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Mar 31, 2024
MGEE Q1 2024 Earnings Report
MGE Energy reported increased earnings for Q1 2024 driven by rate base investments.
Key Takeaways
MGE Energy reported GAAP earnings of $33.8 million, or $0.93 per share, for the first quarter of 2024, compared to $31.1 million, or $0.86 per share, for the same period in the prior year. The increase was primarily driven by an increase in investments included in rate base.
GAAP earnings for Q1 2024 were $33.8 million, or $0.93 per share.
This compares to $31.1 million, or $0.86 per share, for the same period in the prior year.
Electric net income increased $2.5 million compared to the first quarter of 2023.
Results were primarily driven by an increase in investments included in rate base.
MGEE
MGEE
MGEE Revenue by Segment
Revenue by Segment
Electric Utility Revenue
CapyFin.comGas Utility Revenue
CapyFin.comNonregulated Energy Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income