WEC Energy Group
- Revenue$8.3 BFY, 2021
- Market Capitalization$32.8 B2022-08-04
OverviewSuggest Edit
WEC Energy Group is an electric generation and distribution and natural gas delivery holding company. It operates Michigan Gas Utilities, Minnesota Energy Resources, North Shore Gas, Peoples Gas, Upper Michigan Energy Resources, We Energies, and Wisconsin Public Service subsidiaries. The subsidiaries are engaged in providing regulated electricity and gas services as well as nonregulated renewable energy.
| Type | Public | |
| Founded | 1981 | |
| HQ | Milwaukee, WI, US | Map |
| Website | wecenergygroup.com | |
| Employee Ratings | ||
| Overall Culture | C+ | More |
Key People/Management at WEC Energy Group
Scott J. Lauber
President and Chief Executive Officer, Director
Charles Matthews
President and Chief Executive Officer – Peoples Gas and North Shore Gas
Xia Liu
Executive Vice President and Chief Financial Officer
Margaret C. Kelsey
Executive Vice President, General Counsel and Corporate Secretary, Compliance Officer
James Schubilske
Vice President and Chief Audit Officer
Molly Mulroy
Executive Vice President and Chief Administrative Officer
WEC Energy Group Office Locations
WEC Energy Group has an office in Milwaukee
Milwaukee, WI, US (HQ)
231 W Michigan St
WEC Energy Group Financials and Metrics
WEC Energy Group Revenue
WEC Energy Group's revenue was reported to be $8.32 b in FY, 2021 which is a 14.8% increase from the previous period.
| USD | |
|---|---|
Revenue (Q1, 2022) | 2.9b |
Gross profit (Q1, 2022) | 1.5b |
Gross profit margin (Q1, 2022), % | 52.4% |
Net income (Q1, 2022) | 565.9m |
EBIT (Q1, 2022) | 731.4m |
Market capitalization (4-Aug-2022) | 32.8b |
Closing stock price (4-Aug-2022) | 103.9 |
Cash (31-Mar-2022) | 33.8m |
WEC Energy Group's current market capitalization is $32.8 b.
Annual
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 30.6m | 37.9m | 20.0m | 15.4m | 13.3m | 13.1m | 26.1m | 109.2m | 33.8m |
Accounts Receivable | 1.4b | 1.0b | 911.8m | 1.2b | 957.9m | 911.8m | 1.4b | 1.1b | 1.6b |
Prepaid Expenses | 167.2m | 254.8m | 166.1m | 200.0m | 210.3m | 169.5m | 258.8m | 195.7m | 172.9m |
Inventories | 330.1m | 461.4m | 593.3m | 391.1m | 467.7m | 573.4m | 353.5m | 645.7m | 368.8m |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 420.4m | 656.2m | 890.5m | 452.6m | 694.7m | 961.8m | 510.3m | 1.1b | ||
Depreciation and Amortization | 226.4m | 456.3m | 690.1m | 239.1m | 481.6m | 726.6m | 261.4m | 527.6m | 799.2m | 278.1m |
Inventories | 218.3m | 87.0m | (44.9m) | 158.7m | 82.1m | (23.6m) | 175.1m | 75.9m | (117.1m) | |
Accounts Payable | (204.3m) | (222.7m) | (192.3m) | (250.1m) | (188.3m) | (178.9m) | (181.5m) | (119.3m) | (15.1m) | (293.8m) |
| USD | FY, 2018 |
|---|---|
Debt/Equity | 0.4 x |
Debt/Assets | 0.4 x |
Financial Leverage | 1 x |
WEC Energy Group Operating Metrics
| FY, 2018 | FY, 2019 | FY, 2020 | |
|---|---|---|---|
Electric Customers (Residential, Wisconsin Segment) | 1.44 m | 1.45 m | 1.46 m |
Electric Customers (Small Commercial and Industrial, Wisconsin Segment) | 173.2 k | 174.6 k | 175.8 k |
Electric Customers (Large Commercial and Industrial, Wisconsin Segment) | 900 | 900 | 800 |
Electric Customers (Wholesale and Other, Wisconsin Segment) | 2.7 k | 2.7 k | 3 k |
WEC Energy Group Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Integrys Energy Group | June 23, 2014 | $9.1 b |
| Wicor | April 26, 2000 | $1.2 b |
| American Transmission Company LLC | ||
| ATC Development Manager, Inc. | ||
| ATC Holdco LLC | ||
| ATC Holding LLC | ||
| ATC Management Inc. | ||
| BGS Kimball Gas Storage, LLC | ||
| Bluewater Gas Storage, LLC | ||
| Bluewater Natural Gas Holding, LLC |
WEC Energy Group Revenue Breakdown
WEC Energy Group revenue breakdown by business segment: 54.3% from Electric, 43.5% from Natural Gas and 2.2% from Other
Human Capital Metrics
WEC Energy Group Cybersecurity Score
WEC Energy Group Environment, Social & Governance (ESG) Ratings
WEC Energy Group Online and Social Media Presence
619 Twitter followers
WEC Energy Group has 619 Twitter Followers. The number of followers has increased 0.7% month over month and increased 1.9% quarter over quarter
WEC Energy Group's Trends
Twitter Engagement Stats for @WECEnergyGroup
246
Tweets
4
Following
619
Followers
4
Tweets last 30 days
2.5
Avg. likes per Tweet
75%
Tweets with engagement
WEC Energy Group Company Culture
Overall Culture
C+
67/100
CEO Rating
C-
63/100
Compensation
D+
57/100
WEC Energy Group News and Updates
August 02, 2022
WEC Energy Group reports second-quarter results
MILWAUKEE, Aug. 2, 2022 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $287.5 million, or 91 cents per share, for the second quarter of 2022 – up from $276.0 million, or 87 cents per share, in last year's second quarter. For the first six months of 2022, the...
July 26, 2022
WEC Energy Group to announce 2022 second-quarter results Aug. 2
MILWAUKEE, July 26, 2022 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2022 second-quarter earnings news release before the stock market opens Tuesday, Aug. 2. A conference call for investors and security analysts is scheduled for the same day at 1 p.m. Central time....
May 05, 2022
Klappa, Lauber highlight a year of progress
At WEC Energy Group's (NYSE: WEC) virtual annual meeting of stockholders today, Executive Chairman Gale Klappa and President and CEO Scott Lauber highlighted how the company is building a bridge to the future with aggressive environmental goals and a focus on affordable, reliable and clean energy. T…
May 02, 2022
WEC Energy Group reports first-quarter results
MILWAUKEE, May 2, 2022 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $565.9 million, or $1.79 per share, for the first quarter of 2022 — up from $510.1 million, or $1.61 per share, for last year's first quarter. Consolidated revenues totaled $2.9 billion, up...
April 28, 2022
Clean energy investments and grid hardening part of We Energies rate plan
We Energies filed proposals with the Public Service Commission of Wisconsin (PSCW) today for regulatory reviews that will set customer rates for electricity, natural gas and steam for 2023. The filing comes as We Energies is in the midst of the largest clean energy transition in company history. “We…
April 28, 2022
Clean energy investments and grid hardening part of WPS rate plan
Wisconsin Public Service (WPS) filed proposals with the Public Service Commission of Wisconsin (PSCW) today for regulatory reviews that will set customer rates for electricity and natural gas for 2023. The filing comes as WPS is in the midst of the largest clean energy transition in company history.…
WEC Energy Group Frequently Asked Questions
When was WEC Energy Group founded?
WEC Energy Group was founded in 1981.
Who are WEC Energy Group key executives?
WEC Energy Group's key executives are Scott J. Lauber, Charles Matthews and Xia Liu.
How many employees does WEC Energy Group have?
WEC Energy Group has 6,938 employees.
What is WEC Energy Group revenue?
Latest WEC Energy Group annual revenue is $8.3 b.
What is WEC Energy Group revenue per employee?
Latest WEC Energy Group revenue per employee is $1.2 m.
Who are WEC Energy Group competitors?
Competitors of WEC Energy Group include Consumers Energy, Kansai Electric Power and Eversource Energy.
Where is WEC Energy Group headquarters?
WEC Energy Group headquarters is located at 231 W Michigan St, Milwaukee.
Where are WEC Energy Group offices?
WEC Energy Group has an office in Milwaukee.
How many offices does WEC Energy Group have?
WEC Energy Group has 1 office.
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