$MGEE
MGE ENERGY INC

2022 Q3 Form 10-Q Financial Statement

#000095017022014540 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $163.4M $152.3M $208.9M
YoY Change 12.02% 16.54% 24.43%
Cost Of Revenue $24.12M $34.93M $77.35M
YoY Change 38.39% 55.84% 65.27%
Gross Profit $139.3M $117.4M $131.6M
YoY Change 8.44% 8.4% 8.66%
Gross Profit Margin 85.24% 77.07% 62.98%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.45M $21.29M $21.05M
YoY Change 12.93% 14.59% 14.38%
% of Gross Profit 15.4% 18.13% 15.99%
Operating Expenses $96.80M $91.96M $89.73M
YoY Change 6.55% 8.29% 9.29%
Operating Profit $42.49M $25.46M $41.86M
YoY Change 13.0% 8.83% 7.19%
Interest Expense -$6.652M -$6.463M -$6.571M
YoY Change 9.43% 11.99% 15.28%
% of Operating Profit -15.66% -25.39% -15.7%
Other Income/Expense, Net $6.068M $7.696M $6.972M
YoY Change -1.56% 25.96% 235.51%
Pretax Income $41.90M $26.69M $42.26M
YoY Change 11.2% 12.47% 19.42%
Income Tax $8.183M $4.930M $7.844M
% Of Pretax Income 19.53% 18.47% 18.56%
Net Earnings $33.72M $21.76M $34.42M
YoY Change -3.43% -4.77% -1.47%
Net Earnings / Revenue 20.64% 14.28% 16.47%
Basic Earnings Per Share $0.93 $0.60 $0.95
Diluted Earnings Per Share $0.93 $0.60 $0.95
COMMON SHARES
Basic Shares Outstanding 36.16M 36.16M 36.16M
Diluted Shares Outstanding 36.18M 36.17M 36.17M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.62M $22.81M $26.37M
YoY Change -84.93% -32.97% -34.39%
Cash & Equivalents $10.62M $22.81M $26.37M
Short-Term Investments
Other Short-Term Assets $15.75M $11.57M $11.26M
YoY Change 21.35% 10.96% 24.47%
Inventory $75.40M $60.74M $42.86M
Prepaid Expenses
Receivables $44.46M $41.19M $50.17M
Other Receivables $13.86M $10.03M $15.24M
Total Short-Term Assets $199.8M $194.6M $194.4M
YoY Change -14.63% 1.7% -3.51%
LONG-TERM ASSETS
Property, Plant & Equipment $1.955B $1.934B $1.883B
YoY Change 5.8% 5.86% 5.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $104.0M $103.9M $101.4M
YoY Change 4.76% 6.9% 6.36%
Other Assets $24.89M $25.11M $26.70M
YoY Change -10.69% -7.92% 18.32%
Total Long-Term Assets $2.266B $2.243B $2.183B
YoY Change 6.05% 6.25% 5.53%
TOTAL ASSETS
Total Short-Term Assets $199.8M $194.6M $194.4M
Total Long-Term Assets $2.266B $2.243B $2.183B
Total Assets $2.466B $2.437B $2.378B
YoY Change 4.01% 5.87% 4.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $60.23M $88.83M $44.69M
YoY Change 4.87% 90.53% -16.99%
Accrued Expenses $18.28M $18.83M $18.56M
YoY Change -8.02% -6.37% 5.46%
Deferred Revenue
YoY Change
Short-Term Debt $40.00M $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $54.28M $24.25M $4.920M
YoY Change 1017.14% 402.2% 2.5%
Total Short-Term Liabilities $194.8M $160.7M $98.10M
YoY Change 57.67% 10.31% -46.62%
LONG-TERM LIABILITIES
Long-Term Debt $561.6M $592.7M $613.1M
YoY Change -8.73% 6.52% 18.31%
Other Long-Term Liabilities $94.85M $94.66M $91.36M
YoY Change 9.54% 10.8% 28.14%
Total Long-Term Liabilities $634.1M $627.8M $618.2M
YoY Change 5.06% 5.92% 8.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $194.8M $160.7M $98.10M
Total Long-Term Liabilities $634.1M $627.8M $618.2M
Total Liabilities $828.9M $788.5M $716.3M
YoY Change 14.0% 6.79% -5.04%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.075B $1.056B $1.048B
YoY Change
Total Liabilities & Shareholders Equity $2.466B $2.437B $2.378B
YoY Change 4.01% 5.87% 4.73%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $33.72M $21.76M $34.42M
YoY Change -3.43% -4.77% -1.47%
Depreciation, Depletion And Amortization $21.45M $21.29M $21.05M
YoY Change 12.93% 14.59% 14.38%
Cash From Operating Activities $33.01M $49.18M $62.10M
YoY Change -47.41% 41.99% 41.51%
INVESTING ACTIVITIES
Capital Expenditures -$67.45M -$35.18M $30.78M
YoY Change 75.31% -14.12% -11.42%
Acquisitions
YoY Change
Other Investing Activities -$706.0K -$1.713M -$155.0K
YoY Change -62.12% 38.03% -136.99%
Cash From Investing Activities -$68.16M -$36.89M -$32.17M
YoY Change 68.96% -12.59% -10.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.211M
YoY Change 2.45%
Cash From Financing Activities 23.90M -15.35M -21.22M
YoY Change 75.44% -1041.84% 56.17%
NET CHANGE
Cash From Operating Activities 33.01M 49.18M 62.10M
Cash From Investing Activities -68.16M -36.89M -32.17M
Cash From Financing Activities 23.90M -15.35M -21.22M
Net Change In Cash -11.24M -3.069M 8.714M
YoY Change -131.19% -48.38% -257.38%
FREE CASH FLOW
Cash From Operating Activities $33.01M $49.18M $62.10M
Capital Expenditures -$67.45M -$35.18M $30.78M
Free Cash Flow $100.5M $84.36M $31.32M
YoY Change -0.77% 11.58% 242.79%

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LiabilitiesNoncurrent
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CY2021Q4 mgee Property Plant And Equipment Net Before Construction In Progress
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24251000
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592689000
us-gaap Common Stock Dividends Per Share Cash Paid
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us-gaap Dividends Common Stock Cash
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CY2021Q4 us-gaap Finance Lease Liability Noncurrent
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1648746000
CY2021Q4 us-gaap Capitalization Longterm Debt And Equity
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LiabilitiesAndStockholdersEquity
2437231000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
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2371906000
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120000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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StockholdersEquity
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us-gaap Dividends Common Stock Cash
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278000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1007301000
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StockholdersEquity
1027468000
us-gaap Net Income Loss
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CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
848000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
847000
CY2022Q2 us-gaap Margin Deposit Assets
MarginDepositAssets
825000
CY2021Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
550000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
24480000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18835000
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.004
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.015
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
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CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.185
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.145
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.007
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.013
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.057
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.063
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0
CY2022Q2 mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
-300000
mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
-600000
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.062
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.062
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
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0.007
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.015
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.056
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.068
us-gaap Effective Income Tax Rate Reconciliation Deductions Other
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0.004
us-gaap Effective Income Tax Rate Reconciliation Deductions Other
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0.009
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0.019
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0.158
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.001
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.001
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.185
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.023
CY2021Q2 mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
-200000
mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
-3600000
CY2022Q2 mgee Deferred Savings From Current Year Employee Benefit Costs
DeferredSavingsFromCurrentYearEmployeeBenefitCosts
800000
mgee Deferred Savings From Current Year Employee Benefit Costs
DeferredSavingsFromCurrentYearEmployeeBenefitCosts
800000
CY2021Q2 mgee Deferred Savings From Current Year Employee Benefit Costs
DeferredSavingsFromCurrentYearEmployeeBenefitCosts
2600000
mgee Deferred Savings From Current Year Employee Benefit Costs
DeferredSavingsFromCurrentYearEmployeeBenefitCosts
2600000
CY2022Q2 mgee Returned Savings From Prior Year Employee Benefit Costs
ReturnedSavingsFromPriorYearEmployeeBenefitCosts
1100000
mgee Returned Savings From Prior Year Employee Benefit Costs
ReturnedSavingsFromPriorYearEmployeeBenefitCosts
2100000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
CY2022Q2 mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
CY2021Q2 mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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9159
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
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300000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
700000
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
600000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1300000
CY2022Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
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52748000
CY2022Q2 us-gaap Purchase Obligation Due In Next Twelve Months
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82682000
CY2022Q2 us-gaap Purchase Obligation Due In Second Year
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47794000
CY2022Q2 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
42028000
CY2022Q2 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
22791000
CY2022Q2 us-gaap Purchase Obligation Due After Fifth Year
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15490000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-6143000
CY2022Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
10965000
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
98000
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0
CY2019 mgee Public Utilities Return Of Fuel Rules Credit
PublicUtilitiesReturnOfFuelRulesCredit
1500000
CY2020 mgee Public Utilities Return Of Fuel Rules Credit
PublicUtilitiesReturnOfFuelRulesCredit
3200000
CY2021Q4 mgee Deferredfuelrulesmonitoredcosts
Deferredfuelrulesmonitoredcosts
-3300000
CY2022Q2 mgee Deferredfuelrulesmonitoredcosts
Deferredfuelrulesmonitoredcosts
-4100000
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<span id="xbrl_ts_19f0b3d21df445be886e63f2614417f2"/><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Calibri;min-width:fit-content;">As part of its regular operations, MGE enters into contracts, including options, swaps, futures, forwards, and other contractual commitments, to manage its exposure to commodity prices. To the extent that these contracts are derivatives, MGE assesses whether or not the normal purchases or normal sales exclusion applies. For contracts to which this exclusion cannot be applied, the derivatives are recognized in the consolidated balance sheets at fair value. MGE's financial commodity derivative activities are conducted in accordance with its electric and gas risk management program, which is approved by the PSCW and limits the volume MGE can hedge with specific risk management strategies. The maximum length of time over which cash flows related to energy commodities can be hedged is </span><span id="xbrl_cs_4ddf6895c94a44cb82c99bf2bec723df"/><span style="font-size:10.0pt;font-family:Calibri;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Calibri;min-width:fit-content;">four</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Calibri;min-width:fit-content;"> years</span></span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Calibri;min-width:fit-content;">. If the derivative qualifies for regulatory deferral, the derivatives are marked to fair value and are offset with a corresponding regulatory asset or liability depending on whether the derivative is in a net loss or net gain position, respectively. The deferred gain or loss is recognized in earnings in the delivery month applicable to the instrument. Gains and losses related to hedges qualifying for regulatory treatment are recoverable in gas rates through the PGA or in electric rates as a component of the fuel rules mechanism.</span>
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
12261000
CY2022Q2 mgee Counterparties In Default
CounterpartiesInDefault
0
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4100000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4300000
CY2022Q2 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
6500000
CY2021Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
1300000
CY2022Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
6779000
CY2021Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-11367000
CY2021Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
178000
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-14055000
CY2022Q2 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryAssets
0
CY2021Q2 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryAssets
6834000
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryAssets
0
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryAssets
9522000
CY2022Q2 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
2180000
CY2021Q2 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
0
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
8780000
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
0
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
0
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-6998000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-210000
CY2022Q2 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
45000
CY2021Q2 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
-180000
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
118000
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
175000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
4777000
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
6377000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
11803000
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
6099000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
18918000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
12646000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
8959000
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-4533000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
8959000
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-4533000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-6143000
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
98000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-6998000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-210000
CY2022Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
152348000
CY2021Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
130730000
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
361286000
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
298645000

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