WEC Energy Group 2023 adj EPS $4.63 (+4% YoY); Q4 adj EPS $1.10; dividend up 7%

WEC ENERGY GROUP, INC.

2023-FY EPS reported $4.22 revenue$8,893,000,000

Full-year 2023 GAAP EPS $4.22 vs $4.45 in 2022; revenue $8.9B, down $704M.
Adjusted EPS $4.63 excludes $0.41/share non-cash ICC disallowance charge.
Q4 2023 GAAP net income $218.5M ($0.69/share); adjusted Q4 EPS $1.10.
Board declared quarterly dividend $0.835/share (+7%), 21st consecutive annual increase.
Retail electricity deliveries down 2.6%; natural gas deliveries down 9.1% in 2023.

item 2.02 item 9.01

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 fourth quarter of 2023 results: net income $218.5 million, or 69 cents per share, EPS 69 cents per share.

Period: the fourth quarter of 2023
Net income: $218.5 million, or 69 cents per share
EPS: 69 cents per share
Result: reported results

Exact text from the filing

For the fourth quarter of 2023, WEC Energy Group recorded net income based on GAAP of $218.5 million, or 69 cents per share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WEC ENERGY GROUP, INC. reported the quarter and year ended December 31, 2023 results: revenue $8.9 billion, net income $1.3 billion, or $4.22 per share, EPS $4.22 per share.

Period: the quarter and year ended December 31, 2023
Revenue: $8.9 billion
Net income: $1.3 billion, or $4.22 per share
EPS: $4.22 per share
Result: reported results

Exact text from the filing

of 2022. Excluding the non-cash charge, WEC Energy Group's adjusted earnings for the fourth quarter of 2023 totaled $1.10 per share. Consolidated revenues for the full year were $8.9 billion, down $704.4 million from revenues in 2022. “We delivered another year of strong results in 2023, despite an historically warm start to the year and a disappointing regulatory

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Source: SEC EDGAR

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