MGE Energy Q1 2024 EPS $0.93 vs $0.86 YoY; net income $33.8M

MGE ENERGY INC

2024-Q1 EPS reported $0.93

GAAP EPS $0.93, up 8% from $0.86 in Q1 2023; net income $33.8M vs $31.1M.
Operating revenues $191.3M, down 12% from $217.3M due to lower gas revenues.
Operating income $40.7M, up slightly from $40.0M on higher electric rate base investments.
Electric net income increased $2.5M; gas net income relatively flat despite warm February.

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 0.95

MGE ENERGY INC reported first quarter of 2024 results: revenue $191,336, net income $33,814, EPS $0.93.

Period: first quarter of 2024
Revenue: $191,336
Net income: $33,814
EPS: $0.93
Result: reported results

Exact text from the filing

flat compared to the first quarter of 2023. MGE Energy, Inc. (In thousands, except per-share amounts) (Unaudited) Three Months Ended March 31, 2024 2023 Operating revenues $ 191,336 $ 217,253 Operating income $ 40,745 $ 40,034 Net income $ 33,814 $ 31,078 Earnings per share - basic $ 0.93 $ 0.86 Earnings per share - diluted $ 0.93 $ 0.86 Weighted average

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Source: SEC EDGAR

accession 0000950170-24-055188

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