WEC Energy Group Inc (0LSL.L) Q4 2024: 0lsl L

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WEC Energy Group Inc

0LSL.L

$104.79 0.99%

Exchange: LSE | Sector: Utilities | Industry: General Utilities

Q4 2024

Published: Feb 21, 2025

Earnings Highlights

Revenue of $2.28B up 3% year-over-year
EPS of $1.43 increased by 107.3% from previous year
Gross margin of 44.6%
Net income of 453.80M
"Not available in the provided transcript data." -

0LSL.L

Company 0LSL.L

Period Q4 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 16, 2025

Executive Summary

WEC Energy Group delivered solid top-line growth and margin expansion in Q4 2024, underpinned by its regulated utility franchise. Revenue for QQ4 2024 totaled $2.284 billion, up 3.0% year-over-year, with net income of $453.8 million and diluted earnings per share (EPS) of $1.43, up 107% YoY and 88% QoQ. Operating income rose 13.6% YoY and 54% QoQ to $590.9 million, reflecting favorable operating leverage and ongoing rate-base support. The company posted an EBITDA of $1.077 billion, with an EBITDAR ratio of approximately 0.471, and a net profit margin near 19.9%.

Key Performance Indicators

Revenue

Increasing

2.28B

QoQ: 22.58% | YoY: 3.01%

Gross Profit

Decreasing

1.02B

44.60% margin

QoQ: 31.31% | YoY: -9.99%

Operating Income

Increasing

590.90M

QoQ: 54.00% | YoY: 13.57%

Net Income

Increasing

453.80M

QoQ: 88.77% | YoY: 107.40%

EPS

Increasing

1.43

QoQ: 88.16% | YoY: 107.25%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $2.284B; YoY +3.01%; QoQ +22.58% | Gross Profit: $1.0188B; YoY -9.99%; QoQ +31.31% | Operating Income: $590.9M; YoY +13.57%; QoQ +54.00% | Net Income: $453.8M; YoY +107.40%; QoQ +88.77% | EPS: $1.43; YoY +107.25%; QoQ +88.16%

Margins and profitability indicate solid operating leverage in a regulated framework: gross margin 44.6%, operating margin 25.9%, net margin 19.9%. Leverage remains elevated consistent with capital-intensive utilities, with debt-to-capitalization at 0.621 and debt-to-equity at 1.639; however, interest coverage is a modest 2.87x. Cash flow from operations was $581.8M, while capital expenditures were $846.4M, leading to a negative free cash flow of $264.6M for the quarter. Free cash flow per share is negative $0.95, underscoring the ongoing capital program to support grid modernization and reliability investments.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	2.28B	3.01%	22.58%
Gross Profit	1.02B	-9.99%	31.31%
Operating Income	590.90M	13.57%	54.00%
Net Income	453.80M	107.40%	88.77%
EPS	1.43	107.25%	88.16%

Key Financial Ratios

Gross Profit Margin

Fair

29.70%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Excellent

26.60%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Good

19.90%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

0.94%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.65%

Return on equity suggests inefficient capital allocation

Current Ratio

Concern

0.60

Current ratio below safe levels, potential liquidity risk

Debt to Equity

High Risk

1.64

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Fair Value

16.50x

P/E ratio in line with market averages

Price to Book

Fair Value

2.41x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	2,104.00	0.83	+12.9%	View
Q2 2025	2,009.50	0.76	+13.4%	View
Q1 2025	3,149.50	2.27	+17.5%	View
Q4 2024	2,284.20	1.43	+3.0%	View
Q3 2024	1,863.50	0.76	-4.8%	View

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WEC Energy Group Inc (0LSL.L) Q4 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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