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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, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating Revenues:        
Electric revenues $ 102,382 $ 100,615 $ 200,779 $ 194,305
Gas revenues 24,081 20,961 82,507 74,798
Total Operating Revenues 126,463 121,576 283,286 269,103
Operating Expenses:        
Fuel for electric generation 11,910 15,049 24,109 27,062
Purchased power 16,720 14,861 32,074 29,531
Cost of gas sold 9,231 6,410 45,015 38,933
Other operations and maintenance 43,924 40,963 86,614 83,693
Depreciation and amortization 13,275 11,114 26,234 22,146
Other general taxes 4,852 4,967 9,779 9,995
Total Operating Expenses 99,912 93,364 223,825 211,360
Operating Income 26,551 28,212 59,461 57,743
Other income, net 2,614 2,179 5,065 4,621
Interest expense, net (4,886) (4,957) (9,780) (9,957)
Income before income taxes 24,279 25,434 54,746 52,407
Income tax provision (8,736) (9,284) (19,903) (19,229)
Net Income $ 15,543 $ 16,150 $ 34,843 $ 33,178
Earnings Per Share of Common Stock (basic and diluted) $ 0.45 $ 0.47 $ 1.01 $ 0.96
Dividends per share of common stock $ 0.308 $ 0.295 $ 0.615 $ 0.590
Weighted Average Shares Outstanding (basic and diluted) 34,668 34,668 34,668 34,668