v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Revenues:        
Electric revenues $ 131,594 $ 129,527 $ 263,034 $ 255,016
Gas revenue 29,601 29,925 140,864 123,406
Total Operating Revenues 161,195 159,452 403,898 378,422
Operating Expenses:        
Fuel for electric generation 12,907 16,292 33,216 33,861
Purchased power 5,813 5,562 8,280 9,940
Cost of gas sold 9,285 11,313 80,108 65,277
Other operations and maintenance 65,242 57,777 126,810 114,336
Depreciation and amortization 28,939 28,354 57,028 56,032
Other general taxes 6,375 5,931 12,670 11,888
Total Operating Expenses 128,561 125,229 318,112 291,334
Operating Income 32,634 34,223 85,786 87,088
Other income, net 14,286 3,707 25,276 6,311
Interest expense, net (9,288) (8,457) (19,093) (16,038)
Income before income taxes 37,632 29,473 91,969 77,361
Income tax provision (4,279) (2,975) (10,135) (9,271)
Net income attributed to common shareholders 33,353 26,498 81,834 68,090
Net Income $ 33,353 $ 26,498 $ 81,834 $ 68,090
Earnings per share of Common Stock - Basic $ 0.89 $ 0.73 $ 2.21 $ 1.86
Earnings per share of Common Stock - Diluted 0.89 0.72 2.21 1.86
Dividends per share of common stock $ 0.475 $ 0.45 $ 0.95 $ 0.9
Weighted Average Shares Outstanding - Basic 37,351 36,540 36,972 36,526
Weighted Average Shares Outstanding - Diluted 37,456 36,569 37,029 36,557
MGE [Member]        
Operating Revenues:        
Electric revenues $ 131,594 $ 129,527 $ 263,034 $ 255,016
Gas revenue 29,601 29,925 140,864 123,406
Total Operating Revenues 161,195 159,452 403,898 378,422
Operating Expenses:        
Fuel for electric generation 12,907 16,292 33,216 33,861
Purchased power 5,813 5,562 8,280 9,940
Cost of gas sold 9,285 11,313 80,108 65,277
Other operations and maintenance 64,863 57,489 126,099 113,751
Depreciation and amortization 28,939 28,354 57,028 56,032
Other general taxes 6,375 5,931 12,670 11,888
Total Operating Expenses 128,182 124,941 317,401 290,749
Operating Income 33,013 34,511 86,497 87,673
Other income, net 7,644 747 14,327 363
Interest expense, net (9,366) (8,554) (19,190) (16,189)
Income before income taxes 31,291 26,704 81,634 71,847
Income tax provision (3,079) (2,229) (7,709) (7,569)
Net income attributed to common shareholders 28,212 24,475 73,925 64,278
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,729) (5,714) (11,335) (11,313)
Net Income $ 22,483 $ 18,761 $ 62,590 $ 52,965