WEC Q3 2022 Earnings — WEC Energy Group, Inc. Revenue & Financial Results | Market Cap Arena

WECWEC Energy Group, Inc.

$38B

Q3 2022 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$2.0B+14.7% YoY

Gross Profit

$744M37.1% margin

Operating Income

$404M20.2% margin

Net Income

$302M15.1% margin

EPS (Diluted)

$0.96

QoQ Revenue Growth

-5.9%

Cash Flow

Operating Cash Flow

$297M

Free Cash Flow

-$375M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$40.8B

Total Liabilities

$29.2B

Stockholders' Equity

$11.4B

Cash & Equivalents

$29M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$1.7B	+14.7%
Gross Profit	$744M	$712M	+4.4%
Operating Income	$404M	$390M	+3.6%
Net Income	$302M	$290M	+4.1%

Revenue Segments

Wisconsin

$1.7B79%

Illinois

$230M11%

Non-Utility Energy Infrastructure

$140M7%

Other States

$69M3%

Geographic Segments

Wisconsin

$1.7B79%

Illinois

$230M11%

Non-Utility Energy Infrastructure

$140M7%

Other States

$69M3%