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WEC Energy(WEC) - 2024 Q3 - Quarterly Report
2024-11-01 14:48
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ___________________ | --- | --- | --- | |----------------------------------------------------------------------|------------------------ ...
WEC Energy(WEC) - 2024 Q3 - Earnings Call Transcript
2024-10-31 22:20
WEC Energy Group, Inc. (NYSE:WEC) Q3 2024 Earnings Conference Call October 31, 2024 2:00 PM ET Company Participants Scott Lauber - President & Chief Executive Officer Xia Liu - Chief Financial Officer Beth Straka - Senior Vice President of Corporate Communications & Investor Relations Conference Call Participants Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Jefferies Michael Sullivan - Wolfe Research Neil Kalton - Wells Fargo Securities Andrew Weisel - Scotiabank Sophie Karp - KeyBanc Capital ...
WEC Energy(WEC) - 2024 Q3 - Earnings Call Presentation
2024-10-31 18:28
Investing in Efficiency, Sustainability and Growth Investor Update: October 2024 1 Cautionary Statement Regarding Forward-Looking Information Much of the information contained in this presentation is forward-looking information based upon management's current expectations and projections that involve risks and uncertainties. Forward-looking information includes, among other things, information concerning earnings per share, rate case activity, earnings per share growth, cash flow, sources of revenue, divide ...
WEC Energy Q3 Earnings Beat Estimates, Revenues Miss
ZACKS· 2024-10-31 13:50
WEC Energy Group (WEC) reported third-quarter 2024 earnings of 82 cents per share, which beat the Zacks Consensus Estimate of 70 cents by 17.1%. However, the bottom line declined 18% from the year-ago quarter’s $1.00.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.RevenuesOperating revenues of $1.86 billion missed the Zacks Consensus Estimate of $1.93 billion by around 3.5%. The top line also declined 4.8% from $1.96 billion recorded in the year-ago quarter. Highlights of the Releas ...
WEC Energy Group (WEC) Q3 Earnings Surpass Estimates
ZACKS· 2024-10-31 13:20
WEC Energy Group (WEC) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $1 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.14%. A quarter ago, it was expected that this electricity and natural gas provider would post earnings of $0.64 per share when it actually produced earnings of $0.67, delivering a surprise of 4.69%.Over the last fo ...
WEC Energy(WEC) - 2024 Q3 - Quarterly Results
2024-10-31 11:27
Exhibit 99.1 News WEC Energy Group, Inc. 231 W. Michigan St. Milwaukee, WI 53203 Media Line 414-221-4444 From: Brendan Conway (media) 414-221-4444 brendan.conway@wecenergygroup.com Beth Straka (investment community) 414-221-4639 beth.straka@wecenergygroup.com October 31, 2024 WEC Energy Group reports third-quarter results MILWAUKEE – WEC Energy Group (NYSE: WEC) today reported net income of $240.1 million, or 76 cents per share, for the third quarter of 2024. This compares to earnings of $316.0 million, or ...
WEC Energy Group reports third-quarter results
Prnewswire· 2024-10-31 11:00
MILWAUKEE, Oct. 31, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $240.1 million, or 76 cents per share, for the third quarter of 2024. This compares to earnings of $316.0 million, or $1.00 per share, for last year's third quarter.Third-quarter 2024 earnings include a charge of 6 cents per share related to certain capital expenditures under the Qualifying Infrastructure Plant (QIP) rider that were disallowed by the Illinois Commerce Commission. Excluding this charge, WEC Ene ...
WEC Energy: 3 Reasons Why The Stock Isn't A Sell Going Into Q3 Earnings
Seeking Alpha· 2024-10-28 18:27
Analyst's Disclosure: I/we have a beneficial long position in the shares of WEC, SO, DUK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The contents of this article, my previous articles, and my comments are for informational purposes only and may not be considered inve ...
WEC Energy Group to announce 2024 third-quarter results October 31
Prnewswire· 2024-10-24 16:00
MILWAUKEE, Oct. 24, 2024 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2024 third-quarter earnings news release before the stock market opens Thursday, Oct. 31. A conference call for investors and security analysts is scheduled for the same day at 1 p.m. Central time.Detailed financial information will be available on the WEC Energy Group website by 6:30 a.m. Central time Oct. 31.To listen to webcastGo to wecenergygroup.com.Under 'Webcasts,' select 'Q3 Earnings' at any point within 15 min ...
ETR vs. WEC: Which Stock Is the Better Value Option?
ZACKS· 2024-10-18 16:45
Investors looking for stocks in the Utility - Electric Power sector might want to consider either Entergy (ETR) or WEC Energy Group (WEC) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, ...