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WEC Energy Group Inc (WEC)
NYSE:WEC
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.81Last Year’s EPS
1.97Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 4.48%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
WEC Energy Group demonstrated strong financial performance and growth prospects with a robust capital plan, despite some weather-related impacts and project delays. The economic growth in Wisconsin and continued dividend increases are positive indicators. However, challenges such as regulatory proceedings in Illinois and project delays with Microsoft were noted.Company Guidance
During WEC Energy Group's conference call discussing the fiscal year 2024 results, the company provided guidance for 2025, projecting earnings per share in the range of $5.17 to $5.27, with a long-term compound annual growth rate target of 6.5% to 7%. The company highlighted a robust $28 billion five-year capital plan, including $9.1 billion allocated for 4,300 megawatts of renewable energy investments. Significant economic developments were noted, such as Eli Lilly's $3 billion expansion and Microsoft's $3.3 billion data center project, which align with WEC's growth projections. The Wisconsin unemployment rate remains low at 3%. WEC also discussed its regulatory environment, confirming no current rate cases, and maintaining a 9.8% return on equity for Wisconsin Utilities. The company plans to issue $700 million to $800 million in common equity in 2025, contributing to the expected $2.7 billion to $3.2 billion total over five years.Strong Full-Year Financial Performance
WEC Energy Group reported full-year 2024 adjusted earnings of $4.88 per share, representing an increase of $0.25 per share over 2023 adjusted earnings.
Robust Capital Plan
WEC Energy Group announced a $28 billion five-year capital plan, which is the largest in the company's history, including $9.1 billion planned investment in 4,300 megawatts of renewable energy.
Economic Growth in Wisconsin
The Wisconsin unemployment rate stands at 3%, below the national average, with significant investments from companies like Eli Lilly and Microsoft in the region.
Dividend Increase
The Board increased the dividend by 6.9% to an annualized $3.57 per share, marking the 22nd consecutive year of increased dividends.
Infrastructure Business Growth
Projects like Delilah I and Maple Flats solar went online, with a total investment of $890 million for 550 megawatts of capacity.
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WEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $99.59 | $98.37 | -1.23% |
| Oct 31, 2024 | $94.39 | $93.90 | -0.52% |
| Jul 31, 2024 | $83.35 | $83.80 | +0.54% |
| May 01, 2024 | $79.68 | $79.64 | -0.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does WEC Energy Group Inc (WEC) report earnings?
WEC Energy Group Inc (WEC) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is WEC Energy Group Inc (WEC) earnings time?
WEC Energy Group Inc (WEC) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WEC EPS forecast?
WEC EPS forecast for the fiscal quarter 2025 (Q1) is 1.81.
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