WEC Energy Group Inc (N:WEC)

Sector:  Utilities Industry:  Electric Utilities
 
See Regulatory Filings on SEC
Company Contact
Address: 231 W Michigan St
PO Box 1331
MILWAUKEE WI 53201-1331
Tel: 1-414-2214639
Website: https://www.wecenergygroup.com
IR: See website
<
Key People
Gale E. Klappa
Executive Chairman of the Board
Daniel P. Krueger
Executive Vice President - WEC Infrastructure of WEC Business Services
Scott J. Lauber
President, Chief Executive Officer, Director
Xia Liu
Chief Financial Officer, Executive Vice President
Margaret C. Kelsey
Executive Vice President, General Counsel, Corporate Secretary
Robert M. Garvin
Executive Vice President - External Affairs
Mary Beth Straka
Senior Vice President - Corporate Communications and Investor Relations
William J. Guc
Vice President, Controller
Anthony L. Reese
Vice President, Treasurer
Joshua M. Erickson
Vice President, Deputy General Counsel of WEC Business Services
   
Business Overview
WEC Energy Group, Inc. is a diversified holding company. The Company, through its wholly owned subsidiaries, provides or invests in regulated natural gas and electricity, and renewable energy, as well as non-regulated renewable energy. Its segment includes Wisconsin, Illinois, Other States and Electric Transmission. Wisconsin segment is engaged primarily in the generation of electricity and the distribution of electricity and natural gas in Wisconsin and generates electricity and distributes electricity and natural gas to customers located in the Upper Peninsula of Michigan. Illinois segment is engaged primarily in the distribution of natural gas in Illinois. Other state segment is engaged primarily in the distribution of natural gas in Minnesota and Michigan, respectively. Non-utility energy infrastructure segment is principally engaged in the ownership of electric power generating facilities. Electric Transmission consists of ownership interest in ATC electric transmission company.
Financial Overview
For the fiscal year ended 31 December 2023, WEC Energy Group Inc revenues decreased 7% to $8.89B. Net income applicable to common stockholders decreased 5% to $1.33B. Revenues reflect Wisconsin segment decrease of 5% to $6.63B, IIinois segment decrease of 18% to $1.56B, Others states segment decrease of 16% to $519.1M. Net income also reflects IIinois segment income decrease of 27% to $270.8M.
Employees: 7,000 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $44,699M as of Dec 31, 2023
Annual revenue (TTM): $8,893M as of Dec 31, 2023
EBITDA (TTM): $3,351M as of Dec 31, 2023
Net annual income (TTM): $1,332M as of Dec 31, 2023
Free cash flow (TTM): -$697.80M as of Dec 31, 2023
Net Debt Last Fiscal Year: $18,755M as of Dec 31, 2023
Shares outstanding: 315,561,510 as of Jan 31, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.