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Mar 31, 2020
MGEE Q1 2020 Earnings Report
MGE Energy reported earnings increase in the first quarter of 2020.
Key Takeaways
MGE Energy reported first-quarter earnings of $26.0 million, or 75 cents per share, compared to $24.0 million, or 69 cents per share, for the same period in the prior year. Electric and gas net income increased due to lower fuel costs, savings in operating and maintenance costs, and customer growth.
First-quarter earnings were $26.0 million, or 75 cents per share.
Earnings increased compared to $24.0 million, or 69 cents per share, for the same period in the prior year.
Electric and gas net income increased due to lower fuel costs and savings in operating and maintenance costs.
Gas retail sales decreased by 14% and electric retail sales decreased by 3%.
Forward Guidance
The situation around the COVID-19 pandemic remains fluid and MGE Energy continues to monitor the situation and their response.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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