AI English summary of an SEC filing — figures as filed

WEC Energy Group said net income for Q2 2024 was $211.3 million (67 cents per share), down from $289.7 million (92 cents per share) in the same quarter a year earlier.

8-KResults of Operations and Financial ConditionFiled Jul 31, 2024Period of report Jul 31, 2024Summary published (UTC) Oct 22, 2026

Key points

AI summary

WEC Energy Group said net income for Q2 2024 was $211.3 million (67 cents per share), down from $289.7 million (92 cents per share) in the same quarter a year earlier.
The company said net income for the first six months of 2024 rose to $833.6 million ($2.64 per share) from $797.2 million ($2.52 per share) a year earlier. It said consolidated revenue for the first half was $4.5 billion, down $265.9 million from the first half of 2023.
The company reaffirmed its full-year 2024 earnings per share guidance of $4.80 to $4.90. It said the guidance assumes normal weather for the rest of the year.
WEC Energy Group reported net cash provided by operating activities of $1,901.0 million for the first six months of 2024. It also recorded long-term debt issuances of $2,074.2 million, long-term debt retirements of $785.4 million, and a net change in commercial paper of $(1,260.4) million.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Net income falls in Q2 2024

WEC Energy Group said net income for Q2 2024 was $211.3 million (67 cents per share), down from $289.7 million (92 cents per share) in the same quarter a year earlier.

Source · Based on the filing body and exhibits

First-half net income and revenue

The company said net income for the first six months of 2024 rose to $833.6 million ($2.64 per share) from $797.2 million ($2.52 per share) a year earlier. It said consolidated revenue for the first half was $4.5 billion, down $265.9 million from the first half of 2023.

Source · Based on the filing body and exhibits

Reaffirms 2024 full-year EPS guidance

The company reaffirmed its full-year 2024 earnings per share guidance of $4.80 to $4.90. It said the guidance assumes normal weather for the rest of the year.

Source · Based on the filing body and exhibits

First-half cash flow and borrowing changes

WEC Energy Group reported net cash provided by operating activities of $1,901.0 million for the first six months of 2024. It also recorded long-term debt issuances of $2,074.2 million, long-term debt retirements of $785.4 million, and a net change in commercial paper of $(1,260.4) million.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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