WEC ENERGY GROUP INC

For the period ended Jun 30, 2024. Filed Jul 31, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 31, 2024

WEC$117.01-0.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Income Statements

CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) · Three Months Ended · Six Months Ended
	June 30		June 30
(in millions, except per share amounts)	2024	2023	2024	2023
Operating revenues	$1,772.0	$1,830.0	$4,452.2	$4,718.1
Operating expenses
Cost of sales	469.7	533.0	1,396.8	1,842.7
Other operation and maintenance	533.4	496.0	1,064.2	1,030.0
Depreciation and amortization	336.6	313.9	670.0	619.4
Property and revenue taxes	67.5	61.8	143.0	131.4
Total operating expenses	1,407.2	1,404.7	3,274.0	3,623.5
Operating income	364.8	425.3	1,178.2	1,094.6
Equity in earnings of transmission affiliates	46.8	43.6	91.6	87.4
Other income, net	40.6	48.3	84.7	89.1
Interest expense	200.6	178.7	392.6	350.9
Other expense	(113.2)	(86.8)	(216.3)	(174.4)
Income before income taxes	251.6	338.5	961.9	920.2
Income tax expense	41.6	48.5	129.3	122.6
Net income	210.0	290.0	832.6	797.6
Preferred stock dividends of subsidiary	0.3	0.3	0.6	0.6
Net loss attributed to noncontrolling interests	1.6	—	1.6	0.2
Net income attributed to common shareholders	$211.3	$289.7	$833.6	$797.2
Earnings per share
Basic	$0.67	$0.92	$2.64	$2.53
Diluted	$0.67	$0.92	$2.64	$2.52
Weighted average common shares outstanding
Basic	315.9	315.4	315.8	315.4
Diluted	316.2	315.9	316.1	315.9

06/30/2024 Form 10-Q	4	WEC Energy Group, Inc.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.