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WEC — WEC Energy News Story

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WEC Energy Q3 net income rises 13%, EPS up to $0.83

Overview

WEC Energy Q3 net income rises to $271.3 mln, up from $240.1 mln last year

Company reaffirms 2025 earnings guidance of $5.17 to $5.27 per share

Retail electricity deliveries in Q3 increased 1.9% excluding iron ore mine

Outlook

WEC Energy reaffirms 2025 EPS guidance of $5.17 to $5.27

Result Drivers

ELECTRICITY DELIVERIES - Retail electricity deliveries increased by 1.9% in Q3, excluding the iron ore mine

COMMERCIAL AND INDUSTRIAL USE - Electricity consumption by large commercial and industrial customers rose by 2.5%

FOCUS ON FUNDAMENTALS - CEO Scott Lauber cites reliability, financial discipline, and infrastructure development as key focuses

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 EPS$0.83
Q3 Net Income$271.30 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the electric utilities peer group is "buy" Wall Street's median 12-month price target for WEC Energy Group Inc is $123.00, about 6.8% above its October 29 closing price of $114.58 The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago Press Release: ID:nPn7jnPPxa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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