WEC Energy Group (WEC) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter rose compared to the immediately preceding quarter, but fell compared to the same quarter one year earlier. The filing context notes that current liabilities exceeded current assets at the end of the period, though management believes liquidity remains adequate.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter rose compared to the immediately preceding quarter, but fell compared to the same quarter one year earlier. The filing context notes that current liabilities exceeded current assets at the end of the period, though management believes liquidity remains adequate.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
+20.9%
Change from the immediately preceding quarter.
Year-over-year
-7.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.7B
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, 2023 | $1.8B | -14.0% |
| Sep 30, 2023 | $2B | -2.3% |
| Dec 31, 2023 | $2.2B | -13.3% |
| Mar 31, 2024 | $2.7B | -7.2% |
Revenue performance
Reported revenue increased from the prior quarter, reversing the declining trend seen in recent quarters. However, the year-over-year comparison shows a decrease relative to the same period a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved. Compared with the same quarter one year earlier, revenue declined.
What to watch
The company’s current liabilities exceeded current assets at quarter end, a factor that may warrant attention in future periods.