WEC Energy Group, Inc. (WEC)

WEC Energy Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	9,547	8,600	8,893	9,597	8,316	7,242
Revenue Growth (YoY)	11.88%	-3.30%	-7.34%	15.41%	14.84%	-3.74%
Operations & Maintenance	2,322	2,152	2,095	1,931	2,002	2,027
Selling, General & Admin	5.8	5.8	5.9	7	3.6	5.7
Depreciation & Amortization	1,446	1,355	1,264	1,123	1,074	975.9
Other Operating Expenses	3,451	3,006	3,539	4,717	3,449	2,486
Total Operating Expenses	7,224	6,519	6,904	7,778	6,529	5,494
Operating Income	2,323	2,081	1,989	1,820	1,787	1,747
Interest Expense	-887.1	-816.5	-728.6	-516.3	-472.3	-494.9
Interest Income	17.2	17.2	3.9	1.2	-	-
Net Interest Expense	-869.9	-799.3	-724.7	-515.1	-472.3	-494.9
Income (Loss) on Equity Investments	234.2	212.2	176.4	204	178	178.2
Allowance for Equity Funds for Construction	59.8	59.8	59.1	29.4	-	-
Other Non-Operating Income (Expenses)	117.1	180.2	213.5	193.3	41.1	35.9
EBT Excluding Unusual Items	1,864	1,734	1,714	1,731	1,534	1,467
Asset Writedown	-12.1	-12.1	-178.9	-	-	-
Other Unusual Items	14.3	23.1	0.5	-	-36.3	-38.4
Pretax Income	1,866	1,745	1,535	1,731	1,498	1,428
Income Tax Expense	175.7	222	204.6	322.9	200.3	227.9
Earnings From Continuing Ops.	1,691	1,523	1,331	1,409	1,297	1,200
Minority Interest in Earnings	3.8	4.1	1.2	-0.4	3	-0.3
Net Income	1,694	1,527	1,332	1,408	1,300	1,200
Net Income to Common	1,694	1,527	1,332	1,408	1,300	1,200
Net Income Growth	31.13%	14.68%	-5.43%	8.29%	8.37%	5.81%
Shares Outstanding (Basic)	320	316	315	315	315	315
Shares Outstanding (Diluted)	321	317	316	316	316	317
Shares Change (YoY)	1.59%	0.19%	-0.06%	-0.06%	-0.06%	-0.06%
EPS (Basic)	5.30	4.83	4.22	4.46	4.12	3.80
EPS (Diluted)	5.28	4.83	4.22	4.45	4.11	3.79
EPS Growth	28.97%	14.45%	-5.17%	8.27%	8.44%	5.87%
Free Cash Flow	-404.9	430.7	525.5	-254.2	-220.1	-42.8
Free Cash Flow Per Share	-1.26	1.36	1.66	-0.80	-0.70	-0.14
Dividend Per Share	3.513	3.340	3.120	2.910	2.710	2.530
Dividend Growth	6.93%	7.05%	7.22%	7.38%	7.12%	7.20%
Profit Margin	17.75%	17.76%	14.97%	14.67%	15.64%	16.57%
Free Cash Flow Margin	-4.24%	5.01%	5.91%	-2.65%	-2.65%	-0.59%
EBITDA	3,769	3,436	3,253	2,942	2,861	2,723
EBITDA Margin	39.48%	39.95%	36.58%	30.66%	34.41%	37.60%
D&A For EBITDA	1,446	1,355	1,264	1,123	1,074	975.9
EBIT	2,323	2,081	1,989	1,820	1,787	1,747
EBIT Margin	24.33%	24.20%	22.37%	18.96%	21.49%	24.13%
Effective Tax Rate	9.41%	12.72%	13.33%	18.65%	13.38%	15.96%

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q