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 |