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Stock impact report

WEC Energy Group reports third-quarter results

WEC Energy Group, Inc. (WEC) 
Last wec energy group, inc. earnings: 1/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: wecenergygroup.com/invest/investor.htm
Company Research Source: PR Newswire
MILWAUKEE, Oct. 31, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $240.1 million, or 76 cents per share, for the third quarter of 2024. This compares to earnings of $316.0 million, or $1.00 per share, for last year's third quarter.Third-quarter 2024 earnings include a charge of 6 cents per share related to certain capital expenditures under the Qualifying Infrastructure Plant (QIP) rider that were disallowed by the Illinois Commerce Commission. Excluding this charge, WEC Energy Group's adjusted earnings for the third quarter of 2024 were 82 cents per share — a decrease of 18 cents per share compared to third-quarter 2023 earnings.For the first nine months of 2024, WEC Energy Group recorded net income based on GAAP of $1.07 billion, or $3.40 per share. This compares to earnings of $1.11 billion, or $3.52 per share, for the same period in 2023.Excluding the charge described above, WEC Energy Group's adjusted earnings for the first nine months of 2024 tot Show less Read more
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