WEC Energy Group posts 2024 adjusted EPS $4.88, up 5.4% YoY; raises dividend 6.9%

WEC ENERGY GROUP, INC.

2024-FY EPS reported $4.83 revenue$8,599,900,000

Full-year 2024 adjusted EPS $4.88 vs $4.63 in 2023; GAAP EPS $4.83.
Q4 2024 GAAP EPS $1.43 vs $0.69 in Q4 2023 (adjusted Q4 2023 $1.10).
Revenues $8.6B, down $293M; earnings growth driven by lower ICC disallowance charge (6¢ vs 41¢).
Reaffirmed 2025 EPS guidance $5.17-$5.27, midpoint $5.22 (7.6% growth from 2024 adjusted midpoint).
Quarterly dividend increased 6.9% to $0.8925 per share, marking 22nd consecutive annual increase.

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