secwatch.observer — SEC 8-K summary
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Issuer:     WEC ENERGY GROUP, INC. (WEC)
CIK:        0000783325
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000107815-24-000198
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/783325/000010781524000198/0000107815-24-000198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/783325/000010781524000198/wec-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000107815-24-000198

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