WEC Q3 2023 Earnings — WEC Energy Group, Inc. Revenue & Financial Results | Market Cap Arena

WECWEC Energy Group, Inc.

$38B

Q3 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$2.0B-2.3% YoY

Gross Profit

$853M43.6% margin

Operating Income

$472M24.1% margin

Net Income

$316M16.2% margin

EPS (Diluted)

$1.00

QoQ Revenue Growth

+7.0%

Cash Flow

Operating Cash Flow

$784M

Free Cash Flow

$128M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$43.4B

Total Liabilities

$31.3B

Stockholders' Equity

$11.8B

Cash & Equivalents

$46M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$2.0B	-2.3%
Gross Profit	$853M	$744M	+14.8%
Operating Income	$472M	$404M	+16.8%
Net Income	$316M	$302M	+4.7%

Revenue Segments

Wisconsin

$1.6B78%

Illinois

$243M12%

Non-Utility Energy Infrastructure

$160M8%

Other States

$48M2%

Geographic Segments

Wisconsin

$1.6B78%

Illinois

$243M12%

Non-Utility Energy Infrastructure

$160M8%

Other States

$48M2%