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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues:        
Electric revenues $ 112,164 $ 102,076 $ 222,291 $ 202,721
Gas revenue 40,184 28,654 138,995 95,924
Total Operating Revenues 152,348 130,730 361,286 298,645
Operating Expenses:        
Fuel for electric generation 13,880 10,913 27,365 24,084
Purchased power 13,621 10,913 26,164 20,268
Cost of gas sold 21,313 11,504 86,115 48,948
Other operations and maintenance 51,526 50,387 101,520 96,069
Depreciation and amortization 21,287 18,595 42,333 36,977
Other general taxes 5,263 5,025 10,468 9,852
Total Operating Expenses 126,890 107,337 293,965 236,198
Operating Income 25,458 23,393 67,321 62,447
Other (expense) income, net 7,696 6,110 14,668 8,188
Interest expense, net (6,463) (5,771) (13,034) (11,511)
Income before income taxes 26,691 23,732 68,955 59,124
Income tax (provision) benefit (4,930) (881) (12,774) (1,340)
Net Income Including Noncontrolling Interest 21,761 22,851 56,181 57,784
Net Income $ 21,761 $ 22,851 $ 56,181 $ 57,784
Earnings per share of Common Stock - Basic $ 0.60 $ 0.63 $ 1.55 $ 1.60
Earnings per share of Common Stock - Diluted 0.60 0.63 1.55 1.60
Dividends per share of common stock $ 0.388 $ 0.370 $ 0.775 $ 0.740
Weighted Average Number of Shares Outstanding, Basic 36,163 36,163 36,163 36,163
Weighted Average Shares Outstanding - Diluted 36,174 36,168 36,173 36,170
MGE [Member]        
Operating Revenues:        
Electric revenues $ 112,164 $ 102,076 $ 222,291 $ 202,721
Gas revenue 40,184 28,654 138,995 95,924
Total Operating Revenues 152,348 130,730 361,286 298,645
Operating Expenses:        
Fuel for electric generation 13,880 10,913 27,365 24,084
Purchased power 13,621 10,913 26,164 20,268
Cost of gas sold 21,313 11,504 86,115 48,948
Other operations and maintenance 51,289 50,125 101,034 95,663
Depreciation and amortization 21,287 18,595 42,333 36,977
Other general taxes 5,263 5,025 10,468 9,852
Total Operating Expenses 126,653 107,075 293,479 235,792
Operating Income 25,695 23,655 67,807 62,853
Other (expense) income, net 4,519 3,173 8,037 3,069
Interest expense, net (6,470) (5,781) (13,047) (11,534)
Income before income taxes 23,744 21,047 62,797 54,388
Income tax (provision) benefit (4,117) (293) (11,117) 140
Net Income Including Noncontrolling Interest 19,627 20,754 51,680 54,528
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,588) (5,627) (10,344) (11,128)
Net Income $ 14,039 $ 15,127 $ 41,336 $ 43,400