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Wec Energy Group Inc   (WEC)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 

WEC's Operating Income Growth by Quarter and Year

Wec Energy Group Inc 's Operating Income results by quarter and year




WEC Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 380.40 326.80 370.50
III Quarter September 472.00 404.20 390.00 370.20
II Quarter June 425.30 408.20 368.80 338.80
I Quarter March 669.30 731.40 629.30 626.60
FY   1,566.60 1,924.20 1,714.90 1,706.10



WEC Operating Income third quarter 2023 Y/Y Growth Comment
Wec Energy Group Inc achieved in the third quarter 2023, above Company average Operating Income increase of 16.77% year on year, to $ 472.00 millions.

Looking into third quarter 2023 results within Electric Utilities industry 13 other companies have achieved higher Operating Income growth. While Wec Energy Group Inc ' s Operating Income growth of 16.77% ranks overall at the positon no. 662 in the third quarter 2023.

Explain Operating Income growth


WEC Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 16.4 % -11.79 % 2.04 %
III Quarter September 16.77 % 3.64 % 5.35 % 19.07 %
II Quarter June 4.19 % 10.68 % 8.85 % 7.69 %
I Quarter March -8.49 % 16.22 % 0.43 % 15.44 %
FY   - 12.2 % 0.52 % 11.41 %

Financial Statements
Wec Energy Group Inc 's third quarter 2023 Operating Income $ 472.00 millions WEC's Income Statement
Wec Energy Group Inc 's third quarter 2022 Operating Income $ 404.20 millions Quarterly WEC's Income Statement
New: More WEC's historic Operating Income Growth >>


WEC Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -5.89 % -16.21 % 0.08 %
III Quarter September 10.98 % -0.98 % 5.75 % 9.27 %
II Quarter June -36.46 % -44.19 % -41.4 % -45.93 %
I Quarter March 75.95 % 123.81 % 69.85 % 72.57 %
FY (Year on Year)   - 12.2 % 0.52 % 11.41 %




Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #14
Utilities Sector #31
Overall #662

Operating Income Y/Y Growth Statistics
High Average Low
100.3 % 9.63 % -31.12 %
(Jun 30 2016)   (Jun 30 2015)
Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #14
Utilities Sector #31
Overall #662
Operating Income Y/Y Growth Statistics
High Average Low
100.3 % 9.63 % -31.12 %
(Jun 30 2016)   (Jun 30 2015)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Wec Energy Group Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
123.81 % 9.29 % -53.79 %
(Mar 31 2022)  


WEC's III. Quarter Q/Q Operating Income Comment
Wec Energy Group Inc achieved in the III. Quarter 2023 above company average sequential Operating Income rise of 10.98%, to $ 472.00 millions, from $425.30 millions in the second quarter.
Electric Utilities company is going from strength to strength, with recording better then regular growth, and also improving pace, Marie Jacobs, market expert located in Frankfurt added.

Within Electric Utilities industry 25 other companies have achieved higher Operating Income quarter on quarter growth. While Wec Energy Group Inc 's Operating Income growth quarter on quarter, overall rank is 404.


Operating Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #26
Utilities Sector #36
Overall #404
Operating Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #26
Utilities Sector #36
Overall #404
Operating Income Q/Q Growth Statistics
High Average Low
123.81 % 9.29 % -53.79 %
(Mar 31 2022)  


WEC's III. Quarter Q/Q Operating Income Comment
Wec Energy Group Inc achieved in the III. Quarter 2023 above company average sequential Operating Income rise of 10.98%, to $ 472.00 millions, from $425.30 millions in the second quarter.
Wec Energy Group Inc is going from strength to strength, not just recording above average increase, but also accelerating speed.

Within Electric Utilities industry 25 other companies have achieved higher Operating Income quarter on quarter growth. While Wec Energy Group Inc 's Operating Income growth quarter on quarter, overall rank is 404.


Wec Energy Group Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Operating Income 12 Months Ending $ 1,947.00 $ 1,879.20 $ 1,862.10 $ 1,924.20 $ 1,870.60
Y / Y Operating Income Growth (TTM) 4.08 % 1.23 % 2.48 % 12.2 % 6.37 %
Year on Year Operating Income Growth Overall Ranking # 538 # 1047 # 1037 # 1026 # 856
Seqeuential Operating Income Change (TTM) 3.61 % 0.92 % -3.23 % 2.87 % 0.76 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1047 # 952 # 1045 # 1081 # 971




Cumulative Operating Income growth Comment
Although Wec Energy Group Inc 's Annual Operating Income growth year on year were below company's average 14.09% , Operating Income announced in the Sep 30 2023 period, show improvement in Operating Income trend, to cumulative trailing twelve month growth of 4.08% year on year, from 1.23% in Jun 30 2023.

Within the Utilities sector 32 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 538, from total ranking in previous quarter at 1047.

Operating Income TTM Q/Q Growth Statistics
High Average Low
258.75 %
14.09 %
-17.75 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 29
Utilities Sector # 33
Overall # 538

Operating Income TTM Y/Y Growth Statistics
High Average Low
258.75 %
14.09 %
-17.75 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 29
Sector # 59
S&P 500 # 1047
Cumulative Operating Income growth Comment
Although Wec Energy Group Inc 's Annual Operating Income growth year on year were below company's average 14.09% , Operating Income announced in the Sep 30 2023 period, show improvement in Operating Income trend, to cumulative trailing twelve month growth of 4.08% year on year, from 1.23% in Jun 30 2023.

Within the Utilities sector 32 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 538, from total ranking in previous quarter at 1047.

Operating Income TTM Q/Q Growth Statistics
High Average Low
258.75 %
14.09 %
-17.75 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 29
Utilities Sector # 33
Overall # 538

Operating Income TTM Y/Y Growth Statistics
High Average Low
258.75 %
14.09 %
-17.75 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 29
Sector # 59
S&P 500 # 1047




Other Operating Income Growth
Electric Utilities Industry Operating Income Growth Trends and Statistics
Utilities Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
WEC's Operating Income Growth Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for WEC's Competitors
Operating Income Growth for Wec Energy Group Inc 's Suppliers
Operating Income Growth for WEC's Customers

You may also want to know
WEC's Annual Growth Rates WEC's Profitability Ratios WEC's Asset Turnover Ratio WEC's Dividend Growth
WEC's Roe WEC's Valuation Ratios WEC's Financial Strength Ratios WEC's Dividend Payout Ratio
WEC's Roa WEC's Inventory Turnover Ratio WEC's Growth Rates WEC's Dividend Comparisons



Companies with similar Operating Income rise for the quarter ending Sep 30 2023 within Utilities SectorY/Y Change %Operating Income for the quarter ending Sep 30 2023
American States Water Co28.29%$ 28.287 millions
Ppl Corporation28.15%$ 28.152 millions
Ngl Energy Partners Lp25.10%$ 25.098 millions
Pinnacle West Capital Corporation23.63%$ 23.634 millions
Montauk Renewables Inc 23.10%$ 23.100 millions
Black Hills Corporation23.01%$ 23.015 millions
York Water Co23.00%$ 23.002 millions
One Gas Inc 21.57%$ 21.574 millions
Williams companies inc 21.22%$ 21.220 millions
Southwest Gas Holdings Inc 20.61%$ 20.614 millions
Ipalco Enterprises Inc 20.19%$ 20.186 millions
Entergy Corporation19.76%$ 19.763 millions
Targa Resources Corp 17.47%$ 17.465 millions
Wec Energy Group Inc 16.77%$ 16.774 millions
Northwestern Corp15.19%$ 15.190 millions
Transmontaigne Partners llc13.97%$ 13.971 millions
Wisconsin Electric Power Company13.80%$ 13.799 millions
Energy Transfer Lp13.18%$ 13.178 millions
Boardwalk Pipeline Partners Lp11.85%$ 11.849 millions
Transcontinental Gas Pipe Line Company Llc11.34%$ 11.339 millions
Unitil Corporation11.11%$ 11.111 millions
Exelon Corporation11.08%$ 11.078 millions
Essential Utilities Inc 9.17%$ 9.172 millions
American Water Works Company Inc 8.88%$ 8.884 millions
Chesapeake Utilities Corp8.47%$ 8.473 millions




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