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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.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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