WEC Q1 2024 Earnings — WEC Energy Group, Inc. Revenue & Financial Results | Market Cap Arena

WECWEC Energy Group, Inc.

$38B

Q1 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$2.7B-7.2% YoY

Gross Profit

$1.2B45.6% margin

Operating Income

$813M30.3% margin

Net Income

$623M23.2% 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

$1.8B64%

Illinois

$666M24%

Other States

$185M7%

Non-Utility Energy Infrastructure

$171M6%

Geographic Segments

Wisconsin

$1.8B64%

Illinois

$666M24%

Other States

$185M7%

Non-Utility Energy Infrastructure

$171M6%