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Sep 30, 2024
WEC Energy Q3 2024 Earnings Report
Reported net income of $240.1 million, or 76 cents per share, for the third quarter of 2024.
Key Takeaways
WEC Energy Group reported a solid third quarter with net income of $240.1 million, or 76 cents per share. Adjusted earnings were 82 cents per share, excluding a charge related to certain capital expenditures. The company is affirming its 2024 earnings guidance range of $4.74 to $4.84 per share on a GAAP basis, and $4.80 to $4.90 per share on an adjusted basis.
Net income for Q3 2024 was $240.1 million, or 76 cents per share.
Adjusted earnings for Q3 2024 were 82 cents per share, excluding a charge related to certain capital expenditures.
Retail deliveries of electricity, excluding the iron ore mine, were up by 0.7 percent in Q3 2024.
The company is affirming its 2024 earnings guidance range of $4.74 to $4.84 per share on a GAAP basis, and $4.80 to $4.90 per share on an adjusted basis.
Forward Guidance
The company is affirming its 2024 earnings guidance range of $4.74 to $4.84 per share on a GAAP basis, and $4.80 to $4.90 per share on an adjusted basis. 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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