MGE Energy Q3 2024 EPS $1.13, up 7.6% YoY; electric earnings rise on rate base growth

MGE ENERGY INC

2024-Q3 EPS reported $2.72

GAAP net income $40.9M ($1.13/diluted EPS) vs $37.9M ($1.05) in Q3 2023.
Electric net income increased $3.9M on higher rate base investments and lower fuel costs.
Gas net income remained relatively flat compared to Q3 2023.
Nine-month 2024 net income $98.5M ($2.72/diluted EPS) vs $97.6M ($2.70) in 2023.
Operating revenues $168.5M vs $160.5M in Q3 2023.

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