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WEC

WEC Energy Group Inc

$107.38

Earnings Summary

Revenue
$2127.9Mn
Net Profits
$287.8Mn
Net Profit Margins
13.53%
PE Ratio
24.84

Highlights

Revenue:

WEC Energy Group Inc’s revenue jumped 26.95% since last year same period to $2127.9Mn in the Q2 2022. On a quarterly growth basis, WEC Energy Group Inc has generated -26.83% fall in its revenue since last 3-months.

Net Profits:

WEC Energy Group Inc’s net profit jumped 4.16% since last year same period to $287.8Mn in the Q2 2022. On a quarterly growth basis, WEC Energy Group Inc has generated -49.17% fall in its net profits since last 3-months.

Net Profit Margins:

WEC Energy Group Inc’s net profit margin fell -17.95% since last year same period to 13.53% in the Q2 2022. On a quarterly growth basis, WEC Energy Group Inc has generated -30.53% fall in its net profit margins since last 3-months.

PE Ratio:

WEC Energy Group Inc’s price-to-earnings ratio after this Q2 2022 earnings stands at 24.84.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the WEC Energy Group Inc post its latest quarter earnings

EPS Estimate Current Quarter
0.85
EPS Estimate Current Year
0.85

Highlights

EPS Estimate Current Quarter:

WEC Energy Group Inc’s earning per share (EPS) estimates for the current quarter stand at 0.85 - a -49.1% fall from last quarter’s estimates.

EPS Estimate Current Year:

WEC Energy Group Inc’s earning per share (EPS) estimates for the current year stand at 0.85.

Key Ratios

Key ratios of the WEC Energy Group Inc post its Q2 2022 earnings

Earning Per Share (EPS)
0.91
Return on Assets (ROA)
0.03
Return on Equity (ROE)
0.12
Dividend Per Share (DPS)
2.71

Highlights

Earning Per Share (EPS):

WEC Energy Group Inc’s earning per share (EPS) jumped 4.6% since last year same period to 0.91 in the Q2 2022. This indicates that the WEC Energy Group Inc has generated 4.6% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. WEC Energy Group Inc’s return on assets (ROA) stands at 0.03.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. WEC Energy Group Inc’s return on equity (ROE) stands at 0.12.

Dividend Per Share (DPS):

WEC Energy Group Inc declared 2.71 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-05
1.67
1.79
7.19%
2022-06-30
0.85
0.91
7.06%

Company Information

WEC Energy Group, based in Milwaukee, is one of the nation's premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan and Minnesota. The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in the Midwest. WEC Energy Group is a Fortune 500 company and a component of the S&P 500. The company has approximately 45,000 stockholders of record, 7,500 employees and $35 billion of assets.

Organisation
WEC Energy Group Inc
Headquarters
Milwaukee, Wisconsin, US
Employees
7.27K
Industry
Utilities
CEO
J. Kevin Fletcher