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WEC ENERGY GROUP, INC. [WEC] reports $238.6 million quarterly net profit

WEC ENERGY GROUP, INC. [WEC] reports $238.6 million quarterly net profit

Company generates $1.9 billion in revenue

By USinMinutes
Published - Nov 01, 2024, 10:51 AM ET
Last Updated - Nov 04, 2024, 01:42 AM EST

WEC ENERGY GROUP, INC. WEC ENERGY GROUP, INC. [WEC] has reported $238.6 million quarterly profit, an increase of $28.6 million from the previous quarter, the company said in a filing to the SEC for the Q3 ended Sep 30, 2024.

WEC ENERGY GROUP, INC. reported the quarterly diluted earnings per share (EPS) rose by 13.43 percent to $0.8 from $0.7 in the previous quarter.

Dollars in millions
Sep 30, 2024    Jun 30, 2024    Mar 31, 2024    Dec 31, 2023   

Income Statement

Revenue $1,863.5  $1,772.0  $2,680.2  $8,893.0 
Operating Profit $383.7  $364.8  $813.4  $1,908.0 
Net Income $238.6  $210.0  $622.6  $1,331.7 
Net Cash $195.8  $137.7  -$49.1  -$17.0 
Gross Margin $1,342.7  $1,302.3  $1,753.1  $5,701.8 
Operating Margin $0.0  $0.0  $0.0  $0.0 
Profit as % of Revenues562.74 620.14 281.58 64.12 
Profit as % of Assets1.01 0.91 2.67 3.10 
Profit as % of Stockholder Equity1.93 1.69 5.01 11.03 
Return on Equity1.93 1.69 5.01 11.03 
Return on Assets0.53 0.47 1.42 3.03 
Turnover Ratio7.92 7.65 11.50 0.21 
EBITA$724.2 $701.4 $1,146.8 $0.0 

Balance Sheet

Total Assets $45,196.5  $44,582.2  $43,927.2  $43,939.7 
Total Liabilities $32,805.3  $32,187.8  $31,501.1  $31,868.2 

Cash Flow Statement

Operating Cash Flow $2,630.0  $1,901.0  $863.6  $3,018.4 
Investing Cash Flow -$2,053.2  -$1,250.8  -$436.2  -$3,558.2 
Financing Cash Flow -$381.0  -$512.5  -$476.5  $522.8 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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