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Jun 30, 2024
WEC Energy Q2 2024 Earnings Report
WEC Energy Group's financial performance for Q2 2024 decreased compared to the same period last year.
Key Takeaways
WEC Energy Group reported a decrease in net income for the second quarter of 2024, with earnings per share also declining. Consolidated revenues also decreased compared to the first half of 2023. However, the company reaffirmed its 2024 earnings guidance.
Net income for Q2 2024 was $211.3 million, or 67 cents per share, down from $289.7 million, or 92 cents per share, in Q2 2023.
For the first six months of 2024, net income was $833.6 million, or $2.64 per share, up from $797.2 million, or $2.52 per share, in the corresponding period a year ago.
Consolidated revenues totaled $1.772 billion for the quarter.
The company is reaffirming its 2024 earnings guidance of $4.80 to $4.90 per share, assuming normal weather for the remainder of the year.
WEC Energy
WEC Energy
Forward Guidance
The company is reaffirming its 2024 earnings guidance of $4.80 to $4.90 per share. This assumes normal weather for the remainder of the year.