WEC Q2 2022 Earnings — WEC Energy Group, Inc. Revenue & Financial Results | Market Cap Arena

WECWEC Energy Group, Inc.

$38B

Q2 2022 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$2.1B+26.9% YoY

Gross Profit

$744M35.0% margin

Operating Income

$408M19.2% margin

Net Income

$288M13.5% margin

EPS (Diluted)

$0.91

QoQ Revenue Growth

-26.8%

Cash Flow

Operating Cash Flow

$686M

Free Cash Flow

$41M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$39.6B

Total Liabilities

$28.1B

Stockholders' Equity

$11.3B

Cash & Equivalents

$30M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.1B	$1.7B	+26.9%
Gross Profit	$744M	$687M	+8.4%
Operating Income	$408M	$369M	+10.7%
Net Income	$288M	$276M	+4.2%

Revenue Segments

Wisconsin

$1.6B69%

Illinois

$442M20%

Non-Utility Energy Infrastructure

$144M6%

Other States

$100M4%

Geographic Segments

Wisconsin

$1.6B69%

Illinois

$442M20%

Non-Utility Energy Infrastructure

$144M6%

Other States

$100M4%