WEC Energy Group

WEC Energy Group, Inc. is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations. The Illinois segment deals with natural gas utility and non-utility activities. The Other States segment pertains to natural gas operations of the firm's subsidiaries. The Electric Transmission segment holds interests in state regulatory commissions. The Non-Utility Energy Infrastructure segment includes Wisconsin Electric Power, which owns and leases generating facilities. The Corporate and Other segment refers to the firm's administrative and holding activities. The company was founded in 1981 and is headquartered in Milwaukee, WI.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

WEC Energy Group posts robust earnings, eyes renewables for growth

WEC Energy Group's Q4 2022 earnings call highlighted strong financial performance, credit support, and strategic investments in renewables and infrastructure. Despite challenges like material shortages, the company remains optimistic about growth opportunities through acquisitions and innovative projects.

WEC Energy Group reports Q1 earnings impacted by mild weather

WEC Energy Group navigates mild weather impacts with initiatives to offset earnings. Focus on ESG investments and zero-carbon projects for sustainable growth. Challenges in demand trends and gas heating transition balanced by opportunities in earnings growth and solar investments.

WEC Energy Group meets Q2 earnings, focuses on innovation and growth

WEC Energy Group reports solid Q2 earnings in line with yearly guidance, emphasizing financial discipline and customer satisfaction. Strategic initiatives with Microsoft and regulatory progress highlight the company's commitment to innovation and growth. Challenges include managing equity issuance and regulatory complexities, while opportunities lie in renewable energy expansion and operational efficiency.

WEC Energy Group reports solid Q3 earnings and accelerates ESG investments

WEC Energy Group's performance in Q3 met expectations with a strong focus on ESG investments and renewable energy transition.
The company's strengths lie in its improving balance sheet metrics, strategic capital reallocation, and tax credit expectations.
Challenges include managing one-time expenses, regulatory hurdles in transitioning to natural gas, and aligning rate changes with inflation.
Opportunities include investments in renewables, leveraging economic growth, and potential O&M upside for a robust fourth quarter.

WEC Energy Group reports solid earnings, eyes growth in renewables

WEC Energy Group delivered strong financial performance in 2023 despite setbacks in Illinois. The company is focused on enhancing its infrastructure and customer satisfaction while navigating regulatory challenges. Opportunities for growth lie in expanding capital investments in Wisconsin and renewable energy projects.

WEC Energy Group exceeds Q1 earnings, invests in sustainability

WEC Energy Group's strong financial performance and strategic investments position it well for future growth and sustainability goals.
While facing challenges in cost management and customer-specific sales, the company has opportunities for revenue growth and operational enhancements.
Navigating regulatory changes and stakeholder expectations will be key, but the company's focus on reliability and cleaner energy sources is a strength.
Overall, WEC Energy Group's proactive approach to investments and operational improvements bodes well for its long-term success in a dynamic energy landscape.

WEC Energy Group surpasses Q2 earnings expectations, eyes sustainable growth

WEC Energy Group delivered strong financial performance in Q2 2024, exceeding earnings guidance and maintaining a positive outlook for the full year. The company's strategic investments in renewable energy and proactive approach to regulatory matters position it well for future growth. While facing challenges like project delays, WEC Energy Group remains focused on sustainable operations and shareholder value.

WEC Energy Group posts solid Q3 earnings, commits to renewable growth

WEC Energy Group's Q3 performance and strategic outlook reflect stability, growth, and commitment to sustainable energy solutions.
While facing challenges in cost considerations and regulatory engagements, the company is well-positioned to capitalize on growth opportunities.
By balancing financial sources, focusing on renewable energy investments, and planning for rate base growth, WEC Energy Group aims for long-term success.
The company's emphasis on carbon-free generation, infrastructure investments, and financial prudence underpins its resilience and strategic vision.

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WEC Energy Group, Inc. (NYSE:WEC ) Q2 2023 Earnings Conference Call August 1, 2023 2:00 PM ET Company Participants Gale Klappa – Executive Chairman Scott Lauber – President and Chief Executive Officer Xia Liu – Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith – Bank of America Shar Pourreza – Guggenheim Partners Durgesh Chopra – Evercore ISI Anthony Crowdell – Mizuho Michael Sullivan – Wolfe Research Operator Good afternoon, and welcome to WEC Energy Group's Conference Call for Second Quarter 2023 Results. This call is being recorded for rebroadcast, and all participants are in a listen-only mode at this time.

WEC Energy Group, Inc. (WEC) Q2 2023 Earnings Call Transcript

WEC Energy Group (WEC) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.91 per share a year ago.

WEC Energy Group (WEC) Surpasses Q2 Earnings Estimates

WEC Energy Group beat estimates for second-quarter profit on Tuesday, as lower operating costs helped offset decline in energy demand.

WEC Energy beats profit estimates on lower costs

MILWAUKEE , July 25, 2023 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2023 second-quarter earnings news release before the stock market opens Tuesday, Aug. 1. A conference call for investors and security analysts is scheduled for the same day at 1 p.m.

WEC Energy Group to announce 2023 second-quarter results Aug. 1

WEC Energy (WEC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate WEC Energy Group (WEC) to Report a Decline in Earnings: What to Look Out for

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Investors looking for stocks in the Utility - Electric Power sector might want to consider either Portland General Electric (POR) or WEC Energy Group (WEC). But which of these two stocks is more attractive to value investors?

POR vs. WEC: Which Stock Is the Better Value Option?

WEC Energy (WEC) is expected to further benefit from its ongoing investments to strengthen infrastructure and strategic acquisitions.

WEC Energy (WEC) to Gain From Investments & Clean Energy Focus

MILWAUKEE , June 30, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced today that, after June 30, 2023, CME Term SOFR, as administered by the CME Group Benchmark Administration, will be the replacement reference rate for WEC Energy Group's 2007 Series A Junior Subordinated Notes due 2067 (CUSIP:976657AH9) (the "Notes"), replacing U.S. dollar LIBOR as the reference rate. In accordance with the Adjustable Interest Rate (LIBOR) Act (the "LIBOR Act") and the regulation issued by the Board of Governors of the Federal Reserve System on Dec. 16, 2022, implementing the LIBOR Act (the "LIBOR Rule"), the applicable tenor of three-month CME Term SOFR will be the reference rate for calculations of the amount of interest payable with respect to interest periods with reference rate determination dates occurring after June 30, 2023, and specifically Aug. 15, 2023, in the case of the Notes.

WEC Energy Group to replace reference rate for Junior Subordinated Notes

WEC has provided 20 years of annual dividend growth, marked by the 7.2% increase we saw for 2023. They are currently within their target payout ratio, so any growth going forward is anticipated to be at the same rate as their earnings. Utilities have been hit as a result of higher risk-free rates and higher financing costs, but that's what can present an opportunity to add for a longer-term investor.

WEC Energy Group: A Core Portfolio Dividend Growth Play

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AVA or WEC: Which Is the Better Value Stock Right Now?

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Investors interested in Utility - Electric Power stocks are likely familiar with NorthWestern (NWE) and WEC Energy Group (WEC). But which of these two stocks is more attractive to value investors?

NWE vs. WEC: Which Stock Is the Better Value Option?

WEC Energy Group is a regulated utility serving four states in the northern Heartland, including the city of Chicago. The company's natural gas operations were adversely impacted by a warmer-than-normal winter, but its overall stability remains intact.

WEC Energy Group: Adversely Impacted By Warm Weather But Still A Good Utility

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Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Portland General Electric (POR) and WEC Energy Group (WEC). But which of these two stocks is more attractive to value investors?

POR or WEC: Which Is the Better Value Stock Right Now?

WEC Energy Group's (WEC) first-quarter 2023 earnings beat estimates, while revenues miss the same.

WEC Energy (WEC) Q1 Earnings Surpass Estimates, Sales Lag

WEC Energy Group, Inc. (NYSE:WEC ) Q1 2023 Earnings Conference Call May 1, 2023 2:00 PM ET Company Participants Gale Klappa - Executive Chairman Scott Lauber - President and Chief Executive Officer Xia Liu - Executive Vice President and Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Bank of America Jeremy Tonet - JPMorgan Chase Michael Sullivan - Wolfe Research Durgesh Chopra - Evercore ISI Andrew Weisel - Scotiabank Anthony Crowdell - Mizuho Ashar Khan - Verition Operator Good afternoon, and welcome to WEC Energy Group's Conference Call for First Quarter 2023 Results. This call is being recorded for rebroadcast, and all participants are in a listen-only mode at this time.

WEC Energy Group, Inc. (WEC) Q1 2023 Earnings Call Transcript

MILWAUKEE , April 24, 2023 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2023 first-quarter earnings news release before the stock market opens Monday, May 1. A conference call for investors and security analysts is scheduled for the same day at 1 p.m.

WEC Energy Group to announce 2023 first-quarter results May 1

WEC Energy Group (WEC) makes a strong case for investment, given its earnings growth prospects, strong ROE and ability to increase dividend payouts.

Reasons to Add WEC Energy (WEC) to Your Portfolio Right Now

Investors are searching for some source of stability considering all the problems going on in the broader economy. WEC Energy Group, Inc. offers incredibly stable cash flows over time due to the fact that its product is a necessity for modern life.

WEC Energy Group: Some Good Things But Overly Expensive

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WEC Energy Group's (WEC) fourth-quarter earnings and revenues beat estimates. WEC gains from strong returns from its infrastructure and transmission segments.

WEC Energy Group (WEC) Beats Q4 Earnings & Revenue Estimates

WEC Energy Group, Inc. (NYSE:WEC ) Q4 2022 Results Conference Call February 2, 2023 2:00 PM ET Company Participants Gale Klappa - Executive Chairman Scott Lauber - President and CEO Xia Liu - CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Bank of America Jeremy Tonet - JPMorgan Michael Sullivan - Wolfe Research Durgesh Chopra - Evercore ISI Andrew Weisel - Scotiabank Anthony Crowdell - Mizuho Vedula Murti - Hudson Bay Capital Operator Good afternoon, and welcome to WEC Energy Group's Conference Call for Fourth Quarter and Year End ‘22 Results. This call is being recorded for rebroadcast, and all participants are in a listen-only mode at this time.

WEC Energy Group, Inc. (WEC) Q4 2022 Earnings Call Transcript

MILWAUKEE , Feb. 2, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today announced that the company will lead a pilot project at its Valley Power Plant in Milwaukee to test a new form of long-duration energy storage. WEC Energy Group is collaborating with EPRI, an independent, nonprofit energy research and development institute, and CMBlu Energy, the developer and manufacturer of the long-duration battery based in California and Germany.

News for WEC Energy Group Stock (WEC)