WEC Earnings Prediction
The chart below shows how WEC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WEC sees a -1.33% change in stock price 10 days leading up to the earnings, and a +1.07% change 10 days following the report. On the earnings day itself, the stock moves by -0.16%. This data can give you a slight idea of what to expect for the next quarter's release.
WEC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.28B
3.01%
22.58%
Gross Margin
52.61%
3.08%
-2.18%
Operating Margin
25.87%
10.27%
25.64%
Net Margin
19.84%
101.42%
55.00%
EPS
1.43
107.25%
88.16%
No Data Available
WEC Earnings Analysis
WEC Energy Group Inc Corporation (WEC.N) Earnings Conference Call
Positive
Earnings Per Share Increase: Full year 2024 adjusted earnings were reported at $4.88 per share, an increase of $0.25 per share over 2023 adjusted earnings.
Capital Investment Strategy: The company has a robust capital plan of $28 billion over five years, the largest in its history, driven by strong economic growth in the region.
Solar Capacity Expansion: The Paris Solar Park was brought into service with an investment of approximately $319 million, adding 180 megawatts of solar capacity for Wisconsin utility customers.
Dividend Increase Announcement: The Board increased the dividend by 6.9% to an annualized $3.57 per share, marking the 22nd consecutive year of dividend increases for shareholders.
Earnings Increase in Transmission Segment: Earnings from the American Transmission Company segment increased by $0.07 compared to 2023, driven by continued capital investment and a recognized return on equity of 10.48%.
Negative
Weather Impact on Earnings: In 2024, the company faced a weather headwind that negatively impacted earnings by $0.25 per share due to the warmest winter on record, which was a significant factor in overall performance.
Earnings Decline Analysis: Utility operations experienced a year-over-year earnings decrease of $0.05 per share attributed to adverse weather conditions, alongside a total negative impact of $0.38 per share from increased depreciation, amortization, and interest expenses.
O&M Cost Management Shortfall: Total company day-to-day O&M costs were originally guided to increase by 6% to 7% compared to 2023, but actual growth was only 2%, indicating a significant shortfall in cost management expectations.
Stagnant Energy Deliveries: Retail electric and natural gas deliveries in Wisconsin remained flat year over year, with projected growth for 2025 at only 0.7% for electric sales and 1.9% for gas sales, reflecting stagnation in customer demand.
Earnings Decline Due to Interest: The Corporate and Other segment reported a decrease in earnings of $0.01 per share due to higher interest expenses, indicating challenges in managing financing costs.
WEC FAQs
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WEC Earning Call Sentiment
Earnings call transcript: WEC Energy Q4 2024 misses EPS forecasts
WEC.N
0.5%Positive
The earnings call presents mixed signals: strong financial performance with increased EPS and a dividend hike, but offset by concerns over delays in capacity development and interest rate sensitivity. The Q&A reveals uncertainties about project timelines and vague responses on tariffs and policy impacts. Despite positive shareholder returns, the lack of clear guidance on key projects and potential financial risks balance out the positives, leading to a neutral sentiment prediction.
