WEC Energy Group is one of the nation’s largest electric and natural gas delivery companies, with deep operational expertise, scale and financial resources to meet the region’s future energy needs. We focus on reliable service, customer satisfaction and shareholder value. Our regulated utility subsidiaries include Michigan Gas Utilities, Minnesota Energy Resources, Peoples Gas, North Shore Gas, We Energies and Wisconsin Public Service. Together, we provide vital services to nearly 4.4 million customers in Wisconsin, Illinois, Michigan and Minnesota. Our scale and geographic proximity allow for operating efficiencies across our 70,000 miles of electric distribution lines, 44,000 miles of natural gas distribution and transmission lines, and 8,800 megawatts of reliable power plant capacity. Another subsidiary, Trillium CNG™, provides compressed natural gas to fleets across the U.S. We’re committed to delivering world-class reliability and the very best customer care – anywhere. Our customers are at the heart of our business, and we work every day to help grow and support the communities we serve. As a Fortune 500 company, we value and develop our employees who are making a difference in a mission that matters. We have operating headquarters in Green Bay and Milwaukee, Wisconsin, and Chicago, Illinois. Our stock trades on the New York Stock Exchange under the symbol WEC.
Company Growth (employees)
WEC Energy Group was founded in 2015 and is headquartered in Milwaukee, US
Key People at WEC Energy Group
Allen Leverett
President & CEO
Scott Lauber
Executive Vice President & CFO
Heidi Humbert
VP & Chief Audit Officer
WEC Energy Group Office Locations
WEC Energy Group has an office in Milwaukee
Milwaukee, US (HQ)
231 W Michigan St
WEC Energy Group Data and Metrics
WEC Energy Group Financial Metrics
WEC Energy Group's revenue was reported to be $7.5 b in FY, 2016 which is a 26% increase from the previous period.
$, USD
Revenue (FY, 2016) | 7.5 b |
Revenue growth (FY, 2015 - FY, 2016), % | 26% |
Gross profit (FY, 2016) | 4.8 b |
Gross profit margin (FY, 2016), % | 65% |
Net income (FY, 2016) | 940.2 m |
EBIT (FY, 2016) | 1.7 b |
Market capitalization (23-Jun-2017) | 20 b |
Closing share price (23-Jun-2017) | 63.6 |
Cash (31-Dec-2016) | 37.5 m |
EV | 29.3 b |
WEC Energy Group's current market capitalization is $20 b.
| $, USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 4.5 b | 5 b | 5.9 b | 7.5 b |
Revenue growth, % | 11% | 19% | 26% | |
Cost of goods sold | 1.8 b | 2.3 b | 2.2 b | 2.6 b |
Gross profit | 2.7 b | 2.7 b | 3.7 b | 4.8 b |
Gross profit Margin, % | 60% | 55% | 62% | 65% |
Operating expense total | 3.5 b | 3.9 b | 4.7 b | 5.8 b |
EBIT | 1.1 b | 1.1 b | 1.3 b | 1.7 b |
EBIT margin, % | 24% | 22% | 21% | 23% |
Interest expense | 252.1 m | 241.5 m | 331.4 m | 402.7 m |
Pre tax profit | 915.3 m | 950 m | 1.1 b | 1.5 b |
Income tax expense | 337.9 m | 361.7 m | 433.8 m | 566.5 m |
Net Income | 577.4 m | 588.3 m | 640.3 m | 940.2 m |
| $, USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 26 m | 61.9 m | 49.8 m | 37.5 m |
Current Assets | 1.6 b | 1.5 b | 2.2 b | |
Goodwill | 441.9 m | 441.9 m | 3 b | 3 b |
Total Assets | 14.8 b | 15.2 b | 29.4 b | 30.1 b |
Accounts Payable | 342.6 m | 363.3 m | 815.4 m | 861.5 m |
Total Debt | 4.4 b | 4.2 b | 9.3 b | 9.3 b |
Current Liabilities | 1.5 b | 1.7 b | 2.7 b | |
Preferred Stock | 30.4 m | 30.4 m | ||
Additional Paid-in Capital | 4.3 b | 4.3 b | ||
Retained Earnings | 4.3 b | 4.6 b | ||
Debt to Assets Ratio | 0.3 x | 0.3 x | 0.3 x | 0.3 x |
| $, USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 577.4 m | 588.3 m | 640.3 m | 940.2 m |
Inventories | 31.3 m | (71.2 m) | ||
Accounts Payable | (14.8 m) | 23.7 m | (9.3 m) | 34.4 m |
Cash From Operating Activities | 1.2 b | 1.2 b | 1.3 b | 2.1 b |
Capital Expenditures | (687.4 m) | (736.1 m) | (1.3 b) | (1.4 b) |
Cash From Investing Activities | (2.5 b) | (1.3 b) | ||
Cash From Financing Activities | 1.2 b | (845.7 m) | ||
Free Cash Flow | 1.9 b | 1.9 b | 2.6 b | 3.5 b |
| $, USD | Y, 2016 |
|---|---|
EV/EBIT | 17.4 x |
EV/CFO | 13.9 x |
EV/FCF | 8.3 x |
Revenue/Employee | 922.8 k |
Debt/Assets | 0.3 x |
