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

Date	Revenue	Change
2023-12-31	$8.89B	-7.34%
2022-12-31	$9.60B	15.41%
2021-12-31	$8.32B	14.83%
2020-12-31	$7.24B	-3.74%
2019-12-31	$7.52B	-2.04%
2018-12-31	$7.68B	0.41%
2017-12-31	$7.65B	2.36%
2016-12-31	$7.47B	26.09%
2015-12-31	$5.93B	18.59%
2014-12-31	$5.00B	10.58%
2013-12-31	$4.52B	6.42%
2012-12-31	$4.25B	-5.35%
2011-12-31	$4.49B	6.76%
2010-12-31	$4.20B	1.81%
2009-12-31	$4.13B	-6.84%
2008-12-31	$4.43B	4.56%
2007-12-31	$4.24B	6.04%
2006-12-31	$4.00B	4.74%
2005-12-31	$3.82B	11.20%
2004-12-31	$3.43B	-15.37%
2003-12-31	$4.05B	8.51%
2002-12-31	$3.74B	-4.89%
2001-12-31	$3.93B	17.10%
2000-12-31	$3.35B	47.61%
1999-12-31	$2.27B	14.79%
1998-12-31	$1.98B	10.63%
1997-12-31	$1.79B	0.89%
1996-12-31	$1.77B	0.19%
1995-12-31	$1.77B	1.62%
1994-12-31	$1.74B	5.99%
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

Date	Revenue	Change
2024-09-30	$1.86B	5.16%
2024-06-30	$1.77B	-33.89%
2024-03-31	$2.68B	20.87%
2023-12-31	$2.22B	13.29%
2023-09-30	$1.96B	6.96%
2023-06-30	$1.83B	-36.64%
2023-03-31	$2.89B	12.89%
2022-12-31	$2.56B	27.73%
2022-09-30	$2.00B	-5.87%
2022-06-30	$2.13B	-26.83%
2022-03-31	$2.91B	32.07%
2021-12-31	$2.20B	26.08%
2021-09-30	$1.75B	4.19%
2021-06-30	$1.68B	-37.72%
2021-03-31	$2.69B	39.21%
2020-12-31	$1.93B	17.10%
2020-09-30	$1.65B	6.61%
2020-06-30	$1.55B	-26.55%
2020-03-31	$2.11B	8.27%
2019-12-31	$1.95B	21.11%
2019-09-30	$1.61B	1.12%
2019-06-30	$1.59B	-33.11%
2019-03-31	$2.38B	14.47%
2018-12-31	$2.08B	26.35%
2018-09-30	$1.64B	-1.72%
2018-06-30	$1.67B	-26.85%
2018-03-31	$2.29B	11.27%
2017-12-31	$2.06B	23.98%
2017-09-30	$1.66B	1.59%
2017-06-30	$1.63B	-29.20%
2017-03-31	$2.30B	17.40%
2016-12-31	$1.96B	14.63%
2016-09-30	$1.71B	6.90%
2016-06-30	$1.60B	-27.01%
2016-03-31	$2.19B	18.75%
2015-12-31	$1.85B	8.81%
2015-09-30	$1.70B	71.38%
2015-06-30	$991.20M	-28.58%
2015-03-31	$1.39B	13.29%
2014-12-31	$1.23B	18.56%
2014-09-30	$1.03B	-1.00%
2014-06-30	$1.04B	-38.42%
2014-03-31	$1.70B	43.85%
2013-12-31	$1.18B	11.88%
2013-09-30	$1.05B	4.04%
2013-06-30	$1.01B	-20.62%
2013-03-31	$1.28B	19.04%
2012-12-31	$1.07B	3.07%
2012-09-30	$1.04B	10.01%
2012-06-30	$944.70M	-20.69%
2012-03-31	$1.19B	7.01%
2011-12-31	$1.11B	5.74%
2011-09-30	$1.05B	6.16%
2011-06-30	$991.70M	-25.36%
2011-03-31	$1.33B	21.92%
2010-12-31	$1.09B	11.98%
2010-09-30	$973.20M	9.24%
2010-06-30	$890.90M	-29.06%
2010-03-31	$1.26B	17.67%
2009-12-31	$1.07B	29.86%
2009-09-30	$821.90M	-2.45%
2009-06-30	$842.50M	-39.66%
2009-03-31	$1.40B	16.29%
2008-12-31	$1.20B	40.83%
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/Service	Dec 23	Dec 21	Dec 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/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 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

Country	Dec 23	Dec 22	Dec 21	Dec 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

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 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

Ticker	Company	Last Year Revenue	Last Quarter Revenue
EXC	Exelon	$21.73B	$6.15B
EIX	Edison	$16.34B	$5.37B
FE	FirstEnergy	$12.87B	$3.73B
DTE	DTE Energy Company	$12.74B	$2.91B
ETR	Entergy	$12.15B	$3.39B
PEG	Public Service Enterprise Group	$11.24B	$2.64B
WEC	WEC Energy Group	$8.89B	$1.86B
CNP	CenterPoint Energy	$8.70B	$1.86B
AEE	Ameren	$7.50B	$2.17B
CMS	CMS Energy	$7.46B	$1.74B
EVRG	Evergy	$5.49B	$1.45B
PNW	Pinnacle West Capital	$4.70B	$1.77B
LNT	Alliant Energy	$4.03B	$1.01B
MGEE	MGE 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.