Sector: Utilities|Industry: Utilities - Regulated Electric|Market Cap: $29.40B|Employees: 7K
WEC Energy Group is a diversified holding company focused on regulated natural gas and electricity, as well as non-regulated renewable energy. The company operates primarily in Wisconsin, Illinois, Michigan, and Minnesota, with a significant market position in the Midwest. WEC Energy Group has a competitive advantage through its diverse generation portfolio and its ability to provide reliable and affordable energy to its customers.
Operating revenues for the three months ended March 31, 2025, were $3,149.5 million, compared to $2,680.2 million for the same period in 2024, representing a notable increase. This growth suggests a strong performance in the company's core business activities.
Net income for the three months ended March 31, 2025, was $725.5 million, up from $622.6 million for the same period in 2024. This increase indicates improved profitability and efficient management of expenses.
Basic earnings per share (EPS) increased from $1.97 in 2024 to $2.28 in 2025, and diluted EPS increased from $1.97 to $2.27. This reflects improved profitability on a per-share basis, benefiting shareholders.