secwatch.observer — SEC 8-K summary
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Issuer:     MGE ENERGY INC (MGEE)
CIK:        0001161728
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000950170-23-057854
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1161728/000095017023057854/0000950170-23-057854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61339/000095017023057854/mgee-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-057854

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