WEC Q4 2022 Earnings — WEC Energy Group, Inc. Revenue & Financial Results | Market Cap Arena

WECWEC Energy Group, Inc.

$38B

Q4 2022 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$2.6B+16.2% YoY

Gross Profit

$743M29.0% margin

Operating Income

$380M14.9% margin

Net Income

$253M9.9% margin

EPS (Diluted)

$0.80

QoQ Revenue Growth

+27.7%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

-$632M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$41.9B

Total Liabilities

$30.3B

Stockholders' Equity

$11.4B

Cash & Equivalents

$29M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.6B	$2.2B	+16.2%
Gross Profit	$743M	$655M	+13.4%
Operating Income	$380M	$327M	+16.4%
Net Income	$253M	$224M	+12.8%

Revenue Segments

Wisconsin

$1.8B67%

Illinois

$536M20%

Other States

$209M8%

Non-Utility Energy Infrastructure

$147M5%

Geographic Segments

Wisconsin

$1.8B67%

Illinois

$536M20%

Other States

$209M8%

Non-Utility Energy Infrastructure

$147M5%