WEC Q1 2023 Earnings — WEC Energy Group, Inc. Revenue & Financial Results | Market Cap Arena

WECWEC Energy Group, Inc.

$38B

Q1 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$2.9B-0.7% YoY

Gross Profit

$1.0B36.2% margin

Operating Income

$669M23.2% margin

Net Income

$508M17.6% margin

EPS (Diluted)

$1.61

QoQ Revenue Growth

+12.9%

Cash Flow

Operating Cash Flow

$796M

Free Cash Flow

$297M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$42.8B

Total Liabilities

$30.8B

Stockholders' Equity

$11.7B

Cash & Equivalents

$36M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.9B	$2.9B	-0.7%
Gross Profit	$1.0B	$1.1B	-2.4%
Operating Income	$669M	$731M	-8.5%
Net Income	$508M	$566M	-10.3%

Revenue Segments

Wisconsin

$2.0B66%

Illinois

$600M20%

Other States

$250M8%

Non-Utility Energy Infrastructure

$166M6%

Geographic Segments

Wisconsin

$2.0B66%

Illinois

$600M20%

Other States

$250M8%

Non-Utility Energy Infrastructure

$166M6%