The company said its full-year 2024 GAAP net income was $1.5 billion ($4.83 per share), compared with $1.3 billion ($4.22 per share) for 2023. Excluding the charges related to ICC disallowances, WEC Energy Group said its 2024 adjusted earnings per share were $4.88, up 5.4% from $4.63 in 2023.

1. 01

   The company said its full-year 2024 GAAP net income was $1.5 billion ($4.83 per share), compared with $1.3 billion ($4.22 per share) for 2023. Excluding the charges related to ICC disallowances, WEC Energy Group said its 2024 adjusted earnings per share were $4.88, up 5.4% from $4.63 in 2023.

2. 02

   WEC Energy Group said its GAAP net income for Q4 2024 was $453.5 million ($1.43 per share), compared with $218.5 million (69 cents per share) for Q4 2023. It said full-year 2024 consolidated operating revenues were $8.6 billion, down $293.1 million from 2023.

3. 03

   The company reaffirmed its full-year 2025 earnings per share guidance of $5.17 to $5.27. It also said its board declared a quarterly cash dividend of 89.25 cents per share on January 16, a rate 6.9% above the previous dividend.

4. 04

   The company reported net cash provided by operating activities of $3,211.8 million and capital expenditures of $2,781.1 million for full-year 2024. In the same year, it issued $4,460.9 million of long-term debt, retired $2,138.0 million of long-term debt and paid $1,056.2 million in dividends on common stock.

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.

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

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