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Dec 31, 2019
MGEE Q4 2019 Earnings Report
MGE Energy reported an increase in revenue and earnings per share compared to the same quarter last year.
Key Takeaways
MGE Energy reported GAAP earnings for the fourth quarter of 2019 were $16.7 million, or 48 cents per share, compared to $16.4 million, or 47 cents per share, in the fourth quarter of 2018. An increase in owned renewable generation assets contributed to higher electric earnings.
GAAP earnings for the fourth quarter of 2019 were $16.7 million, or 48 cents per share.
This compares to $16.4 million, or 47 cents per share, in the fourth quarter of 2018.
An increase in owned renewable generation assets contributed to higher electric earnings.
The completion of the Saratoga Wind Farm added generation assets in 2019.