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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Revenues:    
Electric revenues $ 100,645 $ 93,028
Gas revenue 67,270 56,845
Total Operating Revenues 167,915 149,873
Operating Expenses:    
Fuel for electric generation 13,171 9,706
Purchased power 9,355 10,486
Cost of gas sold 37,444 30,798
Other operations and maintenance 45,682 44,369
Depreciation and amortization 18,382 18,167
Other general taxes 4,827 4,907
Total Operating Expenses 128,861 118,433
Operating Income 39,054 31,440
Other (expense) income, net 2,078 5,671
Interest expense, net (5,740) (6,061)
Income before income taxes 35,392 31,050
Income tax benefit (provision) (459) (5,013)
Net Income Including Noncontrolling Interest 34,933 26,037
Net Income $ 34,933 $ 26,037
Earnings per share of Common Stock - Basic $ 0.97 $ 0.75
Earnings per share of Common Stock - Diluted 0.97 0.75
Dividends per share of common stock $ 0.370 $ 0.353
Weighted Average Number Of Shares Outstanding Basic 36,163 34,668
Weighted Average Shares Outstanding - Diluted 36,165 34,668
MGE [Member]    
Operating Revenues:    
Electric revenues $ 100,645 $ 93,028
Gas revenue 67,270 56,845
Total Operating Revenues 167,915 149,873
Operating Expenses:    
Fuel for electric generation 13,171 9,706
Purchased power 9,355 10,486
Cost of gas sold 37,444 30,798
Other operations and maintenance 45,538 44,150
Depreciation and amortization 18,382 18,167
Other general taxes 4,827 4,907
Total Operating Expenses 128,717 118,214
Operating Income 39,198 31,659
Other (expense) income, net (104) 3,380
Interest expense, net (5,753) (6,111)
Income before income taxes 33,341 28,928
Income tax benefit (provision) 433 (4,371)
Net Income Including Noncontrolling Interest 33,774 24,557
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,501) (5,493)
Net Income $ 28,273 $ 19,064