MGE Energy Q3 GAAP EPS $0.93 vs $0.97 YoY; revenue up 12% to $163.4M

MGE ENERGY INC

2022-Q3 EPS reported $2.49

GAAP EPS $0.93 vs $0.97 Q3 2021; net income $33.7M vs $34.9M.
Operating revenues $163.4M, up from $145.9M; operating income $42.5M vs $37.6M.
Badger Hollow Solar Farm phase 2 expected H1 2023; carbon reduction target 80% by 2030.
ATC investment earnings down $0.7M due to possible loss from MISO ROE complaints.
Gas net income relatively flat YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MGE ENERGY INC reported the nine months ended September 30, 2022 results: revenue $524,686, net income $89,901, EPS $2.49.

Period: the nine months ended September 30, 2022
Revenue: $524,686
Net income: $89,901
EPS: $2.49
Result: reported results

Exact text from the filing

Nine Months Ended September 30, 2022 2021 Operating revenues $ 524,686 $ 444,518 Operating income $ 109,808 $ 100,045 Net income $ 89,901 $ 92,701 Earnings per share - basic $ 2.49 $ 2.56

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MGE ENERGY INC reported the third quarter of 2022 results: revenue $163,400, net income $33,720, EPS $0.93.

Period: the third quarter of 2022
Revenue: $163,400
Net income: $33,720
EPS: $0.93
Result: reported results

Exact text from the filing

Three Months Ended September 30, 2022 2021 Operating revenues $ 163,400 $ 145,873 Operating income $ 42,487 $ 37,598 Net income $ 33,720 $ 34,917 Earnings per share - basic $ 0.93 $ 0.97

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

MGE ENERGY INC filing history →

Source: SEC EDGAR

accession 0000950170-22-021655

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