secwatch.observer — SEC 8-K summary
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Issuer:     WEC ENERGY GROUP, INC. (WEC)
CIK:        0000783325
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000107815-24-000243
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/783325/000010781524000243/0000107815-24-000243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/783325/000010781524000243/wec-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000107815-24-000243

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