WEC Energy Group Q2 net income $211.3M ($0.67/share), down from $289.7M; reaffirms FY2024 guidance $4.80-$4.90

WEC ENERGY GROUP, INC.

Q2 net income $211.3M ($0.67 EPS) vs $289.7M ($0.92 EPS) year ago; six-month net income $833.6M ($2.64 EPS) vs $797.2M ($2.52 EPS).
First-half revenues $4.5B, down $265.9M from 2023.
Retail electricity deliveries (ex-iron ore mine) up 0.5% Q2; weather-normal basis down 0.3%.
FY2024 EPS guidance reaffirmed at $4.80-$4.90 assuming normal weather.
CEO Scott Lauber says company is 'on track for a strong 2024' despite warmest winter on record.

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