MGE Energy Reports Second-Quarter 2022 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 second quarter of 2022.MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the second quarter of 2022 were $21.8 million, or $0.60 cents per share, compared to $22.9 million, or $0.63 cents per share, for the same period in the prior year.During the second quarter of 2022, electric net income decreased $1.1 million compared to the second quarter of 2021.Timing of 2021 depreciation and other operations and maintenance costs contributed to higher electric earnings in the second quarter of 2021. Depreciation and operations and maintenance costs increased during the remainder of 2021 after significant capital projects were completed. The new customer information system went live in September 2021 and the first phase of Badger Hollow was completed in November 2021. The second phase of Badger Hollow Solar Farm is expected to be completed in the first half of 20
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News
- 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
- MGE Seeks to Expand Popular Community Solar Program for Residential and Small Business Electric CustomersBusiness Wire
- MGE Energy, Inc. (NASDAQ: MGEE) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
MGEE
Earnings
- 11/2/23 - Miss
MGEE
Analyst Actions
- 1/31/24 - TheStreet
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