NYSE$WEC

WEC Energy Group · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

WEC Energy Group reported Q4 2024 earnings, with net income of $453.5 million, or $1.43 per share.

WEC Energy Group reported a net income of $453.5 million, or $1.43 per share, for the fourth quarter of 2024, compared to $218.5 million, or $0.69 per share, for the same period in 2023. The company reaffirmed its earnings guidance for 2025, expecting earnings in the range of $5.17 to $5.27 per share.

  • Net income for Q4 2024 was $453.5 million, or $1.43 per share.
  • Full-year 2024 earnings were $1.5 billion, or $4.83 per share.
  • Adjusted full-year earnings rose to $4.88 per share, a 5.4% increase over 2023.
  • The company reaffirmed its earnings guidance for 2025, projecting $5.17 to $5.27 per share.

Headline financials

Total Revenue

$2.28B

Previous: $2.22B+3.0%
EPS (adj)

$1.43

Previous: $1.10+30.0%
Capital Expenditures

-$846M

Previous: -$763M-10.9%
Free Cash Flow

-$217M

No prior period
Net Income

$453M

Previous: $219M+107.4%
Operating Income

$591M

Previous: $341M+73.1%
Gross Profit

$1.01B

Previous: $1.13B-11.1%

Revenue & EPS history

WEC Energy · Revenue · Quarterly

$2.28B

Q4 2024+3%vs Q4 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

WEC Energy Group expects calendar year 2025 earnings to be in a range of $5.17 to $5.27 per share. The midpoint of the range is $5.22 per share. This represents growth of 7.6 percent from the midpoint of the company’s 2024 adjusted guidance of $4.85 per share.

Tailwinds

  • Calendar year 2025 earnings are expected to be in a range of $5.17 to $5.27 per share.
  • Midpoint of the range is $5.22 per share.
  • Represents growth of 7.6 percent from the midpoint of the company’s 2024 adjusted guidance of $4.85 per share.
  • Quarterly cash dividend of 89.25 cents per share on the company's common stock, an increase of 6.9 percent over the previous dividend rate.
  • Marks the 22nd consecutive year that the company will reward its shareholders with higher dividends.

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 2024

Historical avgQ4 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

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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro