net Income Including Noncontrolling Interest 22,851,000 18,791,000 57,784,000 44,828,000
Net Income $ 22,851,000 $ 18,791,000 $ 57,784,000 $ 44,828,000
Earnings per share of Common Stock - Basic $ 0.63 $ 0.53 $ 1.60 $ 1.28
Earnings per share of Common Stock - Diluted 0.63 0.53 1.60 1.28
Dividends per share of common stock $ 0.37 $ 0.353 $ 0.740 $ 0.705
Weighted Average Number Of Shares Outstanding Basic 36,163,000 35,441,000 36,163,000 35,054,000
Weighted Average Shares Outstanding - Diluted 36,168,000 35,441,000 36,170,000 35,054,000
MGE [Member]        
Operating Revenues:        
Electric revenues $ 102,076,000 $ 93,961,000 $ 202,721,000 $ 186,989,000
Gas revenue 28,654,000 23,079,000 95,924,000 79,924,000
Total Operating Revenues 130,730,000 117,040,000 298,645,000 266,913,000
Operating Expenses:        
Fuel for electric generation 10,913,000 8,692,000 24,084,000 18,398,000
Purchased power 10,913,000 10,856,000 20,268,000 21,342,000
Cost of gas sold 11,504,000 6,339,000 48,948,000 37,137,000
Other operations and maintenance 50,125,000 45,893,000 95,663,000 90,043,000
Depreciation and amortization 18,595,000 18,434,000 36,977,000 36,601,000
Other general taxes 5,025,000 4,975,000 9,852,000 9,882,000
Total Operating Expenses 107,075,000 95,189,000 235,792,000 213,403,000
Operating Income 23,655,000 21,851,000 62,853,000 53,510,000
Other (expense) income, net 3,173,000 3,531,000 3,069,000 6,911,000
Interest expense, net (5,781,000) (5,935,000) (11,534,000) (12,046,000)
Income before income taxes 21,047,000 19,447,000 54,388,000 48,375,000
Income tax benefit (provision) (293,000) (3,046,000) 140,000 (7,417,000)
Net Income Including Noncontrolling Interest 20,754,000 16,401,000 54,528,000 40,958,000
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,627,000) (5,768,000) (11,128,000) (11,261,000)
Net Income $ 15,127,000 $ 10,633,000 $ 43,400,000 $ 29,697,000