WEC Q4 2023 Earnings — WEC Energy Group, Inc. Revenue & Financial Results | Market Cap Arena

WECWEC Energy Group, Inc.

$38B

Q4 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$2.2B-13.3% YoY

Gross Profit

$903M40.7% margin

Operating Income

$341M15.4% margin

Net Income

$219M9.9% margin

EPS (Diluted)

$0.69

QoQ Revenue Growth

+13.3%

Cash Flow

Operating Cash Flow

$480M

Free Cash Flow

-$283M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$43.9B

Total Liabilities

$31.9B

Stockholders' Equity

$11.8B

Cash & Equivalents

$43M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.2B	$2.6B	-13.3%
Gross Profit	$903M	$743M	+21.5%
Operating Income	$341M	$380M	-10.3%
Net Income	$219M	$253M	-13.5%

Revenue Segments

Wisconsin

$1.6B68%

Illinois

$441M19%

Non-Utility Energy Infrastructure

$172M7%

Other States

$140M6%

Geographic Segments

Wisconsin

$1.6B68%

Illinois

$441M19%

Non-Utility Energy Infrastructure

$172M7%

Other States

$140M6%