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Jun 30, 2022
WEC Energy Q2 2022 Earnings Report
Reported net income increase in the second quarter of 2022 and raised earnings guidance for the year.
Key Takeaways
WEC Energy Group reported a strong second quarter with increased net income and earnings per share compared to the previous year. The company raised its earnings guidance for 2022 due to its strong performance.
Net income increased to $287.5 million, or 91 cents per share, up from $276.0 million, or 87 cents per share, in the second quarter of 2021.
For the first six months of 2022, net income was $853.4 million, or $2.70 per share, up from $786.1 million, or $2.49 per share, in the corresponding period a year ago.
Consolidated revenues totaled $5.0 billion for the first six months of 2022, up $668.4 million over revenues for the first half of 2021.
The company is raising its earnings guidance for 2022, to a range of $4.36 to $4.40 per share.
Forward Guidance
The company is raising its earnings guidance for 2022, to a range of $4.36 to $4.40 per share. This assumes normal weather for the remainder of the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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