WEC Energy Q2 EPS $0.92, up $0.01 YoY; reaffirms FY23 guidance $4.58-4.62

WEC ENERGY GROUP, INC.

Net income Q2 $289.7M, EPS $0.92 vs $0.91 last year; 1H net income $797.2M ($2.52) down from $853.4M ($2.70).
Consolidated revenues 1H $4.7B, down $317.9M from prior year.
Retail electricity deliveries (ex-mine) down 3.0% in Q2; weather-normalized down 0.6%.
Reaffirmed FY2023 EPS guidance $4.58-$4.62, assuming normal weather rest of year.
Executive Chairman Gale Klappa cites solid Q2 after warm winter Q1.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WEC ENERGY GROUP, INC. reported the six months ended June 30, 2023 results: revenue $4.7 billion, net income $797.2 million, or $2.52 per share, EPS $2.52 per share. Guidance reaffirmed.

Period: the six months ended June 30, 2023
Revenue: $4.7 billion
Net income: $797.2 million, or $2.52 per share
EPS: $2.52 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

For the first six months of 2023, the company recorded net income of $797.2 million, or $2.52 per share – down from $853.4 million, or $2.70 per share, in the corresponding period a year ago. Consolidated revenues totaled $4.7 billion for the first six months of 2023

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WEC ENERGY GROUP, INC. reported the quarter ended June 30, 2023 results: net income $289.7 million, or 92 cents per share, EPS 92 cents per share. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Net income: $289.7 million, or 92 cents per share
EPS: 92 cents per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

WEC Energy Group reports second-quarter results MILWAUKEE – WEC Energy Group (NYSE: WEC) today reported net income of $289.7 million, or 92 cents per share, for the second quarter of 2023

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

WEC ENERGY GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000107815-23-000191

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.