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Mar 31, 2022
MGEE Q1 2022 Earnings Report
MGE Energy's first quarter earnings were reported with a decrease in EPS compared to the same period last year.
Key Takeaways
MGE Energy reported GAAP earnings of $34.4 million, or $0.95 per share, for the first quarter of 2022, compared to $34.9 million, or $0.97 per share, for the same period in the prior year.
First-quarter 2022 GAAP earnings were $34.4 million, or $0.95 per share.
Earnings decreased compared to $34.9 million, or $0.97 per share, for the same period in the prior year.
Colder weather led to an increase in gas retail sales of approximately 4% compared to the same period in the prior year.
Timing of 2021 depreciation and other operations and maintenance costs contributed to higher electric earnings in the first quarter of 2021.
MGEE
MGEE
Forward Guidance
This press release contains forward-looking statements based on MGE Energy's current expectations, estimates and assumptions regarding future events, which are inherently uncertain.