WEC Energy Group (WEC) Revenue — Quarter Ended Jun 30, 2024
Revenue decreased significantly compared to the prior quarter and also declined slightly from the same quarter last year.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue decreased significantly compared to the prior quarter and also declined slightly from the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
-33.9%
Change from the immediately preceding quarter.
Year-over-year
-3.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.6B
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 |
|---|---|---|
| Sep 30, 2023 | $2B | -2.3% |
| Dec 31, 2023 | $2.2B | -13.3% |
| Mar 31, 2024 | $2.7B | -7.2% |
| Jun 30, 2024 | $1.8B | -3.2% |
Revenue performance
The reported revenue reflects a sharp drop from the preceding quarter and a modest year-over-year decline.
Quarterly comparison
The quarter-over-quarter decline was substantial, while the year-over-year decrease was moderate.
What to watch
Monitor upcoming quarters for sustained revenue trends.