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
Metric
Beat/Miss
Actual
Consensus 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
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(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.)