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Stock impact report

WEC Energy Group reports first-quarter results

WEC Energy Group, Inc. (WEC) 
Last wec energy group, inc. earnings: 1/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: wecenergygroup.com/invest/investor.htm
Company Research Source: PR Newswire
MILWAUKEE, May 2, 2022 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $565.9 million, or $1.79 per share, for the first quarter of 2022 — up from $510.1 million, or $1.61 per share, for last year's first quarter.Consolidated revenues totaled $2.9 billion, up $216.7 million from the first quarter a year ago."A colder than normal winter, a strong economy and the performance of our infrastructure segment were the major factors driving our first-quarter results," said Gale Klappa, executive chairman. "The year is off to a solid start as we continue to focus on the fundamentals of our business."For the quarter, natural gas deliveries in Wisconsin — excluding natural gas used for power generation — rose by 9.3 percent compared to the first quarter of 2021. On a weather-normal basis, natural gas deliveries were 3.6 percent higher.Retail deliveries of electricity — excluding the iron ore mine in Michigan's Upper Peninsula — increased by 2.2 percent in the first quar Show less Read more
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