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MGE Energy Inc Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Revenues:    
Electric revenues $ 94,867 $ 98,397
Gas revenues 62,765 58,426
Total Operating Revenues 157,632 156,823
Operating Expenses:    
Fuel for electric generation 11,900 12,199
Purchased power 17,033 15,354
Cost of gas sold 39,626 35,784
Other operations and maintenance 44,393 43,764
Depreciation and amortization 13,623 12,959
Other general taxes 4,869 4,927
Total Operating Expenses 131,444 124,987
Operating Income 26,188 31,836
Other income, net 4,919 3,525 [1]
Interest expense, net (4,739) (4,894)
Income before income taxes 26,368 30,467
Income tax provision (6,367) (11,167)
Net Income $ 20,001 $ 19,300
Earnings Per Share of Common Stock (basic and diluted) $ 0.58 $ 0.56
Dividends per share of common stock $ 0.323 $ 0.308
Weighted Average Shares Outstanding (basic and diluted) 34,668 34,668
[1]
Reflects retrospective application of new accounting pronouncement related to pension and other postretirement benefits, see Footnote 2 for further information.