Business
WEC Energy Group reports first-quarter results
WEC Energy Group (NYSE: WEC) today reported net income of $724.2 million, or $2.27 per share, for the first quarter of 2025. This compares to earnings of $622.3 million, or $1.97 per share, for last year's first quarter.
About this update from Wec Energy Group, Inc.
[{"type":"text","content":"MILWAUKEE, May 6, 2025 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $724.2 million, or $2.27 per share, for the first quarter of 2025. This compares to earnings of $622.3 million, or $1.97 per share, for last year's first quarter.","length":263,"tagName":"p"},{"type":"text","content":"Consolidated revenues totaled $3.1 billion, up $469.3 million from the first quarter a year ago.","length":96,"tagName":"p"},{"type":"text","content":""Our positive first-quarter results were driven by continued economic growth in our region and a strong focus on operating excellence," said Scott Lauber, president and CEO. "We will continue to execute on the fundamentals — customer satisfaction, financial performance and steady execution of our capital plan."","length":332,"tagName":"p"},{"type":"text","content":"For the quarter, natural gas deliveries in Wisconsin — excluding natural gas used for power generation — rose by 15.5 percent compared to the first quarter of 2024. On a weather normal basis, these natural gas deliveries were 0.5 percent lower.","length":244,"tagName":"p"},{"type":"text","content":"Retail deliveries of electricity — excluding the iron ore mine in Michigan's Upper Peninsula — were up by 2.9 percent in the first quarter of 2025, compared to the first quarter last year.","length":192,"tagName":"p"},{"type":"text","content":"Electricity consumption by small commercial and industrial customers was 2.1 percent higher. Electricity use by large commercial and industrial customers — excluding the iron ore mine — increased by 1.1 percent.","length":211,"tagName":"p"},{"type":"text","content":"Residential electricity use rose by 5.5 percent.","length":48,"tagName":"p"},{"type":"text","content":"On a weather-normal basis, retail deliveries of electricity — excluding the iron ore mine — increased by 0.7 percent.","length":117,"tagName":"p"},{"type":"text","content":"The company is reaffirming its 2025 earnings guidance of $5.17 to $5.27 per share. This assumes normal weather for the remainder of the year.","length":141,"tagName":"p"},{"type":"text","content":"Earnings per share listed in this news release are on a fully diluted basis.","length":76,"tagName":"p"},{"type":"text","content":"Conference call","length":15,"tagName":"p"},{"type":"text","content":"A conference call is sc...