MGE Energy Q3 2023 EPS $1.05 vs $0.93 YoY; net income $37.9M

MGE ENERGY INC

2023-Q3 EPS reported $2.70

Q3 net income $37.9M ($1.05/diluted share) versus $33.7M ($0.93) in Q3 2022.
Operating revenues $160.5M, down from $163.4M year-over-year.
Warmer-than-normal weather boosted electric residential sales ~5% vs Q3 2022.
Electric earnings increased on rate base investments; timing of depreciation added to Q3 income.
ATC earnings rose $0.9M due to estimated loss recorded in 2022 on MISO ROE complaints.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MGE ENERGY INC reported third quarter of 2023 results: net income $37.9 million, or $1.05 per share, EPS $1.05 per share.

Period: third quarter of 2023
Net income: $37.9 million, or $1.05 per share
EPS: $1.05 per share
Result: reported results

Exact text from the filing

MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the third quarter of 2023 were $37.9 million, or $1.05 per share

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

MGE ENERGY INC filing history →

Source: SEC EDGAR

accession 0000950170-23-057854

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