Loading...
•
Dec 31, 2020
WEC Energy Q4 2020 Earnings Report
WEC Energy Group recorded strong results driven by resilience in a challenging year.
Key Takeaways
WEC Energy Group reported a net income of $239.0 million, or 76 cents per share, for the fourth quarter of 2020, compared to $243.9 million, or 77 cents per share, for the fourth quarter of 2019.
WEC Energy Group posted net income of $1.20 billion, or $3.79 per share, for 2020.
We Energies was honored for superior reliability of its electric delivery network for the tenth consecutive year.
The company served approximately 11,000 more electric customers and 27,000 more natural gas customers compared to the previous year.
The company reaffirmed its 2021 earnings guidance, expecting earnings to be in a range of $3.99 to $4.03 per share.
Forward Guidance
The company expects earnings to be in a range of $3.99 to $4.03 per share – in line with our long-term objective of growing earnings at a rate of 5 to 7 percent annually.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...