secwatch.observer — SEC 8-K summary
======================================

Issuer:     MGE ENERGY INC (MGEE)
CIK:        0001161728
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000950170-23-037783
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGE Energy Q2 2023 diluted EPS $0.79 vs $0.60 YoY; net income up to $28.7M
--------------------------------------------------------------------------

- GAAP diluted EPS $0.79, up from $0.60 in Q2 2022; net income $28.7M vs $21.8M.
- Operating income $38.4M vs $25.5M YoY despite slight revenue decline ($148.0M vs $152.3M).
- Electric earnings driven by increased rate base investments; gas net income relatively flat.
- Timing of 2023 depreciation expense and lower fuel costs boosted electric earnings.
- Capital projects including Badger Hollow and Paris solar phases expected to increase depreciation later.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1161728/000095017023037783/0000950170-23-037783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61339/000095017023037783/mgee-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037783

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