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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Revenues:    
Electric revenues $ 93,028 $ 97,469
Gas revenue 56,845 70,100
Total Operating Revenues 149,873 167,569
Operating Expenses:    
Fuel for electric generation 9,706 13,917
Purchased power 10,486 10,851
Cost of gas sold 30,798 43,253
Other operations and maintenance 44,369 46,934
Depreciation and amortization 18,167 17,139
Other general taxes 4,907 4,963
Total Operating Expenses 118,433 137,057
Operating Income 31,440 30,512
Other income, net 5,671 4,851
Interest expense, net (6,061) (5,647)
Income before income taxes 31,050 29,716
Income tax provision (5,013) (5,709)
Net Income Including Noncontrolling Interest 26,037 24,007
Net Income $ 26,037 $ 24,007
Earnings Per Share of Common Stock (basic and diluted) $ 0.75 $ 0.69
Dividends per share of common stock $ 0.353 $ 0.338
Weighted Average Shares Outstanding (basic and diluted) 34,668 34,668
MGE [Member]    
Operating Revenues:    
Electric revenues $ 93,028 $ 97,469
Gas revenue 56,845 70,100
Total Operating Revenues 149,873 167,569
Operating Expenses:    
Fuel for electric generation 9,706 13,917
Purchased power 10,486 10,851
Cost of gas sold 30,798 43,253
Other operations and maintenance 44,150 46,662
Depreciation and amortization 18,167 17,139
Other general taxes 4,907 4,963
Total Operating Expenses 118,214 136,785
Operating Income 31,659 30,784
Other income, net 3,380 2,207
Interest expense, net (6,111) (5,995)
Income before income taxes 28,928 26,996
Income tax provision (4,371) (4,926)
Net Income Including Noncontrolling Interest 24,557 22,070
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,493) (5,490)
Net Income $ 19,064 $ 16,580