WEC Energy Group (WEC) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased from the prior sequential period but declined compared with the same quarter a year earlier. The filing context indicates that the company manages regulatory and liquidity matters, though no direct cause is attributed to the revenue change.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased from the prior sequential period but declined compared with the same quarter a year earlier. The filing context indicates that the company manages regulatory and liquidity matters, though no direct cause is attributed to the revenue change.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+5.2%
Change from the immediately preceding quarter.
Year-over-year
-4.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.5B
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 |
|---|---|---|
| Dec 31, 2023 | $2.2B | -13.3% |
| Mar 31, 2024 | $2.7B | -7.2% |
| Jun 30, 2024 | $1.8B | -3.2% |
| Sep 30, 2024 | $1.9B | -4.8% |
Revenue performance
Reported revenue moved higher relative to the immediately preceding quarter. The filing discussion describes capital market access and regulatory oversight but does not state a reason for the sequential revenue improvement.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was lower. The trailing twelve-month revenue figure also reflects a decline from the peak seen at the start of the year.
What to watch
The filing notes that current liabilities exceeded current assets by a material amount, though the company believes its liquidity sources are adequate to meet requirements.