Quarterly Summary of Operations

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Summary of Operations - MGE Energy (unaudited).

(In thousands, except per share amounts)		Quarters Ended
2016		March 31		June 30		September 30		December 31
Operating revenues:
Electric revenues	$	93,690	$	100,615	$	119,147	$	96,750
Gas revenues		53,837		20,961		17,570		42,175
Total Operating Revenues		147,527		121,576		136,717		138,925
Operating expenses		117,996		93,364		90,190		114,967
Operating income		29,531		28,212		46,527		23,958
Interest and other income, net		(2,558)		(2,778)		(2,933)		(1,886)
Income tax provision		(9,945)		(9,284)		(15,714)		(7,570)
Earnings on common stock	$	17,028	$	16,150	$	27,880	$	14,502
Earnings per common share	$	0.49	$	0.47	$	0.80	$	0.42
Dividends per share	$	0.295	$	0.295	$	0.308	$	0.308

2015
Operating revenues:
Electric revenues	$	100,206	$	101,457	$	123,364	$	95,264
Gas revenues		69,928		20,669		17,431		35,709
Total Operating Revenues		170,134		122,126		140,795		130,973
Operating expenses		138,283		98,077		94,618		108,795
Operating income		31,851		24,049		46,177		22,178
Interest and other income, net		(2,986)		(2,562)		(2,472)		(3,529)
Income tax provision		(10,587)		(8,008)		(15,351)		(7,417)
Earnings on common stock	$	18,278	$	13,479	$	28,354	$	11,232
Earnings per common share	$	0.53	$	0.39	$	0.82	$	0.32
Dividends per share	$	0.283	$	0.283	$	0.295	$	0.295

Notes:

• The quarterly results of operations within a year may not be comparable because of seasonal and other factors.

• The sum of earnings per share of common stock for any four quarters may vary slightly from the earnings per share of common stock for the equivalent twelve-month period due to rounding.

• MGE Energy's operations are based primarily on its utility subsidiary MGE.