WEC Energy Group, Inc. (NYSE:WEC) Q2 2024 Earnings Conference Call July 31, 2024 2:00 PM ET Company Participants Scott Lauber - President and CEO Xia Liu - CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Jefferies Michael Sullivan - Wolfe Research Durgesh Chopra - Evercore ISI Carly Davenport - Goldman Sachs Andrew Weisel - Scotiabank Neil Kalton - Wells Fargo Securities Jeremy Tonet - JPMorgan Paul Patterson - Glenrock Associates Operator Good afternoon and welc ...

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 June 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 ___________________ | --- | --- | --- | --- | |---------------------------------------------------|-------|---------------------------------- ...

This quarterly report represents an earnings surprise of 4.69%. A quarter ago, it was expected that this electricity and natural gas provider would post earnings of $1.89 per share when it actually produced earnings of $1.97, delivering a surprise of 4.23%. WEC Energy shares have added about 1.7% since the beginning of the year versus the S&P 500's gain of 14%. Ahead of this earnings release, the estimate revisions trend for WEC Energy: unfavorable. While the magnitude and direction of estimate revisions co ...

WEC Energy Group, Inc. 231 W. Michigan St. Milwaukee, WI 53203 Beth Straka (investment community) 414-221-4639 beth.straka@wecenergygroup.com For the first six months of 2024, the company recorded net income of $833.6 million, or $2.64 per share – up from $797.2 million, or $2.52 per share, in the corresponding period a year ago. Retail deliveries of electricity – excluding the iron ore mine in Michigan's Upper Peninsula – were up by 0.5 percent in the second quarter of 2024, compared to the second quarter ...

"Despite the warmest winter on record, we're delivering solid results, and we're firmly on track for a strong 2024," said Scott Lauber, president and CEO. "We're focused on the fundamentals of our business — financial discipline, customer satisfaction and operating efficiency." On a weather-normal basis, retail deliveries of electricity during the second quarter of this year – excluding the iron ore mine — decreased by 0.3 percent. A conference call is scheduled for 1 p.m. Central time, Wednesday, July 31. ...

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights. The consensus estimate for 'Operating Revenues- Non-Utility Energy Infrastructure' stands at $171.53 million. The estimate suggests a change of +1.5% year over year. Shares of WEC Energy have demonstrated returns of +8.3% over the past month compared to the Zacks S&P 500 composite's ...

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To listen to webcast To listen to conference call WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 35,000 stockholders of record, 7,000 employees and more than $44 billion of assets. MILWAUKEE, July 24, 2024 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2024 second-quarter earnings news release before the stock market opens Wednesday, July 31. A conference call for investors and security analysts is scheduled for ...

Wall Street expects a year-over-year decline in earnings on higher revenues when WEC Energy Group (WEC) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business ...

Most dividend growth investors know how attractive NextEra Energy is, but have you ever heard of WEC Energy? If not, you'll want to. Sometimes a great company isn't that great an investment because it trades hands at a premium price. That's the big story around NextEra Energy (NEE 0.46%), which is up a dramatic 15% or so in 2024, compared to a 10% gain for the average utility. In comparison, WEC Energy (WEC -0.61%) trades down a couple of percentage points and is an attractive, though out-of-favor, high-yie ...