WEC Q1 2022 Earnings — WEC Energy Group, Inc. Revenue & Financial Results | Market Cap Arena

WECWEC Energy Group, Inc.

$38B

Q1 2022 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$2.9B+8.1% YoY

Gross Profit

$1.1B36.8% margin

Operating Income

$731M25.2% margin

Net Income

$566M19.5% margin

EPS (Diluted)

$1.79

QoQ Revenue Growth

+32.1%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

$693M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$39.0B

Total Liabilities

$27.5B

Stockholders' Equity

$11.3B

Cash & Equivalents

$34M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.9B	$2.7B	+8.1%
Gross Profit	$1.1B	$946M	+13.2%
Operating Income	$731M	$629M	+16.2%
Net Income	$566M	$510M	+10.9%

Revenue Segments

Wisconsin

$1.9B64%

Illinois

$682M23%

Other States

$241M8%

Non-Utility Energy Infrastructure

$160M5%

Geographic Segments

Wisconsin

$1.9B64%

Illinois

$682M23%

Other States

$241M8%

Non-Utility Energy Infrastructure

$160M5%