Market Overview

Recap: WEC Energy Group Q1 Earnings

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Shares of WEC Energy Group (NYSE:WEC) were flat in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 7.52% over the past year to $1.43, which beat the estimate of $1.32.

Revenue of $2,109,000,000 lower by 11.27% year over year, which missed the estimate of $2,420,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 04, 2020

Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.wecenergygroup.com%2Finvestors%2Fearnings%2Fdefault.aspx&eventid=2201359&sessionid=1&key=542CE9011CF5E038467C2E081B49CF96&regTag=&sourcepage=register

Price Action

52-week high: $109.53

52-week low: $68.01

Price action over last quarter: down 11.44%

Company Description

WEC Energy Group's electric and gas utility businesses serve electric and gas customers in its Illinois, Michigan, Minnesota, and Wisconsin service territories. WEC Energy Group also owns a 60% stake in American Transmission. WEC Energy Group's asset mix is approximately 52% electric generation and distribution, 33% gas distribution, and 13% electric transmission and 2% unregulated renewable generation.

 

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