MGE Energy Reports Fourth-Quarter 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 fourth quarter and full year 2018. MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the full year of 2018 were $84.2 million, or $2.43 per share, compared to $97.6 million, or $2.82 per share, for the same period in the prior year. Earnings for 2017 included a 62 cent per share one-time, non-cash tax benefit from nonregulated operations as a result of the Tax Cuts and Jobs Act (Tax Act). Earnings for 2018 were positively impacted by customer growth and favorable weather during the year. There were approximately 2,000 more electric and approximately 3,000 more gas customers in 2018, primarily driven by residential customer growth. MGE Energy's GAAP earnings for the fourth quarter of 2018 were $16.4 million, or 47 cents per share, compared to $36.1 million, or $1.04 per
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- MGE Energy, Inc. (NASDAQ: MGEE) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- MGE Energy, Inc. (NASDAQ: MGEE) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
MGEE
Earnings
- 11/2/23 - Miss
MGEE
Analyst Actions
- 1/31/24 - TheStreet
MGEE
Sec Filings
- 4/5/24 - Form SC
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- MGEE's page on the SEC website