NYSE$WEC
WEC Energy Group · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
WEC Energy Group's third-quarter results were reported, showing increased net income and earnings per share compared to the previous year.
WEC Energy Group reported a positive third quarter, driven by warmer weather, economic recovery, and efficiency gains. Net income increased to $290.0 million, or 92 cents per share, up from $266.8 million, or 84 cents per share, in the third quarter of the prior year. The company raised its earnings guidance for 2021 to $4.05 to $4.07 per share.
- Net income for the third quarter of 2021 was $290.0 million, or 92 cents per share, compared to $266.8 million, or 84 cents per share, for the same period in 2020.
- Retail deliveries of electricity, excluding the iron ore mine, increased by 2.4 percent in the third quarter of 2021 compared to the third quarter of 2020.
- The company is raising its earnings guidance for 2021 to a range of $4.05 to $4.07 per share.
- At the end of September, the company was serving approximately 8,000 more electric customers and 15,000 more natural gas customers than at the same time a year ago.
Headline financials
Revenue & EPS history
WEC Energy · Revenue · Quarterly
$1.75B
Forward guidance
The company is raising its earnings guidance again for 2021, to a range of $4.05 to $4.07 per share, with an expectation of reaching the top end of the range. This assumes normal weather for the remainder of the year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-0.2%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.1%
Avg return
30 days after
48%
35 / 73 earnings
Positive
+3.6%
Q2 2024
Best reaction
-4.6%
Q1 2009
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.3% | -4.1% | -5.7% | |
| Q4 2025 | -1.2% | -0.4% | +2.2% | |
| Q3 2025 | -1.8% | -2.4% | -2.2% | |
| Q2 2025 | +0.7% | +1.5% | -1.7% | |
| Q1 2025 | +0.7% | -1.0% | -3.6% | |
| Q4 2024 | -1.2% | +1.3% | +3.3% | |
| Q3 2024 | -0.5% | +0.1% | +5.2% | |
| Q2 2024 | +3.6% | +3.0% | +8.7% | |
| Q1 2024 | +0.5% | +0.2% | -1.9% | |
| Q4 2023 | -1.1% | -3.0% | -2.9% | |
| Q3 2023 | +1.2% | +2.9% | +2.5% | |
| Q2 2023 | -0.4% | -2.9% | -6.4% | |
| Q1 2023 | -1.0% | -0.2% | -9.2% | |
| Q4 2022 | -1.4% | -1.8% | -5.6% | |
| Q3 2022 | -1.2% | +0.1% | +6.5% | |
| Q2 2022 | +0.2% | -0.7% | +0.7% | |
| Q1 2022 | -0.5% | +0.6% | +4.6% | |
| Q4 2021 | -1.5% | -1.7% | -1.6% | |
| Q3 2021 | -0.5% | +0.6% | -1.6% | |
| Q2 2021 | +1.2% | +1.7% | +2.2% | |
| Q1 2021 | +0.7% | +0.5% | -4.1% | |
| Q4 2020 | -0.5% | -2.0% | -3.1% | |
| Q3 2020 | -1.3% | -0.8% | -8.5% | |
| Q2 2020 | -0.4% | +0.8% | +2.9% | |
| Q1 2020 | +1.3% | -3.1% | +6.2% | |
| Q4 2019 | +1.2% | +1.0% | -6.4% | |
| Q3 2019 | -2.3% | -4.2% | -2.1% | |
| Q2 2019 | +1.5% | +3.8% | +12.8% | |
| Q1 2019 | +0.8% | +1.8% | +7.0% | |
| Q4 2018 | -1.1% | -0.7% | +3.5% | |
| Q3 2018 | -2.7% | -3.1% | +3.9% | |
| Q2 2018 | +0.5% | +1.7% | +4.0% | |
| Q1 2018 | +0.2% | +0.2% | -1.8% | |
| Q4 2017 | -1.1% | -3.4% | -6.1% | |
| Q3 2017 | +1.6% | +0.9% | +2.6% | |
| Q2 2017 | +0.5% | +1.3% | +4.7% | |
| Q1 2017 | +0.6% | +2.1% | +4.7% | |
| Q4 2016 | -2.9% | -2.6% | +0.4% | |
| Q3 2016 | +0.3% | +2.7% | -2.7% | |
| Q2 2016 | -0.8% | +0.6% | -7.7% | |
| Q1 2016 | +2.9% | — | — | |
| Q4 2015 | +0.7% | — | — | |
| Q3 2015 | -0.4% | — | — | |
| Q2 2015 | +1.5% | — | — | |
| Q1 2015 | -4.4% | — | — | |
| Q4 2014 | -2.8% | — | — | |
| Q3 2014 | +1.8% | — | — | |
| Q2 2014 | -3.9% | — | — | |
| Q1 2014 | +1.7% | — | — | |
| Q4 2013 | +0.3% | — | — | |
| Q3 2013 | -1.4% | — | — | |
| Q2 2013 | +0.4% | — | — | |
| Q1 2013 | -0.3% | — | — | |
| Q4 2012 | +1.4% | — | — | |
| Q3 2012 | +1.3% | — | — | |
| Q2 2012 | -2.0% | — | — | |
| Q1 2012 | -0.1% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q3 2011 | -0.3% | — | — | |
| Q2 2011 | -2.1% | — | — | |
| Q1 2011 | +0.9% | — | — | |
| Q4 2010 | +1.6% | — | — | |
| Q3 2010 | +0.2% | — | — | |
| Q2 2010 | +1.0% | — | — | |
| Q1 2009 | -4.6% | — | — | |
| Q1 2010 | +0.9% | — | — | |
| Q4 2009 | +1.4% | — | — | |
| Q4 2007 | +1.4% | — | — | |
| Q3 2008 | -2.6% | — | — | |
| Q3 2009 | -2.6% | — | — | |
| Q4 2008 | -0.4% | — | — | |
| Q2 2008 | -0.4% | — | — | |
| Q2 2009 | -0.4% | — | — |
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