WEC Q2 2024 Earnings — WEC Energy Group, Inc. Revenue & Financial Results | Market Cap Arena

WECWEC Energy Group, Inc.

$38B

Q2 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.8B-3.2% YoY

Gross Profit

$769M43.4% margin

Operating Income

$365M20.6% margin

Net Income

$212M11.9% margin

EPS (Diluted)

$0.67

QoQ Revenue Growth

-33.9%

Cash Flow

Operating Cash Flow

$1.0B

Free Cash Flow

$344M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$44.6B

Total Liabilities

$32.2B

Stockholders' Equity

$12.1B

Cash & Equivalents

$224M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$1.8B	-3.2%
Gross Profit	$769M	$801M	-4.0%
Operating Income	$365M	$425M	-14.2%
Net Income	$212M	$290M	-27.0%

Revenue Segments

Wisconsin

$1.4B72%

Illinois

$277M15%

Non-Utility Energy Infrastructure

$176M9%

Other States

$71M4%

Geographic Segments

Wisconsin

$1.4B72%

Illinois

$277M15%

Non-Utility Energy Infrastructure

$176M9%

Other States

$71M4%