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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenues:    
Electric revenues $ 116,167 $ 117,291
Gas revenue 75,169 99,962
Total Operating Revenues 191,336 217,253
Operating Expenses:    
Fuel for electric generation 12,704 13,807
Purchased power 9,442 15,386
Cost of gas sold 41,877 67,847
Other operations and maintenance 53,974 49,958
Depreciation and amortization 26,600 24,611
Other general taxes 5,994 5,610
Total Operating Expenses 150,591 177,219
Operating Income 40,745 40,034
Other income, net 3,881 5,355
Interest expense, net (8,004) (7,487)
Income before income taxes 36,622 37,902
Income tax provision (2,808) (6,824)
Net Income Including Noncontrolling Interest 33,814 31,078
Net Income $ 33,814 $ 31,078
Earnings per share of Common Stock - Basic $ 0.93 $ 0.86
Earnings per share of Common Stock - Diluted 0.93 0.86
Dividends per share of common stock $ 0.428 $ 0.408
Weighted Average Shares Outstanding - Basic 36,171 36,163
Weighted Average Shares Outstanding - Diluted 36,189 36,180
MGE [Member]    
Operating Revenues:    
Electric revenues $ 116,167 $ 117,291
Gas revenue 75,169 99,962
Total Operating Revenues 191,336 217,253
Operating Expenses:    
Fuel for electric generation 12,704 13,807
Purchased power 9,442 15,386
Cost of gas sold 41,877 67,847
Other operations and maintenance 53,560 49,569
Depreciation and amortization 26,600 24,611
Other general taxes 5,994 5,610
Total Operating Expenses 150,177 176,830
Operating Income 41,159 40,423
Other income, net 1,108 2,907
Interest expense, net (8,076) (7,520)
Income before income taxes 34,191 35,810
Income tax provision (1,991) (6,167)
Net Income Including Noncontrolling Interest 32,200 29,643
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,597) (5,520)
Net Income $ 26,603 $ 24,123