WEC ENERGY GROUP INC

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 21, 2025

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

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Contents

B. Consolidated Income Statements

(in millions, except per share amounts)	2024	2023	2022
Operating revenues	$8,599.9	$8,893.0	$9,597.4
Operating expenses
Cost of sales	2,656.0	3,191.2	4,358.9
Other operation and maintenance	2,158.0	2,100.5	1,938.0
Impairment related to ICC disallowances	12.1	178.9	—
Depreciation and amortization	1,354.5	1,264.2	1,122.6
Property and revenue taxes	266.5	250.2	253.7
Total operating expenses	6,447.1	6,985.0	7,673.2
Operating income	2,152.8	1,908.0	1,924.2
Equity in earnings of transmission affiliates	207.5	177.5	194.7
Other income, net	178.2	177.7	128.8
Interest expense	815.3	727.4	515.1
Gain on debt extinguishments	(23.1)	(0.5)	—
Other expense	(406.5)	(371.7)	(191.6)
Income before income taxes	1,746.3	1,536.3	1,732.6
Income tax expense	222.0	204.6	322.9
Net income	1,524.3	1,331.7	1,409.7
Preferred stock dividends of subsidiary	1.2	1.2	1.2
Net (income) loss attributed to noncontrolling interests	4.1	1.2	(0.4)
Net income attributed to common shareholders	$1,527.2	$1,331.7	$1,408.1
Earnings per share
Basic	$4.83	$4.22	$4.46
Diluted	$4.83	$4.22	$4.45
Weighted average common shares outstanding
Basic	316.2	315.4	315.4
Diluted	316.5	315.9	316.1

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.