WEC Energy Group

WEC Energy Group, Inc. is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations. The Illinois segment deals with natural gas utility and non-utility activities. The Other States segment pertains to natural gas operations of the firm's subsidiaries. The Electric Transmission segment holds interests in state regulatory commissions. The Non-Utility Energy Infrastructure segment includes Wisconsin Electric Power, which owns and leases generating facilities. The Corporate and Other segment refers to the firm's administrative and holding activities. The company was founded in 1981 and is headquartered in Milwaukee, WI.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

WEC Energy Group posts robust earnings, eyes renewables for growth

WEC Energy Group's Q4 2022 earnings call highlighted strong financial performance, credit support, and strategic investments in renewables and infrastructure. Despite challenges like material shortages, the company remains optimistic about growth opportunities through acquisitions and innovative projects.

WEC Energy Group reports Q1 earnings impacted by mild weather

WEC Energy Group navigates mild weather impacts with initiatives to offset earnings. Focus on ESG investments and zero-carbon projects for sustainable growth. Challenges in demand trends and gas heating transition balanced by opportunities in earnings growth and solar investments.

WEC Energy Group meets Q2 earnings, focuses on innovation and growth

WEC Energy Group reports solid Q2 earnings in line with yearly guidance, emphasizing financial discipline and customer satisfaction. Strategic initiatives with Microsoft and regulatory progress highlight the company's commitment to innovation and growth. Challenges include managing equity issuance and regulatory complexities, while opportunities lie in renewable energy expansion and operational efficiency.

WEC Energy Group reports solid Q3 earnings and accelerates ESG investments

WEC Energy Group's performance in Q3 met expectations with a strong focus on ESG investments and renewable energy transition.
The company's strengths lie in its improving balance sheet metrics, strategic capital reallocation, and tax credit expectations.
Challenges include managing one-time expenses, regulatory hurdles in transitioning to natural gas, and aligning rate changes with inflation.
Opportunities include investments in renewables, leveraging economic growth, and potential O&M upside for a robust fourth quarter.

WEC Energy Group reports solid earnings, eyes growth in renewables

WEC Energy Group delivered strong financial performance in 2023 despite setbacks in Illinois. The company is focused on enhancing its infrastructure and customer satisfaction while navigating regulatory challenges. Opportunities for growth lie in expanding capital investments in Wisconsin and renewable energy projects.

WEC Energy Group exceeds Q1 earnings, invests in sustainability

WEC Energy Group's strong financial performance and strategic investments position it well for future growth and sustainability goals.
While facing challenges in cost management and customer-specific sales, the company has opportunities for revenue growth and operational enhancements.
Navigating regulatory changes and stakeholder expectations will be key, but the company's focus on reliability and cleaner energy sources is a strength.
Overall, WEC Energy Group's proactive approach to investments and operational improvements bodes well for its long-term success in a dynamic energy landscape.

WEC Energy Group surpasses Q2 earnings expectations, eyes sustainable growth

WEC Energy Group delivered strong financial performance in Q2 2024, exceeding earnings guidance and maintaining a positive outlook for the full year. The company's strategic investments in renewable energy and proactive approach to regulatory matters position it well for future growth. While facing challenges like project delays, WEC Energy Group remains focused on sustainable operations and shareholder value.

WEC Energy Group posts solid Q3 earnings, commits to renewable growth

WEC Energy Group's Q3 performance and strategic outlook reflect stability, growth, and commitment to sustainable energy solutions.
While facing challenges in cost considerations and regulatory engagements, the company is well-positioned to capitalize on growth opportunities.
By balancing financial sources, focusing on renewable energy investments, and planning for rate base growth, WEC Energy Group aims for long-term success.
The company's emphasis on carbon-free generation, infrastructure investments, and financial prudence underpins its resilience and strategic vision.

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WEC Energy Group, Inc. (NYSE:WEC ) Q2 2022 Earnings Conference Call August 2, 2022 2:00 PM ET Company Participants Gale Klappa - Executive Chairman Scott Lauber - President & Chief Executive Officer Xia Liu - Executive Vice President & Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Bank of America Durgesh Chopra - Evercore Jeremy Tonet - JPMorgan Michael Sullivan - Wolfe Research Anthony Crowdell - Mizuho Sophie Karp - KeyBanc Michael Lapides - Goldman Sachs Andrew Weisel - Scotia Howard Weil Paul Patterson - Glenrock Associates Operator Good afternoon and welcome to WEC Energy Group's Conference Call for Second Quarter 2022 Results. This call is being recorded for rebroadcast.

WEC Energy Group, Inc. (WEC) CEO Scott Lauber on Q2 2022 Results - Earnings Call Transcript

WEC Energy (WEC) delivered earnings and revenue surprises of 5.81% and 22.13%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

WEC Energy Group (WEC) Q2 Earnings and Revenues Surpass Estimates

Badger Meter

MILWAUKEE--(BUSINESS WIRE)--Badger Meter, Inc. (NYSE:BMI) today announced that Xia Liu, Executive Vice President and Chief Financial Officer of WEC Energy Group (NYSE:WEC), has been appointed to its Board of Directors. The appointment of Ms. Liu increases the size of the Board to ten members. Ms. Liu joined WEC Energy Group in her current role in June 2020 having overall responsibility for strategic and long-range financial planning, corporate forecasting and budgeting, investor relations, trea

Badger Meter Appoints Ms. Xia Liu to Its Board of Directors

MILWAUKEE, July 26, 2022 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2022 second-quarter earnings news release before the stock market opens Tuesday, Aug. 2. A conference call for investors and security analysts is scheduled for the same day at 1 p.m.

WEC Energy Group to announce 2022 second-quarter results Aug. 2

WEC Energy (WEC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can WEC Energy (WEC) Keep the Earnings Surprise Streak Alive?

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EDPFY or WEC: Which Is the Better Value Stock Right Now?

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DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc.'s board of directors has elected Charles Matthews to serve on the board effective July 6, 2022.

Charles Matthews Named to ALLETE Board of Directors

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On the back of a more robust estimate revision, solid capital investment and low debt-to-capital ratio, WEC Energy (WEC) seems better placed than Public Service Enterprise (PEG).

WEC or PEG: Which Utility Stock Should Be Your Pick in 2022?

The Utilities Sector has been an outperforming in 2022 as volatility and currency risks hit the broad market. WEC Energy has beaten its sector ETF's return this year amid strong execution and with a high dividend yield.

WEC Energy: Seeking Safety In A Domestic Utility Stock

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These quality income stocks could have 14% to 50%-plus upside over the next year.

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MILWAUKEE , June 23, 2022 /PRNewswire/ -- We Energies announced today that the company plans to extend the operating lives of the four older units at its Oak Creek site. The expected retirement of Units 5 and 6 will be delayed by a year, until May 2024.

We Energies announces new timeline for Oak Creek plant retirements

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Utilities like Sempra Energy (SRE), WEC Energy (WEC) and Hawaiian Electric (HE) have strong fundamentals, which will support their stable performance despite an increase in interest rates.

3 Utilities Worth Betting On Despite Ongoing Rate Increases

The heavy selling pressure might have exhausted for WEC Energy (WEC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down 9.9% in 4 Weeks, Here's Why You Should You Buy the Dip in WEC Energy (WEC)

NRG Energy

Inflation and the latest CPI report are red hot, and many stocks are getting burned. Consider dividend stocks with attractive yields and dividend metrics as a recession and inflationary defense. Investors are looking for stocks that can offer income. Some equities with high yields can be a great opportunity but can also be risky during volatile swings.

3 Recession-Resilient Dividend Stocks

WEC Energy (WEC) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Here is Why Growth Investors Should Buy WEC Energy (WEC) Now

WEC Energy (WEC) reported earnings 30 days ago. What's next for the stock?

Why Is WEC Energy (WEC) Up 5.5% Since Last Earnings Report?

CHICAGO , May 25, 2022 /PRNewswire/ -- Peoples Gas announced today that its customers who applied and qualified for heating assistance over the winter and spring will have all remaining past-due balances cleared and they will not be subject to disconnection. This marks the second straight heating season Peoples Gas customers with low-incomes have had their balances taken care of.

Peoples Gas works with federal and state officials to pay off heating bills for customers who have low incomes

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Here's Why WEC Energy Group (WEC) is a Strong Growth Stock

MILWAUKEE, May 5, 2022 /PRNewswire/ -- At WEC Energy Group's (NYSE: WEC) virtual annual meeting of stockholders today, Executive Chairman Gale Klappa and President and CEO Scott Lauber highlighted how the company is building a bridge to the future with aggressive environmental goals and a focus on affordable, reliable and clean energy. They also emphasized how the company's focus on efficiency and financial discipline — along with favorable weather and a solid economic recovery in the region — resulted in record net income and earnings per share.

Klappa, Lauber highlight a year of progress

WEC Energy's (WEC) first-quarter earnings beat estimates. The company raises its earnings per share guidance for 2022.

WEC Energy (WEC) Beats Q1 Earnings Estimates, Ups 2022 View

WEC Energy Group, Inc. (NYSE:WEC ) Q1 2022 Results Conference Call May 2, 2022 2:00 PM ET Company Participants Gale Klappa - Executive Chairman Scott Lauber - President & Chief Executive Officer Xia Liu - Chief Financial Officer Beth Straka - Senior Vice President, Corporate Communications and Investor Relations Conference Call Participants Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Bank of America Michael Sullivan - Wolfe Research Durgesh Chopra - Evercore ISI Jeremy Tonet - JP Morgan Anthony Crowdell - Mizuho Michael Lapides - Goldman Sachs Paul Patterson - Glenrock Associates Operator Good afternoon, and welcome to WEC Energy Group's Conference Call for First Quarter 2022 Results. This call is being recorded for rebroadcast and all participants are in a listen-only mode at this time.

WEC Energy Group, Inc. (WEC) CEO Scott Lauber on Q1 2022 Results - Earnings Call Transcript

WEC Energy (WEC) delivered earnings and revenue surprises of 7.83% and 3.78%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

WEC Energy Group (WEC) Q1 Earnings and Revenues Beat Estimates

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Let's focus on utility stocks WEC, OGS, OTTR and AWR that are scheduled to release first-quarter earnings on May 2.

Utility Stocks' Q1 Earnings Due on May 2: WEC, OGS & More

MILWAUKEE , April 28, 2022 /PRNewswire/ -- We Energies filed proposals with the Public Service Commission of Wisconsin (PSCW) today for regulatory reviews that will set customer rates for electricity, natural gas and steam for 2023. The filing comes as We Energies is in the midst of the largest clean energy transition in company history.

Clean energy investments and grid hardening part of We Energies rate plan

GREEN BAY, Wis. , April 28, 2022 /PRNewswire/ -- Wisconsin Public Service (WPS) filed proposals with the Public Service Commission of Wisconsin (PSCW) today for regulatory reviews that will set customer rates for electricity and natural gas for 2023.

News for WEC Energy Group Stock (WEC)