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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenues:        
Electric revenues $ 121,707 $ 112,164 $ 238,998 $ 222,291
Gas revenue 26,291 40,184 126,253 138,995
Total Operating Revenues 147,998 152,348 365,251 361,286
Operating Expenses:        
Fuel for electric generation 13,599 13,880 27,406 27,365
Purchased power 5,845 13,621 21,231 26,164
Cost of gas sold 7,289 21,313 75,136 86,115
Other operations and maintenance 52,049 51,526 102,007 101,520
Depreciation and amortization 25,119 21,287 49,730 42,333
Other general taxes 5,707 5,263 11,317 10,468
Total Operating Expenses 109,608 126,890 286,827 293,965
Operating Income 38,390 25,458 78,424 67,321
Other income, net 4,937 7,696 10,292 14,668
Interest expense, net (7,760) (6,463) (15,247) (13,034)
Income before income taxes 35,567 26,691 73,469 68,955
Income tax provision (6,886) (4,930) (13,710) (12,774)
Net Income Including Noncontrolling Interest 28,681 21,761 59,759 56,181
Net Income $ 28,681 $ 21,761 $ 59,759 $ 56,181
Earnings per share of Common Stock - Basic $ 0.79 $ 0.6 $ 1.65 $ 1.55
Earnings per share of Common Stock - Diluted 0.79 0.6 1.65 1.55
Dividends per share of common stock $ 0.408 $ 0.388 $ 0.815 $ 0.775
Weighted Average Shares Outstanding - Basic 36,163 36,163 36,163 36,163
Weighted Average Shares Outstanding - Diluted 36,186 36,174 36,183 36,173
MGE [Member]        
Operating Revenues:        
Electric revenues $ 121,707 $ 112,164 $ 238,998 $ 222,291
Gas revenue 26,291 40,184 126,253 138,995
Total Operating Revenues 147,998 152,348 365,251 361,286
Operating Expenses:        
Fuel for electric generation 13,599 13,880 27,406 27,365
Purchased power 5,845 13,621 21,231 26,164
Cost of gas sold 7,289 21,313 75,136 86,115
Other operations and maintenance 51,835 51,289 101,404 101,034
Depreciation and amortization 25,119 21,287 49,730 42,333
Other general taxes 5,707 5,263 11,317 10,468
Total Operating Expenses 109,394 126,653 286,224 293,479
Operating Income 38,604 25,695 79,027 67,807
Other income, net 3,254 4,519 6,161 8,037
Interest expense, net (7,815) (6,470) (15,335) (13,047)
Income before income taxes 34,043 23,744 69,853 62,797
Income tax provision (6,436) (4,117) (12,603) (11,117)
Net Income Including Noncontrolling Interest 27,607 19,627 57,250 51,680
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,375) (5,588) (10,895) (10,344)
Net Income $ 22,232 $ 14,039 $ 46,355 $ 41,336