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Reported Q: Q4 2024 Rev YoY: +3.0% EPS YoY: +107.3% Move: +0.71%

WEC Energy Group Inc

0LSL.L

$115.83 0.71%

Exchange LSE Sector Utilities Industry General Utilities

Q4 2024

Published: Feb 21, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for 0LSL.L

Reported

Report Date

Feb 21, 2025

Quarter Q4 2024

Revenue

2.28B

YoY: +3.0%

EPS

1.43

YoY: +107.3%

Market Move

+0.71%

Previous quarter: Q3 2024

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Earnings Highlights

Revenue of $2.28B up 3% year-over-year
EPS of $1.43 increased by 107.3% from previous year
Gross margin of 44.6%
Net income of 453.80M
"Not available in the provided transcript data." -

0LSL.L

Company 0LSL.L

Period Q4 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 30, 2026

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Executive Summary

WEC Energy Group delivered solid top-line growth and margin expansion in Q4 2024, underpinned by its regulated utility franchise. Revenue for QQ4 2024 totaled $2.284 billion, up 3.0% year-over-year, with net income of $453.8 million and diluted earnings per share (EPS) of $1.43, up 107% YoY and 88% QoQ. Operating income rose 13.6% YoY and 54% QoQ to $590.9 million, reflecting favorable operating leverage and ongoing rate-base support. The company posted an EBITDA of $1.077 billion, with an EBITDAR ratio of approximately 0.471, and a net profit margin near 19.9%.

Key Performance Indicators

Revenue

Increasing

2.28B

QoQ: 22.58% | YoY: 3.01%

Gross Profit

Decreasing

1.02B

44.60% margin

QoQ: 31.31% | YoY: -9.99%

Operating Income

Increasing

590.90M

QoQ: 54.00% | YoY: 13.57%

Net Income

Increasing

453.80M

QoQ: 88.77% | YoY: 107.40%

EPS

Increasing

1.43

QoQ: 88.16% | YoY: 107.25%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $2.284B; YoY +3.01%; QoQ +22.58% | Gross Profit: $1.0188B; YoY -9.99%; QoQ +31.31% | Operating Income: $590.9M; YoY +13.57%; QoQ +54.00% | Net Income: $453.8M; YoY +107.40%; QoQ +88.77% | EPS: $1.43; YoY +107.25%; QoQ +88.16%

Margins and profitability indicate solid operating leverage in a regulated framework: gross margin 44.6%, operating margin 25.9%, net margin 19.9%. Leverage remains elevated consistent with capital-intensive utilities, with debt-to-capitalization at 0.621 and debt-to-equity at 1.639; however, interest coverage is a modest 2.87x. Cash flow from operations was $581.8M, while capital expenditures were $846.4M, leading to a negative free cash flow of $264.6M for the quarter. Free cash flow per share is negative $0.95, underscoring the ongoing capital program to support grid modernization and reliability investments.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	2.28B	3.01%	22.58%
Gross Profit	1.02B	-9.99%	31.31%
Operating Income	590.90M	13.57%	54.00%
Net Income	453.80M	107.40%	88.77%
EPS	1.43	107.25%	88.16%

Key Financial Ratios

Gross Profit Margin

Fair

29.70%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Excellent

26.60%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Good

19.90%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

0.94%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.65%

Return on equity suggests inefficient capital allocation

Current Ratio

Concern

0.60

Current ratio below safe levels, potential liquidity risk

Debt to Equity

High Risk

1.64

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Fair Value

16.50x

P/E ratio in line with market averages

Price to Book

Fair Value

2.41x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	2,104.00	0.83	+12.9%	View
Q2 2025	2,009.50	0.76	+13.4%	View
Q1 2025	3,149.50	2.27	+17.5%	View
Q4 2024	2,284.20	1.43	+3.0%	View
Q3 2024	1,863.50	0.76	-4.8%	View

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WEC Energy Group Inc (0LSL.L) Q4 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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