WEC Energy Group Inc.
WEC Energy Group Reports Q3 2024 Financial Results
Summary
WEC Energy Group, Inc. reported a net income of $240.1 million, or 76 cents per share, for the third quarter of 2024, a decrease from $316.0 million, or $1.00 per share, in the same period of 2023. Excluding a 6 cents per share charge related to certain capital expenditures, adjusted earnings were 82 cents per share, down from 99 cents per share in Q3 2023. For the first nine months of 2024, the company recorded a net income of $1.07 billion, or $3.40 per share, compared to $1.11 billion, or $3.52 per share, in the first nine months of 2023. Excluding the charge, adjusted earnings for the first nine months were $3.45 per share. Consolidated revenues for the first nine months of 2024 were $6.3 billion, a decrease of $359.8 million from the same period in 2023.
Get alerts for WEC
Be first to know when WEC Energy Group Inc. files with the SEC.
Filing Categories
Exhibits (1)
About WEC Energy Group Inc.
WEC Energy Group Inc. is a prominent utility holding company engaging in electric and natural gas distribution and energy services across multiple U.S. states, including Wisconsin and Illinois. Established as a leader in the energy sector, its core function is to provide reliable and cost-effective energy solutions to both residential and commercial customers. The company's operations span electric generation, natural gas distribution, and energy infrastructure development, highlighting its commitment to maintaining a secure and efficient energy grid. WEC Energy Group is recognized for its strategic emphasis on sustainable practices, investing heavily in renewable energy sources such as wind and solar power, thus reducing its carbon footprint and enhancing environmental stewardship. In the broader market, WEC Energy Group Inc. plays a critical role by ensuring energy security and sustainability, pivotal in supporting economic growth and quality of life in the regions it serves. Its widespread utilities influence makes it a key player in regional economic frameworks and in the ongoing transition towards cleaner energy productions.
Official SEC Documents