trending Market Intelligence /marketintelligence/en/news-insights/trending/gau1bewFqciCY8i8sA2-Sw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

MGE Energy's Q1 earnings slide on lower gas retail sales

Q3: U.S. Solar and Wind Power by the Numbers

Path to Carbon-Free Power Generation by 2035

The Growing Importance of Data Centers for European & U.S. Renewable Projects

CAISO and ERCOT Power Forecasts by the Hour


MGE Energy's Q1 earnings slide on lower gas retail sales

MGE Energy Inc.on May 5 posted first-quarter 2016 net income of $17.0 million, or 49 cents pershare, compared with $18.3 million, or 53 cents per share, in the same quarter of2015.

The company attributed the decrease in earnings to a 14.5% dropin gas retail sales due to warmer weather during the 2016 first quarter.

The company recorded a $22.6 million year-over-year drop in first-quarteroperating revenues to $147.5 million. Operating income was down $2.4 million yearover year to $29.5 million during the most recent quarter.