WEC Energy Group Q3 GAAP EPS $0.76 vs $1.00 YoY; ICC charge of $0.06 drags adjusted to $0.82

WEC ENERGY GROUP, INC.

GAAP net income $240.1M ($0.76 EPS), down from $316.0M ($1.00 EPS) a year ago; adjusted EPS $0.82 excludes $0.06 ICC disallowance charge.
Nine-month GAAP EPS $3.40 vs $3.52 YoY; adjusted EPS $3.45 after excluding the ICC charge.
Retail electricity deliveries (ex iron ore mine) up 0.7% in Q3; weather-normal growth 0.4%.
Affirms 2024 GAAP guidance $4.74-$4.84 and adjusted guidance $4.80-$4.90, assuming normal weather.
Consolidated revenues first nine months $6.3B, down $359.8M from prior year.

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