MGE Energy Reports First-Quarter 2023 Earnings
MGE Energy Inc. (MGEE)
US:NASDAQ Investor Relations:
mgeenergy.com
Company Research
Source: Business Wire
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the first quarter of 2023.MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the first quarter of 2023 were $31.1 million, or $0.86 per share, compared to $34.4 million, or $0.95 per share, for the same period in the prior year.During the first quarter of 2023, warmer-than-normal weather was a significant driver in lower gas and electric retail sales. Gas retail sales decreased approximately 14% and electric residential retail sales decreased approximately 7% compared to the same period in the prior year. Heating degree days is a measure of the extent to which the average daily temperature is below 65 degrees Fahrenheit and is considered an indicator of possible increased demand for energy to provide heating. As measured by heating degree days, the first quarter of 2023 was 14% warmer than the first quarter of 2022. The average temperature in January 2023 wa
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MGEE
News
- MGE Energy Reports First-Quarter 2024 EarningsBusiness Wire
- MGE Energy, Inc. (NASDAQ:MGEE) is favoured by institutional owners who hold 62% of the company [Yahoo! Finance]Yahoo! Finance
- MGE (MGEE) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Returns On Capital At MGE Energy (NASDAQ:MGEE) Have Hit The Brakes [Yahoo! Finance]Yahoo! Finance
- MGE Seeks to Expand Popular Community Solar Program for Residential and Small Business Electric Customers [Yahoo! Finance]Yahoo! Finance
MGEE
Earnings
- 5/8/24 - Miss
MGEE
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/5/24 - Form SC
- 4/5/24 - Form ARS
- MGEE's page on the SEC website