secwatch.observer — SEC 8-K summary
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Issuer:     WEC ENERGY GROUP, INC. (WEC)
CIK:        0000783325
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0000107815-23-000142
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WEC Energy Group Q1 net income $507.5M ($1.61/sh) vs $565.9M ($1.79/sh) YoY; reaffirms FY guidance
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- Net income $507.5M ($1.61 diluted EPS), down from $565.9M ($1.79) in Q1 2022.
- Consolidated revenues $2.9B, down $20M YoY due to mild winter.
- Natural gas deliveries in WI fell 10.5% (weather-normal -1.0%); retail electricity down 4.4% (weather-normal -1.9%).
- Company reaffirms 2023 annual EPS guidance of $4.58-$4.62, assuming normal weather.
- CEO Gale Klappa cites mildest winters in history as primary headwind.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/783325/000010781523000142/0000107815-23-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/783325/000010781523000142/wec-20230501.htm
  HTML page:      https://secwatch.observer/filing/0000107815-23-000142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer