|
07.08.2019 19:00:00
|
MGE Energy Reports Second-Quarter Earnings
MGE Energy, Inc. (Nasdaq: MGEE) today reported financial results for the second quarter of 2019.
MGE Energy's earnings for the second quarter of 2019 were $15.5 million, or 45 cents per share, compared to $18.3 million, or 53 cents per share, for the same period in the prior year.
During the second quarter of 2019, electric net income decreased due to lower residential customer usage resulting from cooler weather in June compared to the same period in the prior year. Gas net income decreased during the quarter primarily related to lower gas retail sales attributable to warmer weather in April 2019 compared to the same period in the prior year.
|
MGE Energy, Inc. |
|
|||
|
(In thousands, except per share amounts) |
|
|||
|
(Unaudited) |
|
|||
|
|
|
|
|
|
|
Three Months Ended June 30, |
2019 |
|
2018 |
|
|
Operating revenue |
$122,147 |
|
$124,262 |
|
|
Operating income |
$19,783 |
|
$24,231 |
|
|
Net income |
$15,548 |
|
$18,351 |
|
|
Earnings per share (basic and diluted) |
$0.45 |
|
$0.53 |
|
|
Weighted average shares outstanding (basic and diluted) |
34,668 |
|
34,668 |
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
2019 |
|
2018 |
|
|
Operating revenue |
$289,716 |
|
$281,894 |
|
|
Operating income |
$50,293 |
|
$50,419 |
|
|
Net income |
$39,554 |
|
$38,352 |
|
|
Earnings per share (basic and diluted) |
$1.14 |
|
$1.11 |
|
|
Weighted average shares outstanding (basic and diluted) |
34,668 |
|
34,668 |
|
About MGE Energy
MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to 153,000 customers in Dane County, Wis., and purchases and distributes natural gas to 161,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190807005644/en/
Der finanzen.at Ratgeber für Aktien!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu MGE Energy IncShsmehr Nachrichten
| Keine Nachrichten verfügbar. |
Analysen zu MGE Energy IncShsmehr Analysen
ETF-Sparplan
Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.