WEC Energy Q1 2022 Earnings Report
Key Takeaways
WEC Energy Group reported a strong first quarter in 2022, with net income reaching $565.9 million, or $1.79 per share, compared to $510.1 million, or $1.61 per share, in the same quarter last year. Consolidated revenues also increased to $2.9 billion. The company is raising its earnings guidance for 2022 to $4.34 to $4.38 per share.
Net income for the first quarter of 2022 was $565.9 million, or $1.79 per share, up from $510.1 million, or $1.61 per share, in the first quarter of 2021.
Consolidated revenues for the first quarter totaled $2.9 billion, an increase of $216.7 million from the previous year.
Natural gas deliveries in Wisconsin rose by 9.3 percent compared to the first quarter of 2021.
The company is raising its earnings guidance for 2022 to a range of $4.34 to $4.38 per share.
WEC Energy
WEC Energy
Forward Guidance
The company is raising its earnings guidance for 2022, to a range of $4.34 to $4.38 per share, with an expectation of reaching the top end of the new range. This assumes normal weather for the remainder of the year.