WEC Energy Group, Inc.

WEC
Sector

Utilities

Industry

Utilities - Regulated Electric

Market Cap

$29.40B

Employees

7K

Company Overview

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.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

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.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights