NASDAQ$MGEE
Mge Energy Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
MGE Energy reported GAAP earnings of $37.9 million, or $1.05 per share, for the third quarter of 2023.
MGE Energy reported third-quarter 2023 GAAP earnings of $37.9 million, or $1.05 per share, compared to $33.7 million, or $0.93 per share, for the same period in the prior year. The results were primarily driven by an increase in investments included in rate base and warmer-than-normal weather, which led to an increase in electric residential sales.
- Third-quarter GAAP earnings were $37.9 million, or $1.05 per share, compared to $33.7 million, or $0.93 per share, for the same period in the prior year.
- Increase in investments included in rate base primarily drove the third-quarter results.
- Warmer-than-normal weather led to an increase in electric residential sales of approximately 5% compared to the third quarter of 2022.
- Earnings from investment in ATC increased $0.9 million, driven by an estimated possible loss recorded in 2022 from filed complaints regarding MISO transmission owners' authorized return on equity.
Headline financials
Revenue & EPS history
MGEE · Revenue · Quarterly
$161M
Forward guidance
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements are based on MGE Energy's current expectations, estimates and assumptions regarding future events, which are inherently uncertain.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.1%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.9%
Avg return
30 days after
48%
31 / 64 earnings
Positive
+7.2%
Q3 2024
Best reaction
-6.6%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +1.3% | +0.6% | -6.8% | |
| Q3 2025 | +0.1% | -0.0% | -5.6% | |
| Q1 2025 | +2.0% | -1.2% | -4.0% | |
| Q4 2024 | +1.2% | -1.3% | -0.5% | |
| Q3 2024 | +7.2% | +16.9% | +10.5% | |
| Q1 2024 | +2.3% | +2.3% | -3.5% | |
| Q4 2023 | -0.8% | -2.7% | +18.5% | |
| Q3 2023 | +2.8% | +0.2% | +2.5% | |
| Q2 2023 | -2.7% | -3.5% | -9.7% | |
| Q1 2023 | +1.0% | +0.6% | -5.0% | |
| Q4 2022 | +1.6% | +0.5% | +6.8% | |
| Q3 2022 | -0.7% | -1.5% | +3.7% | |
| Q2 2022 | +0.0% | +1.0% | -6.0% | |
| Q1 2022 | -1.0% | -0.1% | -1.1% | |
| Q4 2021 | -2.6% | -0.3% | +8.7% | |
| Q3 2021 | +2.9% | +1.4% | -1.7% | |
| Q2 2021 | +1.3% | +0.7% | +2.0% | |
| Q1 2021 | +1.5% | +0.2% | +2.4% | |
| Q4 2020 | -2.5% | -1.7% | +8.3% | |
| Q3 2020 | -1.2% | +8.0% | +5.3% | |
| Q2 2020 | +5.6% | +4.6% | +0.4% | |
| Q1 2020 | +4.7% | -1.5% | +15.6% | |
| Q4 2019 | -3.3% | -4.6% | -20.5% | |
| Q3 2019 | -0.5% | -1.9% | +3.8% | |
| Q2 2019 | +1.9% | +0.5% | +1.3% | |
| Q1 2019 | -0.5% | +2.4% | +3.0% | |
| Q4 2018 | -1.6% | -2.7% | -0.2% | |
| Q3 2018 | +2.4% | +2.1% | +6.5% | |
| Q2 2018 | -1.4% | -0.7% | +2.3% | |
| Q1 2018 | -1.8% | -2.1% | -4.8% | |
| Q4 2017 | +1.0% | -4.1% | -0.3% | |
| Q3 2017 | -0.6% | -2.0% | -0.5% | |
| Q2 2017 | -1.1% | -1.9% | -4.2% | |
| Q1 2017 | +0.2% | -0.6% | +4.0% | |
| Q4 2016 | +1.6% | +1.6% | -1.3% | |
| Q3 2016 | +0.8% | +3.2% | +5.2% | |
| Q2 2016 | +0.5% | +0.2% | -0.6% | |
| Q1 2016 | -0.6% | — | — | |
| Q4 2015 | -6.6% | — | — | |
| Q3 2015 | -1.0% | — | — | |
| Q2 2015 | +0.3% | — | — | |
| Q1 2015 | -2.4% | — | — | |
| Q4 2014 | -0.1% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | -0.6% | — | — | |
| Q1 2014 | -0.8% | — | — | |
| Q4 2013 | +0.3% | — | — | |
| Q3 2013 | +0.0% | — | — | |
| Q2 2013 | +0.1% | — | — | |
| Q1 2013 | +2.2% | — | — | |
| Q4 2012 | +0.5% | — | — | |
| Q3 2012 | -2.3% | — | — | |
| Q2 2012 | +2.9% | — | — | |
| Q1 2012 | -0.9% | — | — | |
| Q4 2011 | -1.6% | — | — | |
| Q3 2011 | -2.5% | — | — | |
| Q2 2011 | -6.2% | — | — | |
| Q1 2010 | +1.8% | — | — | |
| Q1 2011 | +1.8% | — | — | |
| Q4 2010 | -0.4% | — | — | |
| Q4 2008 | -0.4% | — | — | |
| Q3 2010 | +1.9% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q4 2009 | -0.8% | — | — |
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