---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057854"
form_type: "8-K"
ticker: "MGEE"
cik: "0001161728"
company_name: "MGE ENERGY INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:25:49.231872+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-057854
- form_type: 8-K
- ticker: MGEE
- cik: 0001161728
- company_name: MGE ENERGY INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1161728/000095017023057854/0000950170-23-057854-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61339/000095017023057854/mgee-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057854
- JSON: https://secwatch.observer/filing/0000950170-23-057854.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057854.txt

## Key facts
- Earnings Releases
  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
  source text: MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the third quarter of 2023 were $37.9 million, or $1.05 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161728/000095017023057854/0000950170-23-057854-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.