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Wec Energy Group Inc   (WEC)
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    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

Wec Energy Group Inc 's

Competitiveness


 

WEC Sales vs. its Competitors Q3 2021



Comparing the results to its competitors, Wec Energy Group Inc reported Total Revenue increase in the 3 quarter 2021 by 5.78 % year on year.
The revenue growth was below Wec Energy Group Inc 's competitors average revenue growth of 18.16 %, recorded in the same quarter.

List of WEC Competitors

With net margin of 16.53 % company achieved higher profitability than its competitors.

More on WEC Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Wec Energy Group Inc Net Income in the 3 quarter 2021 grew year on year by 8.09 %, slower than its competitors income growth of 65.98 %

<<  More on WEC Income Comparisons


Wec Energy Group Inc 's Comment on Competitors and Industry Peers


Retail electric customers in Wisconsin currently do not have the ability to choose their electric supplier. It is uncertain when, if ever, retail access might be implemented in Wisconsin. However, Wisconsin Electric attempts to attract new customers into our service territory to increase sales in order to allocate the recovery of our costs among a larger customer base. The regulated energy industry continues to experience significant structural changes, which could eventually lead to increased competition in Wisconsin.

Michigan has adopted retail choice which allows customers to remain with their regulated utility at regulated rates or choose an alternative electric supplier to provide power supply service. We continue providing distribution and customer service functions regardless of the customer's power supplier. See Factors Affecting Results, Liquidity and Capital Resources - Industry Restructuring and Competition - Restructuring in Michigan, for a discussion of the impact of customers switching to an alternative electric supplier in Michigan on our electric sales.

We compete with other utilities for sales to municipalities and cooperatives. We also compete with other utilities and marketers in the wholesale electric business. Our wholesale sales are impacted by availability, wholesale electric prices, market conditions and fuel costs.

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.





  

Overall company Market Share Q3 2021

Revenue in Overall company grew by 5.78 %, less than Wec Energy Group Inc peers within this division.

<<  More on WEC Market Share.
 

*Market share calculated with total revenue.


WEC's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Wec Energy Group Inc 8,048 28,837 1,314 4,248
The Aes Corporation 10,931 16,870 780 18,500
American Electric Power Co Inc 16,341 41,385 2,384 1,859
Centerpoint Energy Inc 8,092 16,413 1,032 8,540
Cms energy Corporation 7,164 17,658 858 7,741
Consolidated Edison Inc 13,221 28,516 1,055 14,601
Dominion Energy Inc 12,568 60,466 2,659 14,400
Dte Energy Co 14,010 21,707 873 10,000
Duke Energy Corporation 24,636 76,808 2,765 28,344
Edison International 14,731 25,312 906 13,690
Exelon Corporation 34,832 51,685 1,876 0
Firstenergy Corp 11,009 21,168 1,098 15,557
Nisource Inc 9,404 45,143 503 0
Pg and e Corp 19,561 25,344 814 22,581
Ppl Corporation 6,227 22,064 -1,324 17,391
Paragon Offshore Plc 231 0 605 0
Public Service Enterprise Group Incorporated 9,036 31,979 -518 12,689
Sempra Energy 12,184 39,494 1,183 17,046
The Southern Company 22,463 67,102 2,951 26,369
Teco Energy Inc 5,014 0 198 4,400
TXU CORP 0 0 0 0
Williams companies inc 8,920 33,006 1,210 6,742
Xcel Energy Inc 24,038 35,127 1,570 11,589
Scana Corporation 3,531 6,833 -115 5,989
Pepco Holdings Inc 4,340 0 -212 2,374
Dyne Therapeutics Inc 3,055 677 286 1,679
Ameren Corporation 5,451 21,368 606 8,527
NORTHEAST UTILITIES 0 0 0 8,248
Nrg Energy Inc 22,752 8,957 2,863 9,806
Entergy Corporation 11,391 20,859 1,266 13,393
Eversource Energy 9,615 29,400 1,193 8,248
Mdu Resources Group Inc 5,623 5,714 404 9,598
Macquarie Infrastructure Holdings Llc 581 316 2,663 3,600
Anadarko Petroleum Corp 13,706 35,730 -288 6,100
Kinder Morgan Inc 15,300 35,343 1,819 11,535
Marathon Oil Corporation 4,497 12,064 -41 3,359
Agl Resources Inc. 7,905 0 331 5,165
PEOPLES ENERGY CORPORATION 0 0 0 0
Questar Gas Co 957 0 74 1,745
Sunoco Lp 15,195 3,225 507 22,500
Eqt Corporation 478 6,982 -2,893 1,750
Chesapeake Energy Corporation 5,083 5,926 -9,842 0
Sea Limited 4,376 0 -1,624 5,900
Oneok Inc 13,690 26,863 1,428 2,269
Qep Resources Inc 734 990 3 765
Encana Corp 6,933 5,234 1,160 2,200
Sprague Resources Lp 2,750 369 -105 600
Cnx Resources Corporation 1,039 2,956 -249 561
Peabody Energy Corp 2,791 1,167 -268 8,300
Cleveland cliffs Inc 17,354 11,001 2,208 5,386
Alpha Natural Resources, Inc. 0 0 0 12,400
Aim Exploration Inc. 0 0 -1 1
Nacco Industries Inc 166 221 59 3,600
Alliance Holdings Gp, L.p. 1,792 1,698 353 3,321
Alliance Resource Partners Lp 1,463 1,309 162 3,321
Armstrong Energy, Inc. 253 0 -63 637
Clean Coal Technologies Inc 0 2 -4 2
Cloud Peak Energy Inc. 799 12 -1,285 1,300
Concentrix Corporation 0 8,798 0 0
Foresight Energy Lp 672 24 -268 793
Hallador Energy Co 248 72 -1 742
Ramaco Resources Inc 247 527 16 268
Natural Resource Partners Lp 171 778 68 64
Royal Energy Resources, Inc. 232 20 -33 635
Westmoreland Coal Co 1,341 3 -56 2,950
Westmoreland Resource Partners, Lp 309 0 -36 570
Aurasource Inc 0 10 -1 4
Albertsons Companies Inc 68,956 20,456 720 0
SUBTOTAL 548,435 981,984 25,596 436,492


       
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