MGE Energy Q2 EPS $0.66 vs $0.79 YoY; net income down 17%

MGE ENERGY INC

2024-Q2 EPS reported $1.59

GAAP EPS $0.66, down from $0.79; net income $23.8M vs $28.7M.
Electric net income fell $6.0M on higher fuel costs and weather.
Electric residential sales down ~4%; gas retail sales down ~10%.
Company cites continued benefit from increase in rate base investments.

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