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MGE Energy Inc Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating Revenues:        
Electric revenues $ 100,615 $ 101,457 $ 194,305 $ 201,663
Gas revenues 20,961 20,669 74,798 90,597
Total Operating Revenues 121,576 122,126 269,103 292,260
Operating Expenses:        
Fuel for electric generation 15,049 12,677 27,062 24,569
Purchased power 14,861 21,265 29,531 44,130
Cost of gas sold 6,410 6,650 38,933 53,569
Other operations and maintenance 40,963 41,500 83,693 82,174
Depreciation and amortization 11,114 10,995 22,146 21,844
Other general taxes 4,967 4,990 9,995 10,074
Total Operating Expenses 93,364 98,077 211,360 236,360
Operating Income 28,212 24,049 57,743 55,900
Other income, net 2,179 2,446 4,621 4,551
Interest expense, net (4,957) (5,008) (9,957) (10,099)
Income before income taxes 25,434 21,487 52,407 50,352
Income tax provision (9,284) (8,008) (19,229) (18,595)
Net Income $ 16,150 $ 13,479 $ 33,178 $ 31,757
Earnings Per Share of Common Stock (basic and diluted) $ 0.47 $ 0.39 $ 0.96 $ 0.92
Dividends per share of common stock $ 0.295 $ 0.283 $ 0.590 $ 0.565
Weighted Average Shares Outstanding (basic and diluted) 34,668 34,668 34,668 34,668