WEC Q2 2023 Earnings — WEC Energy Group, Inc. Revenue & Financial Results | Market Cap Arena

WECWEC Energy Group, Inc.

$38B

Q2 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.8B-14.0% YoY

Gross Profit

$801M43.8% margin

Operating Income

$425M23.2% margin

Net Income

$290M15.8% margin

EPS (Diluted)

$0.92

QoQ Revenue Growth

-36.6%

Cash Flow

Operating Cash Flow

$958M

Free Cash Flow

$384M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$43.0B

Total Liabilities

$31.0B

Stockholders' Equity

$11.7B

Cash & Equivalents

$55M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$2.1B	-14.0%
Gross Profit	$801M	$744M	+7.7%
Operating Income	$425M	$408M	+4.2%
Net Income	$290M	$288M	+0.9%

Revenue Segments

Wisconsin

$1.4B73%

Illinois

$274M14%

Non-Utility Energy Infrastructure

$169M9%

Other States

$82M4%

Geographic Segments

Wisconsin

$1.4B73%

Illinois

$274M14%

Non-Utility Energy Infrastructure

$169M9%

Other States

$82M4%