v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Revenues:    
Electric revenues $ 131,440 $ 125,489
Gas revenue 111,263 93,481
Total Operating Revenues 242,703 218,970
Operating Expenses:    
Fuel for electric generation 20,309 17,569
Purchased power 2,467 4,378
Cost of gas sold 70,823 53,964
Other operations and maintenance 61,568 56,559
Depreciation and amortization 28,089 27,678
Other general taxes 6,295 5,957
Total Operating Expenses 189,551 166,105
Operating Income 53,152 52,865
Other income, net 10,990 2,604
Interest expense, net (9,805) (7,581)
Income before income taxes 54,337 47,888
Income tax provision (5,856) (6,296)
Net Income Including Noncontrolling Interest 48,481 41,592
Net Income $ 48,481 $ 41,592
Earnings per share of Common Stock - Basic $ 1.32 $ 1.14
Earnings per share of Common Stock - Diluted 1.32 1.14
Dividends per share of common stock $ 0.475 $ 0.45
Weighted Average Shares Outstanding - Basic 36,590 36,511
Weighted Average Shares Outstanding - Diluted 36,620 36,539
MGE [Member]    
Operating Revenues:    
Electric revenues $ 131,440 $ 125,489
Gas revenue 111,263 93,481
Total Operating Revenues 242,703 218,970
Operating Expenses:    
Fuel for electric generation 20,309 17,569
Purchased power 2,467 4,378
Cost of gas sold 70,823 53,964
Other operations and maintenance 61,236 56,262
Depreciation and amortization 28,089 27,678
Other general taxes 6,295 5,957
Total Operating Expenses 189,219 165,808
Operating Income 53,484 53,162
Other income, net 6,683 (384)
Interest expense, net (9,824) (7,635)
Income before income taxes 50,343 45,143
Income tax provision (4,630) (5,340)
Net Income Including Noncontrolling Interest 45,713 39,803
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,606) (5,599)
Net Income $ 40,107 $ 34,204