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WEC Q1 2024 Earnings — WEC Energy Group, Inc. Revenue & Financial Results | Market Cap Arena
WEC
WEC Energy Group, Inc.
$38B
Q1 2024 Earnings
Utilities
Regulated Electric
Income Statement
Revenue
$2.7B
-7.2% YoY
Gross Profit
$1.2B
45.6% margin
Operating Income
$813M
30.3% margin
Net Income
$623M
23.2% margin
EPS (Diluted)
$1.97
QoQ Revenue Growth
+20.9%
Cash Flow
Operating Cash Flow
$864M
Free Cash Flow
$419M
Stock-Based Comp.
$0
Balance Sheet
Total Assets
$43.9B
Total Liabilities
$31.5B
Stockholders' Equity
$12.1B
Cash & Equivalents
$39M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$2.7B
$2.9B
-7.2%
Gross Profit
$1.2B
$1.0B
+17.0%
Operating Income
$813M
$669M
+21.5%
Net Income
$623M
$508M
+22.6%
Revenue Segments
Wisconsin
$1.8B
64%
Illinois
$666M
24%
Other States
$185M
7%
Non-Utility Energy Infrastructure
$171M
6%
Geographic Segments
Wisconsin
$1.8B
64%
Illinois
$666M
24%
Other States
$185M
7%
Non-Utility Energy Infrastructure
$171M
6%
← FY 2024
All Quarters
Q2 2024 →