WEC Energy Group, Inc. (WEC)
NYSE: WEC · Real-Time Price · USD
105.77
-3.21 (-2.95%)
At close: Mar 11, 2025, 4:00 PM
103.41
-2.36 (-2.23%)
After-hours: Mar 11, 2025, 6:22 PM EST
WEC Energy Group Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2019 - 2015 |
|---|---|---|---|---|---|---|
Period Ending | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2019 - 2015 |
| Revenue | 8,600 | 8,893 | 9,597 | 8,316 | 7,242 | Upgrade
|
| Revenue Growth (YoY) | -3.30% | -7.34% | 15.41% | 14.83% | -3.74% | Upgrade
|
| Operations & Maintenance | 2,152 | 2,095 | 1,931 | 2,002 | 2,027 | Upgrade
|
| Selling, General & Admin | 5.8 | 5.9 | 7 | 3.6 | 5.7 | Upgrade
|
| Depreciation & Amortization | 1,355 | 1,264 | 1,123 | 1,074 | 975.9 | Upgrade
|
| Other Operating Expenses | 3,006 | 3,539 | 4,717 | 3,449 | 2,486 | Upgrade
|
| Total Operating Expenses | 6,519 | 6,904 | 7,778 | 6,529 | 5,494 | Upgrade
|
| Operating Income | 2,081 | 1,989 | 1,820 | 1,787 | 1,747 | Upgrade
|
| Interest Expense | -816.5 | -728.6 | -516.3 | -472.3 | -494.9 | Upgrade
|
| Interest Income | 17.2 | 3.9 | 1.2 | - | - | Upgrade
|
| Net Interest Expense | -799.3 | -724.7 | -515.1 | -472.3 | -494.9 | Upgrade
|
| Income (Loss) on Equity Investments | 212.2 | 176.4 | 204 | 178 | 178.2 | Upgrade
|
| Allowance for Equity Funds for Construction | 59.8 | 59.1 | 29.4 | - | - | Upgrade
|
| Other Non-Operating Income (Expenses) | 180.2 | 213.5 | 193.3 | 41.1 | 35.9 | Upgrade
|
| EBT Excluding Unusual Items | 1,734 | 1,714 | 1,731 | 1,534 | 1,467 | Upgrade
|
| Asset Writedown | -12.1 | -178.9 | - | - | - | Upgrade
|
| Other Unusual Items | 23.1 | 0.5 | - | -36.3 | -38.4 | Upgrade
|
| Pretax Income | 1,745 | 1,535 | 1,731 | 1,498 | 1,428 | Upgrade
|
| Income Tax Expense | 222 | 204.6 | 322.9 | 200.3 | 227.9 | Upgrade
|
| Earnings From Continuing Ops. | 1,523 | 1,331 | 1,409 | 1,297 | 1,200 | Upgrade
|
| Minority Interest in Earnings | 4.1 | 1.2 | -0.4 | 3 | -0.3 | Upgrade
|
| Net Income | 1,527 | 1,332 | 1,408 | 1,300 | 1,200 | Upgrade
|
| Net Income to Common | 1,527 | 1,332 | 1,408 | 1,300 | 1,200 | Upgrade
|
| Net Income Growth | 14.68% | -5.43% | 8.29% | 8.37% | 5.81% | Upgrade
|
| Shares Outstanding (Basic) | 316 | 315 | 315 | 315 | 315 | Upgrade
|
| Shares Outstanding (Diluted) | 317 | 316 | 316 | 316 | 317 | Upgrade
|
| Shares Change (YoY) | 0.19% | -0.06% | -0.06% | -0.06% | -0.06% | Upgrade
|
| EPS (Basic) | 4.83 | 4.22 | 4.46 | 4.12 | 3.80 | Upgrade
|
| EPS (Diluted) | 4.83 | 4.22 | 4.45 | 4.11 | 3.79 | Upgrade
|
| EPS Growth | 14.45% | -5.17% | 8.27% | 8.44% | 5.87% | Upgrade
|
| Free Cash Flow | 430.7 | 525.5 | -254.2 | -220.1 | -42.8 | Upgrade
|
| Free Cash Flow Per Share | 1.36 | 1.66 | -0.80 | -0.70 | -0.14 | Upgrade
|
| Dividend Per Share | 3.340 | 3.120 | 2.910 | 2.710 | 2.530 | Upgrade
|
| Dividend Growth | 7.05% | 7.22% | 7.38% | 7.11% | 7.20% | Upgrade
|
| Profit Margin | 17.76% | 14.97% | 14.67% | 15.64% | 16.57% | Upgrade
|
| Free Cash Flow Margin | 5.01% | 5.91% | -2.65% | -2.65% | -0.59% | Upgrade
|
| EBITDA | 3,436 | 3,253 | 2,942 | 2,861 | 2,723 | Upgrade
|
| EBITDA Margin | 39.95% | 36.58% | 30.66% | 34.41% | 37.60% | Upgrade
|
| D&A For EBITDA | 1,355 | 1,264 | 1,123 | 1,074 | 975.9 | Upgrade
|
| EBIT | 2,081 | 1,989 | 1,820 | 1,787 | 1,747 | Upgrade
|
| EBIT Margin | 24.20% | 22.37% | 18.96% | 21.49% | 24.13% | Upgrade
|
| Effective Tax Rate | 12.72% | 13.33% | 18.65% | 13.37% | 15.96% | Upgrade
|
Source: S&P Capital IQ. Utility template. Financial Sources.