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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues:        
Electric revenues $ 93,961,000 $ 97,077,000 $ 186,989,000 $ 194,546,000
Gas revenue 23,079,000 25,070,000 79,924,000 95,170,000
Total Operating Revenues 117,040,000 122,147,000 266,913,000 289,716,000
Operating Expenses:        
Fuel for electric generation 8,692,000 10,403,000 18,398,000 24,320,000
Purchased power 10,856,000 11,036,000 21,342,000 21,887,000
Cost of gas sold 6,339,000 8,875,000 37,137,000 52,128,000
Other operations and maintenance 46,224,000 48,974,000 90,593,000 95,910,000
Depreciation and amortization 18,434,000 18,091,000 36,601,000 35,230,000
Other general taxes 4,975,000 4,985,000 9,882,000 9,948,000
Total Operating Expenses 95,520,000 102,364,000 213,953,000 239,423,000
Operating Income 21,520,000 19,783,000 52,960,000 50,293,000
Other income, net 6,925,000 5,019,000 12,596,000 9,870,000
Interest expense, net (5,914,000) (5,749,000) (11,975,000) (11,396,000)
Income before income taxes 22,531,000 19,053,000 53,581,000 48,767,000
Income tax provision (3,740,000) (3,505,000) (8,753,000) (9,213,000)
Net Income Including Noncontrolling Interest 18,791,000 15,548,000 44,828,000 39,554,000
Net Income $ 18,791,000 $ 15,548,000 $ 44,828,000 $ 39,554,000
Earnings Per Share of Common Stock (basic and diluted) $ 0.53 $ 0.45 $ 1.28 $ 1.14
Dividends per share of common stock $ 0.353 $ 0.338 $ 0.705 $ 0.675
Weighted Average Shares Outstanding (basic and diluted) 35,441 34,668 35,054 34,668
MGE [Member]        
Operating Revenues:        
Electric revenues $ 93,961,000 $ 97,077,000 $ 186,989,000 $ 194,546,000
Gas revenue 23,079,000 25,070,000 79,924,000 95,170,000
Total Operating Revenues 117,040,000 122,147,000 266,913,000 289,716,000
Operating Expenses:        
Fuel for electric generation 8,692,000 10,403,000 18,398,000 24,320,000
Purchased power 10,856,000 11,036,000 21,342,000 21,887,000
Cost of gas sold 6,339,000 8,875,000 37,137,000 52,128,000
Other operations and maintenance 45,893,000 48,673,000 90,043,000 95,335,000
Depreciation and amortization 18,434,000 18,091,000 36,601,000 35,230,000
Other general taxes 4,975,000 4,985,000 9,882,000 9,948,000
Total Operating Expenses 95,189,000 102,063,000 213,403,000 238,848,000
Operating Income 21,851,000 20,084,000 53,510,000 50,868,000
Other income, net 3,531,000 2,958,000 6,911,000 5,165,000
Interest expense, net (5,935,000) (6,133,000) (12,046,000) (12,128,000)
Income before income taxes 19,447,000 16,909,000 48,375,000 43,905,000
Income tax provision (3,046,000) (2,966,000) (7,417,000) (7,892,000)
Net Income Including Noncontrolling Interest 16,401,000 13,943,000 40,958,000 36,013,000
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,768,000) (5,621,000) (11,261,000) (11,111,000)
Net Income $ 10,633,000 $ 8,322,000 $ 29,697,000 $ 24,902,000