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Sep 30, 2023
WEC Energy Q3 2023 Earnings Report
WEC Energy Group reported a solid third quarter with increased earnings per share.
Key Takeaways
WEC Energy Group reported net income of $316.0 million, or $1.00 per share, for the third quarter of 2023, up from $302.0 million, or 96 cents per share, in the third quarter of the previous year. The company reaffirms its 2023 annual earnings guidance of $4.58 to $4.62 per share and expects to complete the year in the upper half of the range.
Net income increased to $316.0 million, or $1.00 per share, for Q3 2023.
Retail deliveries of electricity, excluding the iron ore mine, decreased by 1.3 percent in Q3 2023 compared to the previous year.
The company is on track for a strong 2023, focusing on reliability, customer satisfaction, environmental progress, and financial discipline.
2023 annual earnings guidance is reaffirmed at $4.58 to $4.62 per share, with expectations of finishing in the upper half of the range.
Forward Guidance
The company is reaffirming its 2023 annual earnings guidance of $4.58 to $4.62 per share, with an expectation of completing the year in the upper half of the range. 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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