MGE Energy Reports Fourth-Quarter and Full-Year 2023 Earnings [Yahoo! Finance]
MGE Energy Inc. (MGEE)
US:NASDAQ Investor Relations:
mgeenergy.com
Company Research
Source: Yahoo! Finance
MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the full year of 2023 were $117.7 million, or $3.25 per share, compared to $111.0 million, or $3.07 per share, for the same period in the prior year. MGE continues to invest in new, cost-effective renewable generation, which is helping to fuel the company's asset growth. An increase in electric investments included in rate base contributed to increased electric earnings for 2023. The Red Barn wind project was completed in April 2023 and Badger Hollow II solar project was completed in December 2023. During 2023, gas retail therm deliveries decreased approximately 13% compared to the prior year, primarily due to warmer-than-normal weather in 2023. Gas use by commercial and industrial customers was approximately 10% lower during 2023, and residential gas consumption decreased by approximately 15%. MGE Energy's earnings for the fourth quarter of 2023 were $20.1 million, or 55 cents per share, compared to $21.
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News
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- MGE Seeks to Expand Popular Community Solar Program for Residential and Small Business Electric Customers [Yahoo! Finance]Yahoo! Finance
- MGE Seeks to Expand Popular Community Solar Program for Residential and Small Business Electric CustomersBusiness Wire
MGEE
Earnings
- 11/2/23 - 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