MGE Energy Reports Third-Quarter 2024 Earnings
MGE Energy Inc. (MGEE)
US:NASDAQ Investor Relations:
mgeenergy.com
Company Research
Source: Business Wire
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the third quarter of 2024.MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the third quarter of 2024 were $40.9 million, or $1.13 per share, compared to $37.9 million, or $1.05 per share, for the same period in the prior year.In the third quarter of 2024, electric net income increased $3.9 million compared to the third quarter of 2023. An increase in electric investments included in rate base and lower fuel costs contributed to increased electric earnings for the third quarter of 2024. Fuel costs during the third quarter of 2024 were lower than the 2024 fuel cost plan approved by the PSCW.Gas net income in the third quarter of 2024 remained relatively flat compared to the third quarter of 2023.MGE Energy, Inc.(In thousands, except per-share amounts)(Unaudited)Three Months Ended September 30, 2024 2023 Operating revenues $168,480 $160,528 Operating income
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MGEE
News
- MGE Energy, Inc. (NASDAQ: MGEE) was upgraded by analysts at LADENBURG THALM/SH SH to a "strong sell" rating.MarketBeat
- MGE Halfway to its 2030 Carbon Reduction GoalBusiness Wire
- MGE Energy Third Quarter 2024 Earnings: EPS: US$1.13 (vs US$1.05 in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- MGE (MGEE) Lags Q3 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
- MGE Energy declares $0.45 dividend [Seeking Alpha]Seeking Alpha
MGEE
Earnings
- 11/6/24 - Miss
MGEE
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- MGEE's page on the SEC website