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Wec Energy Group Inc   (WEC)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $81.5600 $1.12 1.392%
Day's High: $81.955 Week Perf: 3.38 %
Day's Low: $ 80.57 30 Day Perf: 0.67 %
Volume (M): 2,106 52 Wk High: $ 98.80
Volume (M$): $ 171,741 52 Wk Avg: $84.60
Open: $80.75 52 Wk Low: $75.13



 Market Capitalization (Millions $) 25,738
 Shares Outstanding (Millions) 316
 Employees 6,938
 Revenues (TTM) (Millions $) 8,893
 Net Income (TTM) (Millions $) 1,332
 Cash Flow (TTM) (Millions $) -17
 Capital Exp. (TTM) (Millions $) 2,493

Wec Energy Group Inc
Wisconsin Energy Corporation was incorporated in the State of Wisconsin in 1981 and became a diversified holding company in 1986. We maintain our principal executive offices in Milwaukee, Wisconsin. Unless qualified by their context when used in this document, the terms Wisconsin Energy, the Company, our, us or we refer to the holding company and all of its subsidiaries.

We conduct our operations primarily in two operating segments: a utility energy segment and a non-utility energy segment. Our primary subsidiaries are Wisconsin Electric, Wisconsin Gas, Edison Sault and We Power.

Utility Energy Segment: Our utility energy segment consists of: Wisconsin Electric, Wisconsin Gas and Edison Sault.

Non-Utility Energy Segment: Our non-utility energy segment consists primarily of We Power. We Power was formed in 2001 to design, construct, own and lease to Wisconsin Electric the new generating capacity included in our PTF strategy.

Electric Supply

Our electric supply strategy is to provide our customers with a diverse fuel mix that is expected to maintain a stable, reliable and affordable supply of electricity. We supply electricity to our customers from power plants that we own. We supplement our internally generated power supply with long-term power purchase agreements and through spot purchases in the MISO Energy Markets.

Coal-Fired Generation

Coal Supply: We diversify the coal supply for our power plants by purchasing coal from mines in northern and central Appalachia as well as from various western mines.

Natural Gas-Fired Generation

Our natural gas-fired generation consists of five operating plants .

Oil-Fired Generation

Fuel oil is used for the combustion turbines at the Germantown Power Plants units 1-4. It is also used for boiler ignition and flame stabilization at the Presque Isle Power Plant.

Renewable Generation

Wisconsin Electric: Wisconsin Electrics hydroelectric generating system consists of thirteen operating plants.

Power Purchase Commitments

We enter into short and long-term power purchase commitments to meet a portion of our anticipated electric energy supply needs.

Gas Deliveries

Our gas utility business is highly seasonal due to the heating requirements of residential and commercial customers. Annual gas sales are also impacted by the variability of winter temperatures.

Competition

Competition in varying degrees exists between natural gas and other forms of energy available to consumers. A number of our large commercial and industrial customers are dual-fuel customers that are equipped to switch between natural gas and alternate fuels. We are allowed to offer lower-priced gas sales and transportation services to dual-fuel customers. Under gas transportation agreements, customers purchase gas directly from gas marketers and arrange with interstate pipelines and us to have the gas transported to their facilities. We earn substantially the same margin (difference between revenue and cost of gas) whether we sell and transport gas to customers or only transport their gas.

Our ability to maintain our share of the industrial dual-fuel market (the market that is equipped to use gas or other fuels) depends on our success and the success of third-party gas marketers in obtaining long-term and short-term supplies of natural gas at competitive prices compared to other sources and in arranging or facilitating competitively-priced transportation service for those customers that desire to buy their own gas supplies.



   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

39 %

6.89 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CEG   -2.43%    
DUK        4.37% 
EXC        3.53% 
NRG   -4.08%    
PCG        3.44% 
XEL        2.92% 
• View Complete Report
   



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
 
Total Utility
 Segment     of total Revenue
Total Non Utility
 Segment     of total Revenue
 
• View Complete Report

Wec Energy Group Inc's Operating Statistics Decrease / Increase
       
Residential Electric Sales KWH (in millions)   Residential Electric Sales KWH (in millions)  Decline   
Commercial & Industrial Electric Sales KWH (in millions)   Commercial & Industrial Electric Sales KWH (in millions) Decline   
Other Retail Electric Sales KWH (in millions)   Other Retail Electric Sales KWH (in millions) Decline   
Total Retail Electric Sales KWH (in millions)   Total Retail Electric Sales KWH (in millions) Decline   
Wholesale & Other Electric Sales KWH (in millions)   Wholesale & Other Electric Sales KWH (in millions)  Decline   
Resale & Other Electric Sales KWH (in millions)   Resale & Other Electric Sales KWH (in millions)  Decline   
Total Electric Sales KWH (in millions)   Total Electric Sales KWH (in millions)  Decline   
Residential Gas Delivered (millions Btu)   Residential Gas Delivered (millions Btu) Decline   
Commercial & Industrial Gas Delivered (millions Btu)     
Total Retail Gas Delivered (millions Btu)   Total Retail Gas Delivered (millions Btu) Decline   
Transported Gas & Other Delivered (millions Btu)     
Total Gas Delivered (millions Btu)   Total Gas Delivered (millions Btu) Decline   




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