WEC Energy Group (WEC) Revenue & Revenue Breakdown
WEC Energy Group Revenue Highlights
Latest Revenue (Y)
$8.89B
Latest Revenue (Q)
$1.77B
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 |
|---|---|---|
| 2024-06-30 | $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 $1.77B in revenue during Q2 2024, up -33.89% compared to the previous quarter, and up 61.36% 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 |
|---|---|---|---|
| Other States | $519.10M | $519.00M | $384.10M |
| Public Utility | $8.70B | $8.23B | $7.18B |
| Wisconsin | $6.63B | $6.04B | $5.47B |
| 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 | 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 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other States | $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 | $48.90M |
| Wisconsin | $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 | $1.34B |
| Illinois | $276.80M | $666.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Non-Utility Energy Infrastructure | $175.60M | $170.90M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 | $1.59B |
| Consolidation, Eliminations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-109.60M | $-111.60M | $-114.40M | $-98.90M | - |
WEC Energy Group's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Wisconsin (72.33%), Illinois (14.63%), Non-Utility Energy Infrastructure (9.28%), and Other States (3.75%).
WEC Energy Group Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|
| Other States | $519.10M | $618.50M | $519.00M | $384.10M |
| Illinois | $1.56B | $1.89B | $1.67B | $1.32B |
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 | 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 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wisconsin | $1.37B | $1.78B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other States | $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 | $48.90M |
| Non-Utility Energy Infrastructure | $175.60M | $170.90M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Illinois | $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 | $198.00M |
WEC Energy Group's latest quarterly revenue breakdown by geography, as of Jun 24: Wisconsin (72.33%), Illinois (14.63%), Non-Utility Energy Infrastructure (9.28%), and Other States (3.75%).
WEC Energy Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| EXC | Exelon | $21.73B | $5.36B |
| EIX | Edison | $16.34B | $4.34B |
| FE | FirstEnergy | $12.87B | $3.28B |
| DTE | DTE Energy Company | $12.74B | $2.88B |
| ETR | Entergy | $12.15B | $2.95B |
| PEG | Public Service Enterprise Group | $11.24B | $2.42B |
| WEC | WEC Energy Group | $8.89B | $1.77B |
| CNP | CenterPoint Energy | $8.70B | $1.91B |
| AEE | Ameren | $7.50B | $1.69B |
| CMS | CMS Energy | $7.46B | $1.61B |
| EVRG | Evergy | $5.49B | $1.33B |
| PNW | Pinnacle West Capital | $4.70B | $1.31B |
| LNT | Alliant Energy | $4.03B | $799.00M |
| PNM | PNM Resources | $1.94B | $488.10M |
| MGEE | MGE Energy | $690.43M | $191.34M |
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 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). The company'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). WEC's quarterly revenue for Q4 2023 was $2.22B, a 13.29% increase from the previous quarter (Q3 2023), and a -13.32% decrease year-over-year (Q4 2022).
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 Other States, Public Utility, Wisconsin, and Corporate and Other. Other States generated $519.1M in revenue, accounting 3.28% of the company's total revenue, up 0.02% 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. Wisconsin generated $6.63B in revenue, accounting 41.81% of the company's total revenue, up 9.75% 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.