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Dec 31, 2024
WEC Energy Q4 2024 Earnings Report
WEC Energy Group reported Q4 2024 earnings, with net income of $453.5 million, or $1.43 per share.
Key Takeaways
WEC Energy Group reported a net income of $453.5 million, or $1.43 per share, for the fourth quarter of 2024, compared to $218.5 million, or $0.69 per share, for the same period in 2023. The company reaffirmed its earnings guidance for 2025, expecting earnings in the range of $5.17 to $5.27 per share.
Net income for Q4 2024 was $453.5 million, or $1.43 per share.
Full-year 2024 earnings were $1.5 billion, or $4.83 per share.
Adjusted full-year earnings rose to $4.88 per share, a 5.4% increase over 2023.
The company reaffirmed its earnings guidance for 2025, projecting $5.17 to $5.27 per share.
WEC Energy
WEC Energy
Forward Guidance
WEC Energy Group expects calendar year 2025 earnings to be in a range of $5.17 to $5.27 per share. The midpoint of the range is $5.22 per share. This represents growth of 7.6 percent from the midpoint of the company’s 2024 adjusted guidance of $4.85 per share.
Positive Outlook
- Calendar year 2025 earnings are expected to be in a range of $5.17 to $5.27 per share.
- Midpoint of the range is $5.22 per share.
- Represents growth of 7.6 percent from the midpoint of the company’s 2024 adjusted guidance of $4.85 per share.
- Quarterly cash dividend of 89.25 cents per share on the company's common stock, an increase of 6.9 percent over the previous dividend rate.
- Marks the 22nd consecutive year that the company will reward its shareholders with higher dividends.