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Sep 30, 2022
MGEE Q3 2022 Earnings Report
MGE Energy reported GAAP earnings of $33.7 million, or $0.93 per share, for the third quarter of 2022.
Key Takeaways
MGE Energy's GAAP earnings for the third quarter of 2022 were $33.7 million, or $0.93 cents per share, compared to $34.9 million, or $0.97 cents per share, for the same period in the prior year.
Third quarter GAAP earnings were $33.7 million, or $0.93 per share.
Earnings decreased compared to the same period in the prior year due to the timing of 2021 depreciation and other operations and maintenance costs.
Significant capital projects placed in service near the end of 2021 triggered additional depreciation and operations and maintenance costs.
Earnings from investment in ATC decreased $0.7 million due to an estimated possible loss from filed complaints regarding MISO transmission owners' authorized return on equity.
Forward Guidance
No specific forward guidance was provided in the report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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