Shares of WEC Energy Group 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
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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