NYSE$WEC
WEC Energy Group · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported net income of $240.1 million, or 76 cents per share, for the third quarter of 2024.
WEC Energy Group reported a solid third quarter with net income of $240.1 million, or 76 cents per share. Adjusted earnings were 82 cents per share, excluding a charge related to certain capital expenditures. The company is affirming its 2024 earnings guidance range of $4.74 to $4.84 per share on a GAAP basis, and $4.80 to $4.90 per share on an adjusted basis.
- Net income for Q3 2024 was $240.1 million, or 76 cents per share.
- Adjusted earnings for Q3 2024 were 82 cents per share, excluding a charge related to certain capital expenditures.
- Retail deliveries of electricity, excluding the iron ore mine, were up by 0.7 percent in Q3 2024.
- The company is affirming its 2024 earnings guidance range of $4.74 to $4.84 per share on a GAAP basis, and $4.80 to $4.90 per share on an adjusted basis.
Headline financials
Revenue & EPS history
WEC Energy · Revenue · Quarterly
$1.86B
Forward guidance
The company is affirming its 2024 earnings guidance range of $4.74 to $4.84 per share on a GAAP basis, and $4.80 to $4.90 per share on an adjusted basis. 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 2024
-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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