WEC ENERGY GROUP INC

For the period ended Sep 30, 2024. Filed Nov 1, 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.

Sep 30, 2024 · Filed Nov 1, 2024

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Income Statements

CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) · Three Months Ended · Nine Months Ended
	September 30		September 30
(in millions, except per share amounts)	2024	2023	2024	2023
Operating revenues	$1,863.5	$1,957.4	$6,315.7	$6,675.5
Operating expenses
Cost of sales	520.8	587.4	1,917.6	2,430.1
Other operation and maintenance	566.8	516.6	1,631.0	1,546.6
Depreciation and amortization	340.5	320.3	1,010.5	939.7
Property and revenue taxes	51.7	61.1	194.7	192.5
Total operating expenses	1,479.8	1,485.4	4,753.8	5,108.9
Operating income	383.7	472.0	1,561.9	1,566.6
Equity in earnings of transmission affiliates	46.7	44.7	138.3	132.1
Other income, net	44.0	41.8	128.7	130.9
Interest expense	204.2	182.5	596.8	533.4
Other expense	(113.5)	(96.0)	(329.8)	(270.4)
Income before income taxes	270.2	376.0	1,232.1	1,296.2
Income tax expense	31.6	60.4	160.9	183.0
Net income	238.6	315.6	1,071.2	1,113.2
Preferred stock dividends of subsidiary	0.3	0.3	0.9	0.9
Net loss attributed to noncontrolling interests	1.8	0.7	3.4	0.9
Net income attributed to common shareholders	$240.1	$316.0	$1,073.7	$1,113.2
Earnings per share
Basic	$0.76	$1.00	$3.40	$3.53
Diluted	$0.76	$1.00	$3.40	$3.52
Weighted average common shares outstanding
Basic	316.2	315.4	315.9	315.4
Diluted	316.5	315.8	316.2	315.9

09/30/2024 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.