$MGEE
MGE ENERGY INC

2023 Q4 Form 10-Q Financial Statement

#000095017023057851 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $164.7M $160.5M
YoY Change -13.26% -1.76%
Cost Of Revenue $39.32M $12.20M
YoY Change -37.58% -49.41%
Gross Profit $125.3M $148.3M
YoY Change -1.19% 6.47%
Gross Profit Margin 76.12% 92.38%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.35M $25.30M
YoY Change 16.46% 17.97%
% of Gross Profit 20.23% 17.06%
Operating Expenses $101.2M $104.5M
YoY Change 2.28% 7.96%
Operating Profit $24.17M $43.79M
YoY Change -13.48% 3.07%
Interest Expense -$4.857M -$7.700M
YoY Change -30.23% 15.75%
% of Operating Profit -20.1% -17.58%
Other Income/Expense, Net $6.034M $10.55M
YoY Change 12.91% 73.85%
Pretax Income $25.35M $46.69M
YoY Change -3.69% 11.42%
Income Tax $5.263M $8.830M
% Of Pretax Income 20.76% 18.91%
Net Earnings $20.08M $37.86M
YoY Change -4.6% 12.27%
Net Earnings / Revenue 12.2% 23.58%
Basic Earnings Per Share $1.05
Diluted Earnings Per Share $0.56 $1.05
COMMON SHARES
Basic Shares Outstanding 36.16M 36.16M
Diluted Shares Outstanding 36.19M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.14M $11.30M
YoY Change -4.0% 6.45%
Cash & Equivalents $11.14M $11.27M
Short-Term Investments
Other Short-Term Assets $15.59M $14.79M
YoY Change -18.04% -6.1%
Inventory $72.65M $72.40M
Prepaid Expenses
Receivables $46.73M $43.82M
Other Receivables $15.62M $17.27M
Total Short-Term Assets $238.2M $216.4M
YoY Change -2.17% 8.29%
LONG-TERM ASSETS
Property, Plant & Equipment $2.128B $2.071B
YoY Change 7.97% 5.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $86.50M $111.2M
YoY Change 7.28% 6.96%
Other Assets $20.74M $21.49M
YoY Change -12.89% -13.67%
Total Long-Term Assets $2.437B $2.374B
YoY Change 7.17% 4.78%
TOTAL ASSETS
Total Short-Term Assets $238.2M $216.4M
Total Long-Term Assets $2.437B $2.374B
Total Assets $2.675B $2.591B
YoY Change 6.27% 5.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $65.45M $53.59M
YoY Change 10.31% -11.01%
Accrued Expenses $25.26M $20.50M
YoY Change 20.68% 12.13%
Deferred Revenue
YoY Change
Short-Term Debt $38.00M $22.00M
YoY Change -46.1% -45.0%
Long-Term Debt Due $5.146M $5.112M
YoY Change -90.53% -90.58%
Total Short-Term Liabilities $157.2M $122.8M
YoY Change -30.17% -36.94%
LONG-TERM LIABILITIES
Long-Term Debt $718.8M $690.0M
YoY Change 22.82% 22.88%
Other Long-Term Liabilities $43.64M $96.10M
YoY Change -55.0% 1.32%
Total Long-Term Liabilities $659.4M $642.4M
YoY Change 5.4% 1.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $157.2M $122.8M
Total Long-Term Liabilities $659.4M $642.4M
Total Liabilities $816.6M $765.3M
YoY Change -4.01% -7.68%
SHAREHOLDERS EQUITY
Retained Earnings $707.2M
YoY Change 8.82%
Common Stock $36.16M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.140B $1.135B
YoY Change
Total Liabilities & Shareholders Equity $2.675B $2.591B
YoY Change 6.27% 5.06%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $20.08M $37.86M
YoY Change -4.6% 12.27%
Depreciation, Depletion And Amortization $25.35M $25.30M
YoY Change 16.46% 17.97%
Cash From Operating Activities $43.56M $67.00M
YoY Change 360.82% 102.99%
INVESTING ACTIVITIES
Capital Expenditures $71.77M $42.60M
YoY Change 72.44% -163.16%
Acquisitions
YoY Change
Other Investing Activities -$1.749M -$2.100M
YoY Change 34.02% 197.45%
Cash From Investing Activities -$73.52M -$44.70M
YoY Change 71.27% -34.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.82M -27.40M
YoY Change -24.57% -214.62%
NET CHANGE
Cash From Operating Activities 43.56M 67.00M
Cash From Investing Activities -73.52M -44.70M
Cash From Financing Activities 28.82M -27.40M
Net Change In Cash -1.142M -5.100M
YoY Change -124.13% -54.65%
FREE CASH FLOW
Cash From Operating Activities $43.56M $67.00M
Capital Expenditures $71.77M $42.60M
Free Cash Flow -$28.21M $24.40M
YoY Change -12.3% -75.71%

Facts In Submission

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243480000
CY2023Q3 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
96764000
CY2022Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
103900000
CY2023Q3 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
74087000
CY2022Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
68872000
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
21485000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
24365000
CY2023Q3 mgee Property Plant And Equipment Net Before Construction In Progress
PropertyPlantAndEquipmentNetBeforeConstructionInProgress
1902032000
CY2022Q4 mgee Property Plant And Equipment Net Before Construction In Progress
PropertyPlantAndEquipmentNetBeforeConstructionInProgress
1865352000
CY2023Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
168504000
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
105748000
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2070536000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1971100000
CY2023Q3 us-gaap Investments
Investments
111249000
CY2022Q4 us-gaap Investments
Investments
105883000
CY2023Q3 us-gaap Assets
Assets
2590532000
CY2022Q4 us-gaap Assets
Assets
2517600000
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
5112000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
54314000
CY2023Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
22000000
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
70500000
CY2023Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
53593000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
59334000
CY2023Q3 mgee Accruedinterestandtaxes
Accruedinterestandtaxes
7368000
CY2022Q4 mgee Accruedinterestandtaxes
Accruedinterestandtaxes
7868000
CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13155000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13064000
CY2023Q3 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
13462000
CY2022Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
11925000
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8148000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8057000
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
122838000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
225062000
CY2023Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
271453000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
252190000
CY2023Q3 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
47369000
CY2022Q4 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
48735000
CY2023Q3 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
155026000
CY2022Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
156988000
CY2023Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
54531000
CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
53607000
CY2023Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
17932000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
17108000
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
96102000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
96990000
CY2023Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
642413000
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
625618000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1135253000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1081674000
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
690028000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
585246000
CY2023Q3 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
1825281000
CY2022Q4 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
1666920000
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2590532000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2517600000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1056057000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
33720000
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.408
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
14736000
CY2022Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
159000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1075200000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
1112584000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
37857000
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.428
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15460000
CY2023Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
272000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1135253000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1027468000
us-gaap Net Income Loss
NetIncomeLoss
89901000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.183
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
42763000
us-gaap Stockholders Equity Other
StockholdersEquityOther
594000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1075200000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1081674000
us-gaap Net Income Loss
NetIncomeLoss
97616000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.243
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
44933000
us-gaap Stockholders Equity Other
StockholdersEquityOther
896000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1135253000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11269000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11604000
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
645000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
867000
CY2023Q3 us-gaap Margin Deposit Assets
MarginDepositAssets
4293000
CY2022Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
5497000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16207000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17968000
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.006
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.006
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.049
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.049
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.009
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.004
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.014
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.017
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.005
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.001
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.189
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.195
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.063
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.007
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.007
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.054
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.053
us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.006
us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.004
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.016
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.018
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.002
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.001
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.188
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.189
CY2023Q3 mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
1600000
mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
2400000
CY2022Q3 mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
-200000
mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
-800000
CY2023Q3 mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
CY2022Q3 mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
21423
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<span id="xbrl_ts_19f0b3d21df445be886e63f2614417f2"></span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:'Calibri',sans-serif;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><span style="font-size:10pt;font-family:'Calibri',sans-serif;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:'Calibri',sans-serif;min-width:fit-content;">four</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> years</span></span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:'Calibri',sans-serif;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 refundable or recoverable in gas rates through the PGA or in electric rates as a component of the fuel rules mechanism.</span>
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1800000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-600000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000
CY2023Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
28520000
CY2023Q3 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
64675000
CY2023Q3 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
39942000
CY2023Q3 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
17454000
CY2023Q3 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
2165000
CY2023Q3 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
11995000
CY2021Q4 mgee Deferredfuelrulesmonitoredcosts
Deferredfuelrulesmonitoredcosts
3300000
CY2022Q4 mgee Deferredfuelrulesmonitoredcosts
Deferredfuelrulesmonitoredcosts
8800000
CY2023Q3 mgee Deferredfuelrulesmonitoredcosts
Deferredfuelrulesmonitoredcosts
-4300000
CY2023Q3 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
2900000
CY2022Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
5200000
CY2023Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0
CY2022Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0
CY2023Q3 mgee Counterparties In Default
CounterpartiesInDefault
0
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4700000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4000000
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-2892000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
8959000
CY2022Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-866000
CY2021Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
178000
CY2023Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryAssets
1768000
CY2022Q3 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
-258000
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryAssets
0
CY2023Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
0
CY2022Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
-5105000
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
3675000
CY2023Q3 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
CY2022Q3 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 Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
0
CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
2016000
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-6609000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
7590000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-13607000
CY2023Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
0
CY2022Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
-73000
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
0
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
45000
CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
0
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
108000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
11911000
CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0
CY2022Q3 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
CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
CY2022Q3 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 Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-2016000
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
6644000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-7590000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
25562000
CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-1124000
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
3854000
CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-1124000
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
3854000
CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
CY2022Q3 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
CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
2016000
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-6609000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
7590000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-13607000
CY2023Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
160528000
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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