WEC Energy Group (WEC) 10-K Summary — Year Ended Dec 31, 2024
WEC Energy Group filed its annual report for the most recent fiscal year. The filing covers the company's utility and non-utility operations, financial results, and risk factors.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
WEC Energy Group filed its annual report for the most recent fiscal year. The filing covers the company's utility and non-utility operations, financial results, and risk factors.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$8.6B
Revenue reported for the fiscal year.
Operating income
$2.2B
Income from operations reported for the year.
Net income
$1.5B
Net income reported for the year.
Operating cash flow
$3.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $8.3B | n/a |
| Dec 31, 2022 | $9.6B | +15.4% |
| Dec 31, 2023 | $8.9B | -7.3% |
| Dec 31, 2024 | $8.6B | -3.3% |
Business overview
The company operates through utility energy operations, including electric transmission, and non-utility operations. It is subject to regulation and environmental compliance requirements. The filing also discusses human capital matters.
Financial performance
Revenue has declined in the most recent two years, while operating income, net income, and operating cash flow are reported at substantial levels. The trend indicates a decrease in top-line performance compared to prior periods.
Material risks
The filing identifies risk factors related to regulation, environmental compliance, and operational aspects of the utility business. These risks could affect future results.
Liquidity and capital
Operating cash flow provides a source of liquidity for the company's capital needs. The management discussion addresses liquidity and capital resources.
What to watch
Monitor the trend in revenue and operating cash flow in the next filing.