---
schema_version: "secwatch.filing_event.v1"
accession: "0000107815-24-000085"
form_type: "8-K"
ticker: "WEC"
cik: "0000783325"
company_name: "WEC ENERGY GROUP, INC."
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T12:14:55.024357+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000107815-24-000085
- form_type: 8-K
- ticker: WEC
- cik: 0000783325
- company_name: WEC ENERGY GROUP, INC.
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/783325/000010781524000085/0000107815-24-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/783325/000010781524000085/wec-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000107815-24-000085
- JSON: https://secwatch.observer/filing/0000107815-24-000085.json
- Plain text: https://secwatch.observer/filing/0000107815-24-000085.txt

## Key facts
- Earnings Releases
  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
  source text: For the fourth quarter of 2023, WEC Energy Group recorded net income based on GAAP of $218.5 million, or 69 cents per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/783325/000010781524000085/0000107815-24-000085-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/783325/000010781524000085/0000107815-24-000085-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.