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Wec Energy Group Inc   (NYSE: WEC)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $102.9700 $-0.81 -0.780%
Day's High: $103.84 Week Perf: 1.73 %
Day's Low: $ 102.70 30 Day Perf: 7.74 %
Volume (M): 1,743 52 Wk High: $ 104.01
Volume (M$): $ 179,497 52 Wk Avg: $89.15
Open: $102.97 52 Wk Low: $76.50



 Market Capitalization (Millions $) 32,590
 Shares Outstanding (Millions) 317
 Employees 7,000
 Revenues (TTM) (Millions $) 8,533
 Net Income (TTM) (Millions $) 1,290
 Cash Flow (TTM) (Millions $) 220
 Capital Exp. (TTM) (Millions $) 2,698

Wec Energy Group Inc
Company Profile: WEC Energy Group Inc.

Overview
WEC Energy Group Inc. is a diversified holding company that was initially incorporated in the State of Wisconsin in 1981, formally transitioning into a holding company in 1986. The companys principal executive offices are located in Milwaukee, Wisconsin. The terms Wisconsin Energy, he Company,our,us,or werefer to WEC Energy Group and its subsidiaries.

Business Segments
WEC Energy Group operates primarily through two segments:

1. Utility Energy Segment: This segment includes:
- Wisconsin Electric: Engaged in the generation and distribution of electricity.
- Wisconsin Gas: Provides natural gas utility services.
- Edison Sault: A utility serving the eastern Upper Peninsula of Michigan.

2. Non-Utility Energy Segment: Dominated by We Power, which was established in 2001. This subsidiary specializes in designing, constructing, owning, and leasing new generating capacity to Wisconsin Electric, as part of the companys Power the Future (PTF) strategy.

Energy Supply Strategy
WEC Energy Groups energy supply strategy aims to provide customers with a reliable, diverse, and affordable supply of electricity. The company generates electricity from its owned power plants and complements this with long-term power purchase agreements and spot market transactions through the MISO Energy Markets.

Generation Facilities
- Coal-Fired Generation: The company sources coal from northern and central Appalachia as well as various western mines to support its power plants.
- Natural Gas-Fired Generation: WEC Energy operates five facilities dedicated to natural gas generation.
- Oil-Fired Generation: Fuel oil is utilized in combustion turbines at the Germantown Power Plant and for ignition and stabilization at the Presque Isle Power Plant.
- Renewable Generation: Wisconsin Electric operates a hydroelectric generating system, comprising thirteen hydroelectric plants.

Power Purchase Commitments
WEC Energy engages in both short-term and long-term power purchase commitments to fulfill anticipated energy supply requirements.

Gas Utility Operations
The gas utility segment of the company is highly seasonal, with demand fluctuating based on the heating needs of residential and commercial customers. Annual gas sales can be influenced by variations in winter temperatures.

Competitive Landscape
WEC Energy Group faces competition from various energy sources, particularly concerning natural gas. Large commercial and industrial customers often qualify as dual-fuel clients, meaning they can switch between natural gas and alternative fuel sources, thereby enhancing price competition. The company strategically offers competitive gas sales and transportation services to these customers, earning margins that are comparable regardless of whether it sells or just transports gas.

WEC Energy Group's success in maintaining its market share in the industrial dual-fuel segment is contingent upon securing competitive natural gas supplies and developing efficient transportation services for customers seeking alternative gas procurement options.

Conclusion
WEC Energy Group Inc. is committed to delivering reliable energy solutions through a balanced mix of generation resources, innovative operational strategies, and a focus on customer service, positioning itself as a key player in the energy market within the Midwest.


   Company Address: 231 West Michigan Street Milwaukee 53201 WI
   Company Phone Number: 221-2345   Stock Exchange / Ticker: NYSE WEC


Customers Net Income grew by WEC's Customers Net Profit Margin grew to

149.91 %

11.31 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CEG   -1.41%    
DUK   -3.46%    
EXC        2.51% 
NRG        2.3% 
PCG   -2.3%    
XEL        2.59% 
• View Complete Report
   



Wec Energy Group Inc

Wec Energy Group Inc Reports Mixed First Quarter Results with Increase in Earnings Per Share but Decline in Revenue

Wec Energy Group Inc, a leading energy company, recently released its first-quarter financial results for 2024, which showed some contradictory trends. Despite a 22.36% improvement in earnings per share to $1.97, the company witnessed a fading revenue of -7.199% to $2.68 billion compared to the previous reporting period.
In the first quarter of 2024, Wec Energy Group Inc reported a bottom-line of $622.600 million, representing a 22.66% increase from the $507.600 million reported in the first quarter of the previous year. This positive growth in net earnings is indicative of the company's efforts to optimize its profitability.

Wec Energy Group Inc

WEC Energy Group Inc Faces Earnings Decline in Fiscal Period Ending Dec 31, 2023

Wec Energy Group Inc (WEC) faced some challenges in the fiscal period closing Dec 31, 2023, as both its revenue and income declined. Income fell by 13.51% to $0.69 per share, and revenue dropped by 13.325% year on year. Comparing to the fourth quarter of 2022, revenue decreased from $2.56 billion to $2.22 billion.
The decline in income was more substantial, with a decrease of 30.77% from $1.00 per share in the preceding period. However, revenue showed some resilience, increasing by 13.288% from $1.96 billion. Despite the setbacks, WEC managed to achieve a net income of $218.5 million in the fourth quarter of 2023, even though it represented a decline of 13.36% compared to the same period a year before.

Wec Energy Group Inc

Revamping Performance: Wec Energy Group Inc's Disappointing Third Quarter Figures2.

In the third quarter of the 2023 earnings season, Wec Energy Group Inc experienced a decline in revenue but managed to increase its earnings per share. Earnings grew by a moderate 4.17% to $1.00 per share, while revenue fell by -2.277% to $1.96 billion compared to the previous year. However, when compared to the preceding reporting season, income improved from $0.92 per share, and revenue increased by 6.962% from $1.83 billion.
The net profits for the third quarter of the 2023 earnings season were $315.600 million, representing a 4.61% increase from the previous year's net earnings of $301.700 million. Wec Energy Group Inc also highlighted its improving profit margins, with a net margin of 16.12% and an operating margin of 24.11% in the third quarter of the 2023 earnings season.

Wec Energy Group Inc

WEC Energy Group Inc Faces Significant Challenges in Q2 2023; Reports Moderate Earnings Growth amidst 14% Revenue Slump

Investors Anticipate Mixed Future Performance for WEC Energy Group Inc.
For the April to June 30, 2023 period, WEC Energy Group Inc. experienced moderate growth in earnings, with a 1.1% increase to $0.92 per share compared to $0.91 per share a year ago. However, profit plummeted by -42.86%, dropping from $1.61 per share in the preceding reporting period. Furthermore, the company saw a respectable decline of -14% in revenue, from $2.13 billion to $1.83 billion, when compared to the same reporting period a year ago. Sequentially, revenue tumbled even further by -36.637% from $2.89 billion.

Wec Energy Group Inc

Wec Energy Group Brings Shocking 2698.6% ROE, but Troubling Figures Leave Investors Suspicious

The recent financial results of Wec Energy Group Inc show mixed signals, which may warrant caution for investors in the stock market. While the company's return on equity (ROE) in the first quarter of 2023 was an impressive 2698.6%, its overall ranking remained unchanged, indicating that other factors may be affecting its performance. Furthermore, despite achieving the highest ROE in the electric utilities industry, Wec Energy Group Inc announced disappointing numbers in terms of EPS and revenue.
The fact that EPS deteriorated by -10.06% and revenue depreciated by -0.688% from the previous year may be indicative of challenges that the company is facing. Additionally, the decline in net margin, profitability and operating earnings may point to a weakening financial position for the company. These factors may suggest that Wec Energy Group Inc is experiencing challenges that may impact its ability to deliver the expected returns to its shareholders.







Wec Energy Group Inc's Segments
Revenues from contracts with customers    99.51 % of total Revenue
Other revenues    0.49 % of total Revenue
Utility operations Revenues from contracts with customers    96.76 % of total Revenue
Electric Revenues from contracts with customers    76.32 % of total Revenue
Natural gas Revenues from contracts with customers    20.44 % of total Revenue
Other non-utility revenues Revenues from contracts with customers    2.75 % of total Revenue
Reconciling Eliminations    -6.24 % of total Revenue
Reconciling Eliminations Revenues from contracts with customers    -0.6 % of total Revenue
Reconciling Eliminations Other revenues    -5.63 % of total Revenue
Reconciling Eliminations Utility operations Revenues from contracts with customers    -0.52 % of total Revenue
Reconciling Eliminations Natural gas Revenues from contracts with customers    -0.52 % of total Revenue
Reconciling Eliminations Other non-utility revenues Revenues from contracts with customers    -0.09 % of total Revenue
Total Utility Operations Natural gas Transferred over time Revenues from contracts with customers    20.4 % of total Revenue
Total Utility Operations    97.48 % of total Revenue
Total Utility Operations Other revenues    0.49 % of total Revenue
Total Utility Operations Transferred over time Revenues from contracts with customers    96.99 % of total Revenue
Total Utility Operations Utility operations Transferred over time Revenues from contracts with customers    96.72 % of total Revenue
Total Utility Operations Electric Transferred over time Revenues from contracts with customers    76.32 % of total Revenue
Total Utility Operations Other non-utility revenues Transferred over time Revenues from contracts with customers    0.27 % of total Revenue
Wisconsin Electric Transferred over time Revenues from contracts with customers    76.32 % of total Revenue
Wisconsin Natural gas Transferred over time Revenues from contracts with customers    8.78 % of total Revenue
Wisconsin    85.32 % of total Revenue
Wisconsin Other revenues    0.22 % of total Revenue
Wisconsin Transferred over time Revenues from contracts with customers    85.1 % of total Revenue
Wisconsin Utility operations Transferred over time Revenues from contracts with customers    85.1 % of total Revenue
Illinois Natural gas Transferred over time Revenues from contracts with customers    9.02 % of total Revenue
Illinois    9.32 % of total Revenue
Illinois Other revenues    0.3 % of total Revenue
Illinois Transferred over time Revenues from contracts with customers    9.02 % of total Revenue
Illinois Utility operations Transferred over time Revenues from contracts with customers    9.02 % of total Revenue
Other States Natural gas Transferred over time Revenues from contracts with customers    2.6 % of total Revenue
Other States    2.84 % of total Revenue
Other States Other revenues    -0.03 % of total Revenue
Other States Transferred over time Revenues from contracts with customers    2.87 % of total Revenue
Other States Utility operations Transferred over time Revenues from contracts with customers    2.6 % of total Revenue
Other States Other non-utility revenues Transferred over time Revenues from contracts with customers    0.27 % of total Revenue
Non-Utility Energy Infrastructure    8.75 % of total Revenue
Non-Utility Energy Infrastructure Revenues from contracts with customers    3.12 % of total Revenue
Non-Utility Energy Infrastructure Other revenues    5.63 % of total Revenue
Non-Utility Energy Infrastructure Utility operations Revenues from contracts with customers    0.56 % of total Revenue
Non-Utility Energy Infrastructure Natural gas Revenues from contracts with customers    0.56 % of total Revenue
Non-Utility Energy Infrastructure Other non-utility revenues Revenues from contracts with customers    2.56 % of total Revenue
Electric    76.32 % of total Revenue
Wisconsin Electric Transferred over time    76.32 % of total Revenue
Wisconsin Electric Transferred over time Total retail revenues    71.99 % of total Revenue
Wisconsin Electric Transferred over time Residential    31.79 % of total Revenue
Wisconsin Electric Transferred over time Small commercial and industrial    24.57 % of total Revenue
Wisconsin Electric Transferred over time Large commercial and industrial    15.25 % of total Revenue
Wisconsin Electric Transferred over time Other    0.39 % of total Revenue
Wisconsin Electric Transferred over time Wholesale    1.45 % of total Revenue
Wisconsin Electric Transferred over time Resale    2.47 % of total Revenue
Wisconsin Electric Transferred over time Steam    0.12 % of total Revenue
Wisconsin Electric Transferred over time Other utility revenues    0.29 % of total Revenue
Natural gas    20.44 % of total Revenue
Total Utility Operations Natural gas Transferred over time    20.4 % of total Revenue
Total Utility Operations Natural gas Transferred over time Total retail revenues    15.5 % of total Revenue
Total Utility Operations Natural gas Transferred over time Residential    11.55 % of total Revenue
Total Utility Operations Natural gas Transferred over time Commercial and industrial    3.94 % of total Revenue
Total Utility Operations Natural gas Transferred over time Transportation    3.77 % of total Revenue
Total Utility Operations Natural gas Transferred over time Other utility revenues    1.13 % of total Revenue
Wisconsin Natural gas Transferred over time    8.78 % of total Revenue
Wisconsin Natural gas Transferred over time Total retail revenues    5.77 % of total Revenue
Wisconsin Natural gas Transferred over time Residential    4.12 % of total Revenue
Wisconsin Natural gas Transferred over time Commercial and industrial    1.65 % of total Revenue
Wisconsin Natural gas Transferred over time Transportation    1.04 % of total Revenue
Wisconsin Natural gas Transferred over time Other utility revenues    1.97 % of total Revenue
Illinois Natural gas Transferred over time    9.02 % of total Revenue
Illinois Natural gas Transferred over time Total retail revenues    7.83 % of total Revenue
Illinois Natural gas Transferred over time Residential    6.12 % of total Revenue
Illinois Natural gas Transferred over time Commercial and industrial    1.72 % of total Revenue
Illinois Natural gas Transferred over time Transportation    2.4 % of total Revenue
Illinois Natural gas Transferred over time Other utility revenues    -1.22 % of total Revenue
Other States Natural gas Transferred over time    2.6 % of total Revenue
Other States Natural gas Transferred over time Total retail revenues    1.89 % of total Revenue
Other States Natural gas Transferred over time Residential    1.31 % of total Revenue
Other States Natural gas Transferred over time Commercial and industrial    0.57 % of total Revenue
Other States Natural gas Transferred over time Transportation    0.33 % of total Revenue
Other States Natural gas Transferred over time Other utility revenues    0.38 % of total Revenue
Other non-utility revenues    2.75 % of total Revenue
Other non-utility revenues We Power revenues    0.33 % of total Revenue
Transferred over time Other non-utility revenues Wind generation revenues    2.15 % of total Revenue
Transferred over time Other non-utility revenues Appliance service revenues    0.27 % of total Revenue
Late payment charges    0.56 % of total Revenue
Alternative revenues    -0.09 % of total Revenue
Other    0.03 % of total Revenue
External revenues    100 % of total Revenue
Utility operations External revenues    97.48 % of total Revenue
Reconciling eliminations Interrevenues    -6.24 % of total Revenue
Wisconsin Utility operations External revenues    85.32 % of total Revenue
Illinois Utility operations External revenues    9.32 % of total Revenue
Other States Utility operations External revenues    2.84 % of total Revenue
Non-Utility Energy Infrastructure External revenues    2.52 % of total Revenue
Non-Utility Energy Infrastructure Interrevenues    6.24 % of total Revenue





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