WEC Energy Group posts 2022 EPS $4.45 (+8.3% YoY); reaffirms 2023 guidance at $4.58-$4.62

WEC ENERGY GROUP, INC.

2022-FY EPS reported $4.45 revenue$9,597,400,000

Net income $1.4B ($4.45 EPS) for 2022 vs $1.3B ($4.11) in 2021; Q4 EPS $0.80 vs $0.71.
Consolidated revenues $9.6B for 2022, up $1.3B YoY.
2023 EPS guidance reaffirmed: $4.58-$4.62 (midpoint $4.60, +6.7% from 2022 original midpoint).
Quarterly dividend increased 7.2% to $0.78/share, declared Jan 19.
Natural gas deliveries in Wisconsin +10.2% in 2022; retail electricity deliveries -0.2% (ex-iron ore mine).

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WEC ENERGY GROUP, INC. updated its the quarter and year ended December 31, 2022 guidance (reaffirmed).

Period: the quarter and year ended December 31, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

WEC Energy Group, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 2022.

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Source: SEC EDGAR

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