secwatch.observer — SEC 8-K summary
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Issuer:     MGE ENERGY INC (MGEE)
CIK:        0001161728
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000950170-24-017707
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1161728/000095017024017707/0000950170-24-017707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61339/000095017024017707/mgee-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-017707

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