MGE Energy FY2023 net income $117.7M ($3.25 EPS), up from $111.0M ($3.07 EPS) YoY

MGE ENERGY INC

2023-FY EPS reported $3.25

Full-year GAAP EPS $3.25, compared to $3.07 in 2022; Q4 EPS $0.55 vs $0.58.
Red Barn wind project completed April 2023; Badger Hollow II solar project completed December 2023.
Gas retail therm deliveries decreased ~13% for full year and ~15% in Q4 due to warmer weather.
Operating revenues $690.4M for 2023, down from $714.5M in 2022; operating income $146.4M vs $137.7M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MGE ENERGY INC reported fourth quarter and full year of 2023 results: net income $117.7 million, EPS $3.25 per share.

Period: fourth quarter and full year of 2023
Net income: $117.7 million
EPS: $3.25 per share
Result: reported results

Exact text from the filing

MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the fourth quarter and full year of 2023. MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the full year of 2023 were $117.7 million, or $3.25 per share, compared to $111.0 million, or $3.07 per share, for the same period in the prior year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MGE ENERGY INC reported fourth quarter of 2023 results: net income $20.1 million, EPS 55 cents per share.

Period: fourth quarter of 2023
Net income: $20.1 million
EPS: 55 cents per share
Result: reported results

Exact text from the filing

MGE Energy's earnings for the fourth quarter of 2023 were $20.1 million, or 55 cents per share, compared to $21.1 million, or 58 cents per share, for the same period in the prior year.

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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 0000950170-24-017707

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