WEC Latest Report

Performance Review

Wisconsin Energy achieved total operating revenue of US$2.284 billion in 2024, up 2.97% from US$2.218 billion in 2023. Although the growth was relatively small, it reflected the company's stable performance in sales and operations, demonstrating its resilience in a certain market environment.

Key Data in the Financial Report

1. The total operating revenue of Wisconsin Energy was US$2.284 billion, up US$66 million from US$2.218 billion in 2023, a 2.97% increase.

2. The sales cost decreased from US$761 million in 2023 to US$738 million, indicating good cost control.

3. The income from affiliates increased from US$45 million in 2023 to US$69 million, a significant increase supporting the overall operating revenue growth.

4. In the first quarter of 2024, despite a 7.20% decrease in operating revenue, net profit increased by 22.66% to US$623 million.

Peer Comparison

1. Industry-wide analysis: The overall energy industry in 2024 faced challenges from policy adjustments and market demand fluctuations. Wisconsin Energy's operating revenue growth showed relative resilience compared to other companies, possibly due to its market positioning and operating strategies.

2. Peer evaluation analysis: Wisconsin Energy's operating revenue growth of 2.97% is at a medium level in the industry. Although the growth is not significant, its stable growth in a complex market environment reflects its good market adaptability and management.

Summary

Wisconsin Energy achieved relatively stable revenue growth in 2024, mainly due to stable market demand, effective cost control, and increased income from affiliates. However, the overall industry faces challenges, and the company needs to pay attention to market changes and competitive pressures.

Opportunities

1. Continue to optimize cost control and operational efficiency to further enhance profitability.

2. Increase overall revenue sources through diversified investments and increased income from affiliates.

3. Strengthen marketing strategies to explore potential customers and drive revenue growth.

Risks

1. The industry as a whole faces challenges from policy and market demand fluctuations, which may affect the company's revenue performance.

2. The company needs to continuously innovate to maintain its market share in the face of competitive pressure.

3. Changes in cost control measures may affect the company's profitability.