WEC Energy Group (WEC) Revenue — Quarter Ended Dec 31, 2024
Revenue for the quarter increased compared with the immediately preceding period and the same period one year earlier. The quarterly performance reversed a pattern of lower revenues seen in prior quarters of the fiscal year.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the quarter increased compared with the immediately preceding period and the same period one year earlier. The quarterly performance reversed a pattern of lower revenues seen in prior quarters of the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
+22.6%
Change from the immediately preceding quarter.
Year-over-year
+3.0%
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 |
|---|---|---|
| Mar 31, 2024 | $2.7B | -7.2% |
| Jun 30, 2024 | $1.8B | -3.2% |
| Sep 30, 2024 | $1.9B | -4.8% |
| Dec 31, 2024 | $2.3B | +3.0% |
Revenue performance
The reported revenue was higher than the preceding quarter, reflecting a substantial sequential gain, and also exceeded the level from one year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose sharply. Compared with the same quarter one year earlier, revenue also increased, though at a more modest pace.
What to watch
Despite the sequential increase, the quarter's revenue remained below the highest level reported earlier in the fiscal year.