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Dec 31, 2021
MGEE Q4 2021 Earnings Report
MGE Energy's Q4 2021 earnings decreased due to lower gas retail sales, while full-year earnings increased driven by investments in rate base and economic recovery.
Key Takeaways
MGE Energy reported GAAP earnings of $13.1 million, or 36 cents per share, for the fourth quarter of 2021, compared to $15.8 million, or 44 cents per share, for the same period in the prior year. The decrease was primarily attributable to lower gas retail sales. Full year 2021 GAAP earnings were $105.8 million, or $2.92 per share, compared to $92.4 million, or $2.60 per share, for the same period in the prior year.
Q4 2021 GAAP earnings were $13.1 million, or 36 cents per share.
Full year 2021 GAAP earnings were $105.8 million, or $2.92 per share.
The decrease in Q4 earnings was primarily due to lower gas retail sales.
Full year earnings increase was driven by investments in rate base and economic recovery.