secwatch.observer — SEC 8-K summary
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Issuer:     MGE ENERGY INC (MGEE)
CIK:        0001161728
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000950170-23-017554
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGE Energy Q1 GAAP EPS $0.86 vs $0.95 YoY; warmer weather cuts sales
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- Q1 net income $31.1M ($0.86 diluted EPS) vs $34.4M ($0.95) YoY.
- Operating revenues $217.3M, up 4% from $208.9M in prior year.
- Gas retail sales fell 14% and electric residential fell 7% vs Q1 2022.
- Heating degree days 14% warmer than 2022; Jan 2023 avg temp 27°F vs 15°F in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1161728/000095017023017554/0000950170-23-017554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61339/000095017023017554/mgee-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017554

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer