WEC Q3 2024 Earnings — WEC Energy Group, Inc. Revenue & Financial Results | Market Cap Arena

WECWEC Energy Group, Inc.

$38B

Q3 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.9B-4.8% YoY

Gross Profit

$776M41.6% margin

Operating Income

$384M20.6% margin

Net Income

$240M12.9% margin

EPS (Diluted)

$0.76

QoQ Revenue Growth

+5.2%

Cash Flow

Operating Cash Flow

$729M

Free Cash Flow

-$67M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$45.2B

Total Liabilities

$32.8B

Stockholders' Equity

$12.1B

Cash & Equivalents

$323M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.9B	$2.0B	-4.8%
Gross Profit	$776M	$853M	-9.1%
Operating Income	$384M	$472M	-18.7%
Net Income	$240M	$316M	-24.0%

Revenue Segments

Wisconsin

$1.6B80%

Illinois

$174M9%

Non-Utility Energy Infrastructure

$163M8%

Other States

$53M3%

Geographic Segments

Wisconsin

$1.6B80%

Illinois

$174M9%

Non-Utility Energy Infrastructure

$163M8%

Other States

$53M3%