WEC's fourth-quarter 2024 earnings and revenues increase year over year. Total operating expenses decline during the same period.
WEC Energy Group, Inc. (NYSE:WEC ) Q4 2024 Earnings Conference Call February 4, 2025 2:00 PM ET Company Participants Scott Lauber - President and Chief Executive Officer Xia Liu - Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Bill Appicelli - UBS Durgesh Chopra - Evercore ISI Carly Davenport - Goldman Sachs Julien Dumoulin-Smith - Jefferies Andrew Weisel - Scotiabank Michael Sullivan - Wolfe Research Jeremy Tonet - JPMorgan Paul Fremont - Ladenburg Paul Patterson - Glenrock Associates Operator Good afternoon, and welcome to the WEC Energy Group's Conference Call for Fourth Quarter and Year-End 2024 Results. This call is being recorded for rebroadcast and all participants are in a listen-only mode at this time.
WEC Energy Group (WEC) came out with quarterly earnings of $1.43 per share, missing the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.10 per share a year ago.
WEC makes a strong case for investment, given its growth prospects, return on equity, debt management and capability to increase shareholders' value.
WEC Energy (WEC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Investors with an interest in Utility - Electric Power stocks have likely encountered both Entergy (ETR) and WEC Energy Group (WEC). But which of these two stocks is more attractive to value investors?
WEC continues to increase shareholder value as its board of directors raises dividends by 6.9%. WEC also provides its 2025 earnings guidance.
WEC Energy Group, Inc. remains on pace to become a Dividend Aristocrat later this decade. The utility just raised its five-year capital spending plan by $4.3 billion from 2024-2028 to 2025-2029. WEC Energy boasts an A-rated balance sheet to fund its ambitious capital investments.
A $28B capital plan focuses on renewable energy expansion and grid reliability, supporting long-term growth in a region seeing increased industrial investment. Q3 results showed strong execution, with adjusted EPS of $0.82 beating expectations. The company reaffirmed guidance despite regulatory challenges in Illinois and softer industrial demand. Trading at a forward P/E of 19.5, WEC still offers potential valuation expansion with an estimated EPS CAGR of 7.1% through 2026.
While the top- and bottom-line numbers for WEC Energy (WEC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
WEC Energy Group, Inc. (NYSE:WEC ) Q3 2024 Earnings Conference Call October 31, 2024 2:00 PM ET Company Participants Scott Lauber - President & Chief Executive Officer Xia Liu - Chief Financial Officer Beth Straka - Senior Vice President of Corporate Communications & Investor Relations Conference Call Participants Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Jefferies Michael Sullivan - Wolfe Research Neil Kalton - Wells Fargo Securities Andrew Weisel - Scotiabank Sophie Karp - KeyBanc Capital Markets Durgesh Chopra - Evercore ISI Jeremy Tonet - JPMorgan Nicholas Campanella - Barclays Paul Patterson - Glenrock Associates Operator Good afternoon and welcome to the WEC Energy Group's Conference Call for Third Quarter 2024 Results. This call is being recorded for rebroadcast and all participants are in a listen-only mode at this time.
WEC's third-quarter 2024 earnings and revenues decrease year over year. Total operating expenses decline during the same period.