v3.26.3
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating Revenues:        
Electric revenues $ 172,928 $ 155,491 $ 435,962 $ 410,507
Gas revenue 17,469 20,188 158,333 143,594
Total Operating Revenues 190,397 175,679 594,295 554,101
Operating Expenses:        
Fuel for electric generation 24,068 22,189 57,284 56,050
Purchased power 5,065 4,289 13,345 14,229
Cost of gas sold 461 4,865 80,569 70,142
Other operations and maintenance 66,947 58,325 193,757 172,661
Depreciation and amortization 29,302 28,816 86,330 84,848
Other general taxes 6,471 6,120 19,141 18,008
Total Operating Expenses 132,314 124,604 450,426 415,938
Operating Income 58,083 51,075 143,869 138,163
Other income, net 17,033 9,888 42,309 16,199
Interest expense, net (9,368) (8,677) (28,461) (24,715)
Income before income taxes 65,748 52,286 157,717 129,647
Income tax provision (9,390) (7,789) (19,525) (17,060)
Net income attributed to common shareholders 56,358 44,497 138,192 112,587
Net Income $ 56,358 $ 44,497 $ 138,192 $ 112,587
Earnings per share of Common Stock - Basic $ 1.49 $ 1.22 $ 3.71 $ 3.08
Earnings per share of Common Stock - Diluted 1.48 1.22 3.7 3.08
Dividends per share of common stock $ 0.508 $ 0.475 $ 1.458 $ 1.375
Weighted Average Shares Outstanding - Basic 37,791 36,542 37,248 36,531
Weighted Average Shares Outstanding - Diluted 38,018 36,576 37,373 36,565
MGE [Member]        
Operating Revenues:        
Electric revenues $ 172,928 $ 155,491 $ 435,962 $ 410,507
Gas revenue 17,469 20,188 158,333 143,594
Total Operating Revenues 190,397 175,679 594,295 554,101
Operating Expenses:        
Fuel for electric generation 24,068 22,189 57,284 56,050
Purchased power 5,065 4,289 13,345 14,229
Cost of gas sold 461 4,865 80,569 70,142
Other operations and maintenance 66,092 58,096 192,191 171,847
Depreciation and amortization 29,302 28,816 86,330 84,848
Other general taxes 6,471 6,120 19,141 18,008
Total Operating Expenses 131,459 124,375 448,860 415,124
Operating Income 58,938 51,304 145,435 138,977
Other income, net 7,959 3,393 22,286 3,756
Interest expense, net (9,420) (8,702) (28,610) (24,891)
Income before income taxes 57,477 45,995 139,111 117,842
Income tax provision (6,560) (6,236) (14,269) (13,805)
Net income attributed to common shareholders 50,917 39,759 124,842 104,037
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,764) (5,668) (17,099) (16,981)
Net Income $ 45,153 $ 34,091 $ 107,743 $ 87,056