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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues:        
Electric revenues $ 133,090 $ 121,853 $ 355,381 $ 324,574
Gas revenue 30,310 24,020 169,305 119,944
Total Operating Revenues 163,400 145,873 524,686 444,518
Operating Expenses:        
Fuel for electric generation 21,045 18,486 48,410 42,570
Purchased power 9,593 8,646 35,757 28,914
Cost of gas sold 14,523 8,780 100,638 57,728
Other operations and maintenance 49,194 48,494 150,714 144,563
Depreciation and amortization 21,447 18,991 63,780 55,968
Other general taxes 5,111 4,878 15,579 14,730
Total Operating Expenses 120,913 108,275 414,878 344,473
Operating Income 42,487 37,598 109,808 100,045
Other income, net 6,068 6,164 20,736 14,353
Interest expense, net (6,652) (6,079) (19,686) (17,591)
Income before income taxes 41,903 37,683 110,858 96,807
Income tax provision (8,183) (2,766) (20,957) (4,106)
Net Income Including Noncontrolling Interest 33,720 34,917 89,901 92,701
Net Income $ 33,720 $ 34,917 $ 89,901 $ 92,701
Earnings per share of Common Stock - Basic $ 0.93 $ 0.97 $ 2.49 $ 2.56
Earnings per share of Common Stock - Diluted 0.93 0.97 2.49 2.56
Dividends per share of common stock $ 0.408 $ 0.388 $ 1.183 $ 1.128
Weighted Average Number of Shares Outstanding, Basic 36,163 36,163 36,163 36,163
Weighted Average Shares Outstanding - Diluted 36,176 36,170 36,174 36,176
MGE [Member]        
Operating Revenues:        
Electric revenues $ 133,090 $ 121,853 $ 355,381 $ 324,574
Gas revenue 30,310 24,020 169,305 119,944
Total Operating Revenues 163,400 145,873 524,686 444,518
Operating Expenses:        
Fuel for electric generation 21,045 18,486 48,410 42,570
Purchased power 9,593 8,646 35,757 28,914
Cost of gas sold 14,523 8,780 100,638 57,728
Other operations and maintenance 48,989 48,315 150,024 143,978
Depreciation and amortization 21,447 18,991 63,780 55,968
Other general taxes 5,106 4,878 15,573 14,730
Total Operating Expenses 120,703 108,096 414,182 343,888
Operating Income 42,697 37,777 110,504 100,630
Other income, net 4,430 3,306 12,467 6,375
Interest expense, net (6,662) (6,089) (19,709) (17,623)
Income before income taxes 40,465 34,994 103,262 89,382
Income tax provision (7,664) (1,993) (18,781) (1,853)
Net Income Including Noncontrolling Interest 32,801 33,001 84,481 87,529
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,603) (5,627) (15,947) (16,755)
Net Income $ 27,198 $ 27,374 $ 68,534 $ 70,774