Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Information

MGE Energy operates in the following business segments: electric utility, gas utility, nonregulated energy, transmission investment, and all other. See the 2022 Annual Report on Form 10-K for additional discussion of each of these segments.

(In thousands) MGE Energy	Electric			Gas		Non-Regulated Energy		Transmission Investment		All Others			Consolidation/ Elimination			Consolidated Total
Three Months Ended March 31, 2023
Operating revenues	$	117,244		$	99,962	$	47	$	—	$	—		$	—		$	217,253
Interdepartmental revenues		(52	)		6,661		10,550		—		—			(17,159	)		—
Total operating revenues		117,192			106,623		10,597		—		—			(17,159	)		217,253
Equity in earnings of investments		—			—		—		2,611		—			—			2,611
Net income (loss)		13,314			10,759		5,570		1,899		(464	)		—			31,078
Three Months Ended March 31, 2022
Operating revenues	$	110,089		$	98,811	$	38	$	—	$	—		$	—		$	208,938
Interdepartmental revenues		118			6,121		10,315		—		—			(16,554	)		—
Total operating revenues		110,207			104,932		10,353		—		—			(16,554	)		208,938
Equity in earnings of investments		—			—		—		2,504		—			—			2,504
Net income		14,617			12,084		5,352		1,822		545			—			34,420

(In thousands) MGE	Electric			Gas		Non-Regulated Energy		Consolidation/ Elimination			Consolidated Total
Three Months Ended March 31, 2023
Operating revenues	$	117,244		$	99,962	$	47	$	—		$	217,253
Interdepartmental revenues		(52	)		6,661		10,550		(17,159	)		—
Total operating revenues		117,192			106,623		10,597		(17,159	)		217,253
Net income attributable to MGE		13,314			10,759		5,570		(5,520	)		24,123
Three Months Ended March 31, 2022
Operating revenues	$	110,089		$	98,811	$	38	$	—		$	208,938
Interdepartmental revenues		118			6,121		10,315		(16,554	)		—
Total operating revenues		110,207			104,932		10,353		(16,554	)		208,938
Net income attributable to MGE		14,617			12,084		5,352		(4,756	)		27,297