MGE Energy Reports Third-Quarter 2024 Earnings
In the third quarter of 2024, electric net income increased
Gas net income in the third quarter of 2024 remained relatively flat compared to the third quarter of 2023.
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(In thousands, except per-share amounts) |
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(Unaudited) |
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Three Months Ended |
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2024 |
|
|
2023 |
|
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Operating revenues |
|
$ |
168,480 |
|
|
$ |
160,528 |
|
Operating income |
|
$ |
48,140 |
|
|
$ |
43,792 |
|
Net income |
|
$ |
40,939 |
|
|
$ |
37,857 |
|
Earnings per share - basic |
|
$ |
1.13 |
|
|
$ |
1.05 |
|
Earnings per share - diluted |
|
$ |
1.13 |
|
|
$ |
1.05 |
|
Weighted average shares outstanding - basic |
|
|
36,181 |
|
|
|
36,163 |
|
Weighted average shares outstanding - diluted |
|
|
36,211 |
|
|
|
36,189 |
|
|
|
|
|
|
|
|
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Six Months Ended |
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2024 |
|
|
2023 |
|
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Operating revenues |
|
$ |
505,529 |
|
|
$ |
525,779 |
|
Operating income |
|
$ |
118,620 |
|
|
$ |
122,216 |
|
Net income |
|
$ |
98,547 |
|
|
$ |
97,616 |
|
Earnings per share - basic |
|
$ |
2.72 |
|
|
$ |
2.70 |
|
Earnings per share - diluted |
|
$ |
2.72 |
|
|
$ |
2.70 |
|
Weighted average shares outstanding - basic |
|
|
36,176 |
|
|
|
36,163 |
|
Weighted average shares outstanding - diluted |
|
|
36,202 |
|
|
|
36,185 |
|
About
Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements are based on
View source version on businesswire.com: https://www.businesswire.com/news/home/20241106573820/en/
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Investor Relations
608-252-4723 | kfrassetto@mge.com
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