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WEC Energy Group (WEC) Revenue & Revenue Breakdown

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WEC Energy Group Revenue Highlights

Latest Revenue (Y)

$8.89B

Latest Revenue (Q)

$1.86B

Main Segment (Y)

Public Utility

Main Geography (Y)

Illinois

WEC Energy Group Revenue by Period

WEC Energy Group Revenue by Year

DateRevenueChange
2023-12-31$8.89B-7.34%
2022-12-31$9.60B15.41%
2021-12-31$8.32B14.83%
2020-12-31$7.24B-3.74%
2019-12-31$7.52B-2.04%
2018-12-31$7.68B0.41%
2017-12-31$7.65B2.36%
2016-12-31$7.47B26.09%
2015-12-31$5.93B18.59%
2014-12-31$5.00B10.58%
2013-12-31$4.52B6.42%
2012-12-31$4.25B-5.35%
2011-12-31$4.49B6.76%
2010-12-31$4.20B1.81%
2009-12-31$4.13B-6.84%
2008-12-31$4.43B4.56%
2007-12-31$4.24B6.04%
2006-12-31$4.00B4.74%
2005-12-31$3.82B11.20%
2004-12-31$3.43B-15.37%
2003-12-31$4.05B8.51%
2002-12-31$3.74B-4.89%
2001-12-31$3.93B17.10%
2000-12-31$3.35B47.61%
1999-12-31$2.27B14.79%
1998-12-31$1.98B10.63%
1997-12-31$1.79B0.89%
1996-12-31$1.77B0.19%
1995-12-31$1.77B1.62%
1994-12-31$1.74B5.99%
1993-12-31$1.64B-

WEC Energy Group generated $8.89B in revenue during NA 2023, up -7.34% compared to the previous quarter, and up 115.80% compared to the same period a year ago.

WEC Energy Group Revenue by Quarter

DateRevenueChange
2024-09-30$1.86B5.16%
2024-06-30$1.77B-33.89%
2024-03-31$2.68B20.87%
2023-12-31$2.22B13.29%
2023-09-30$1.96B6.96%
2023-06-30$1.83B-36.64%
2023-03-31$2.89B12.89%
2022-12-31$2.56B27.73%
2022-09-30$2.00B-5.87%
2022-06-30$2.13B-26.83%
2022-03-31$2.91B32.07%
2021-12-31$2.20B26.08%
2021-09-30$1.75B4.19%
2021-06-30$1.68B-37.72%
2021-03-31$2.69B39.21%
2020-12-31$1.93B17.10%
2020-09-30$1.65B6.61%
2020-06-30$1.55B-26.55%
2020-03-31$2.11B8.27%
2019-12-31$1.95B21.11%
2019-09-30$1.61B1.12%
2019-06-30$1.59B-33.11%
2019-03-31$2.38B14.47%
2018-12-31$2.08B26.35%
2018-09-30$1.64B-1.72%
2018-06-30$1.67B-26.85%
2018-03-31$2.29B11.27%
2017-12-31$2.06B23.98%
2017-09-30$1.66B1.59%
2017-06-30$1.63B-29.20%
2017-03-31$2.30B17.40%
2016-12-31$1.96B14.63%
2016-09-30$1.71B6.90%
2016-06-30$1.60B-27.01%
2016-03-31$2.19B18.75%
2015-12-31$1.85B8.81%
2015-09-30$1.70B71.38%
2015-06-30$991.20M-28.58%
2015-03-31$1.39B13.29%
2014-12-31$1.23B18.56%
2014-09-30$1.03B-1.00%
2014-06-30$1.04B-38.42%
2014-03-31$1.70B43.85%
2013-12-31$1.18B11.88%
2013-09-30$1.05B4.04%
2013-06-30$1.01B-20.62%
2013-03-31$1.28B19.04%
2012-12-31$1.07B3.07%
2012-09-30$1.04B10.01%
2012-06-30$944.70M-20.69%
2012-03-31$1.19B7.01%
2011-12-31$1.11B5.74%
2011-09-30$1.05B6.16%
2011-06-30$991.70M-25.36%
2011-03-31$1.33B21.92%
2010-12-31$1.09B11.98%
2010-09-30$973.20M9.24%
2010-06-30$890.90M-29.06%
2010-03-31$1.26B17.67%
2009-12-31$1.07B29.86%
2009-09-30$821.90M-2.45%
2009-06-30$842.50M-39.66%
2009-03-31$1.40B16.29%
2008-12-31$1.20B40.83%
2008-09-30$852.50M-9.89%
2008-06-30$946.10M-33.92%
2008-03-31$1.43B-

WEC Energy Group generated $1.86B in revenue during Q3 2024, up 5.16% compared to the previous quarter, and up 101.83% compared to the same period a year ago.

WEC Energy Group Revenue Breakdown

WEC Energy Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 21Dec 20
Wisconsin$6.63B$6.04B$5.47B
Public Utility$8.70B$8.23B$7.18B
Other States$519.10M$519.00M$384.10M
Corporate and Other$100.00K--

WEC Energy Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Public Utility (54.91%), Wisconsin (41.81%), Other States (3.28%), and Corporate and Other (0.00%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Wisconsin$1.59B$1.37B$1.78B$1.58B$1.62B$1.42B$2.00B$1.78B$1.68B$1.56B$1.94B$1.54B$1.46B$1.31B$1.73B$1.40B$1.37B$1.21B$1.50B$1.42B
Other States$53.00M$71.00M$184.60M$139.60M$47.60M$81.90M$250.00M$208.50M$69.20M$99.90M$240.90M$160.80M$52.80M$72.10M$233.30M$122.70M$48.30M$66.70M$146.40M$123.10M
Non-Utility Energy Infrastructure$163.10M$175.60M$170.90M-----------------
Illinois$173.60M$276.80M$666.00M-----------------
Corporate and Other----$100.00K---------------
Public Utility--$2.63B$2.16B$1.91B$1.78B$2.85B$2.53B$1.98B$2.10B$2.87B$2.18B$1.73B$1.66B$2.67B$1.92B$1.64B$1.53B$2.09B$1.92B
Consolidation, Eliminations----------------$-109.60M$-111.60M$-114.40M-

WEC Energy Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Wisconsin (80.32%), Illinois (8.77%), Non-Utility Energy Infrastructure (8.24%), and Other States (2.68%).

WEC Energy Group Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20
Illinois$1.56B$1.89B$1.67B$1.32B
Other States$519.10M$618.50M$519.00M$384.10M

WEC Energy Group's latest annual revenue breakdown by geography, as of Dec 23: Illinois (75.01%), and Other States (24.99%).

Quarterly Revenue by Country

CountrySep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Other States$53.00M$71.00M$184.60M$139.60M$47.60M$81.90M$250.00M$208.50M$69.20M$99.90M$240.90M$160.80M$52.80M$72.10M$233.30M$122.70M$48.30M$66.70M$146.40M$123.10M
Illinois$173.60M$276.80M$666.00M$441.30M$243.30M$273.50M$599.70M$536.10M$230.30M$442.40M$682.10M$477.70M$216.20M$275.50M$703.40M$391.20M$221.90M$261.20M$447.60M$379.70M
Wisconsin$1.59B$1.37B$1.78B-----------------
Non-Utility Energy Infrastructure$163.10M$175.60M$170.90M-----------------

WEC Energy Group's latest quarterly revenue breakdown by geography, as of Sep 24: Wisconsin (80.32%), Illinois (8.77%), Non-Utility Energy Infrastructure (8.24%), and Other States (2.68%).

WEC Energy Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
EXCExelon$21.73B$6.15B
EIXEdison$16.34B$5.37B
FEFirstEnergy$12.87B$3.73B
DTEDTE Energy Company$12.74B$2.91B
ETREntergy$12.15B$3.39B
PEGPublic Service Enterprise Group$11.24B$2.64B
WECWEC Energy Group$8.89B$1.86B
CNPCenterPoint Energy$8.70B$1.86B
AEEAmeren$7.50B$2.17B
CMSCMS Energy$7.46B$1.74B
EVRGEvergy$5.49B$1.45B
PNWPinnacle West Capital$4.70B$1.77B
LNTAlliant Energy$4.03B$1.01B
PNMPNM Resources$1.94B$488.10M
MGEEMGE Energy$690.43M$145.71M

WEC Revenue FAQ

What is WEC Energy Group’s yearly revenue?

WEC Energy Group's yearly revenue for 2023 was $8.89B, representing a decrease of -7.34% compared to 2022. The company's yearly revenue for 2022 was $9.6B, representing an increase of 15.41% compared to 2021. WEC's yearly revenue for 2021 was $8.32B, representing an increase of 14.83% compared to 2020.

What is WEC Energy Group’s quarterly revenue?

WEC Energy Group's quarterly revenue for Q3 2024 was $1.86B, a 5.16% increase from the previous quarter (Q2 2024), and a -4.80% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.77B, a -33.89% decrease from the previous quarter (Q1 2024), and a -3.17% decrease year-over-year (Q2 2023). WEC's quarterly revenue for Q1 2024 was $2.68B, a 20.87% increase from the previous quarter (Q4 2023), and a -7.20% decrease year-over-year (Q1 2023).

What is WEC Energy Group’s revenue growth rate?

WEC Energy Group's revenue growth rate for the last 3 years (2021-2023) was 6.94%, and for the last 5 years (2019-2023) was 18.21%.

What are WEC Energy Group’s revenue streams?

WEC Energy Group's revenue streams in c 23 are Wisconsin, Public Utility, Other States, and Corporate and Other. Wisconsin generated $6.63B in revenue, accounting 41.81% of the company's total revenue, up 9.75% year-over-year. Public Utility generated $8.7B in revenue, accounting 54.91% of the company's total revenue, up 5.76% year-over-year. Other States generated $519.1M in revenue, accounting 3.28% of the company's total revenue, up 0.02% year-over-year. Corporate and Other generated $100K in revenue, accounting 0.00% of the company's total revenue

What is WEC Energy Group’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of WEC Energy Group was Public Utility. This segment made a revenue of $8.7B, representing 54.91% of the company's total revenue.