WEC Energy Group (WEC) Revenue — Quarter Ended Mar 31, 2023
Revenue rose compared to the immediately preceding quarter. It slipped relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue rose compared to the immediately preceding quarter. It slipped relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.9B
Revenue reported for this quarter.
Quarter-over-quarter
+12.9%
Change from the immediately preceding quarter.
Year-over-year
-0.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2.1B | +26.9% |
| Sep 30, 2022 | $2B | +14.7% |
| Dec 31, 2022 | $2.6B | +16.2% |
| Mar 31, 2023 | $2.9B | -0.7% |
Revenue performance
Reported revenue increased from the prior quarter, continuing a pattern of sequential growth. On an annual comparison, revenue was slightly lower than the same period a year ago.
Quarterly comparison
Compared to the prior quarter, revenue showed a clear increase. Compared to the same quarter one year earlier, revenue was modestly lower.
What to watch
The company noted that current liabilities exceeded current assets at quarter end, providing context on its short-term liquidity position.