NYSE$WEC

WEC Energy Group · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

WEC Energy Group recorded strong results driven by resilience in a challenging year.

WEC Energy Group reported a net income of $239.0 million, or 76 cents per share, for the fourth quarter of 2020, compared to $243.9 million, or 77 cents per share, for the fourth quarter of 2019.

  • WEC Energy Group posted net income of $1.20 billion, or $3.79 per share, for 2020.
  • We Energies was honored for superior reliability of its electric delivery network for the tenth consecutive year.
  • The company served approximately 11,000 more electric customers and 27,000 more natural gas customers compared to the previous year.
  • The company reaffirmed its 2021 earnings guidance, expecting earnings to be in a range of $3.99 to $4.03 per share.

Headline financials

Total Revenue

$1.93B

Previous: $1.95B-0.7%
EPS (adj)

$0.86

Previous: $0.77+11.7%
Capital Expenditures

$1.26B

Previous: $1.02B+23.4%
Free Cash Flow

-$1.01B

Previous: -$513M-96.9%
Net Income

$240M

Previous: $244M-1.9%
Operating Income

$371M

Previous: $363M+2.0%
Gross Profit

$671M

Previous: $653M+2.8%
Cash & Equivalents

$24.8M

Previous: $37.5M-33.9%
Total Assets

$37B

Previous: $35B+5.9%

Revenue & EPS history

WEC Energy · Revenue · Quarterly

$1.93B

Q4 2020-0.7%vs Q4 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

The company expects earnings to be in a range of $3.99 to $4.03 per share – in line with our long-term objective of growing earnings at a rate of 5 to 7 percent annually.

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 Q4 2020

Historical avgQ4 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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