WEC Energy Group Inc

NYSE WEC

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WEC Energy Group Inc Pre-Tax Margin for the year ending December 31, 2023: 23.47%

WEC Energy Group Inc Pre-Tax Margin is 23.47% for the year ending December 31, 2023, a 17.05% change year over year. Pre-tax margin represents the proportion of a company's earnings before taxes (EBT) to its revenue. It is calculated by dividing the EBT by the revenue. This ratio indicates the profitability of the company's operations before the impact of taxes. A higher pre-tax margin suggests that the company generates a larger proportion of revenue as pre-tax profit, indicating stronger operational performance and efficiency.
  • WEC Energy Group Inc Pre-Tax Margin for the year ending December 31, 2022 was 20.05%, a -2.78% change year over year.
  • WEC Energy Group Inc Pre-Tax Margin for the year ending December 31, 2021 was 20.62%, a -12.47% change year over year.
  • WEC Energy Group Inc Pre-Tax Margin for the year ending December 31, 2020 was 23.56%, a 15.74% change year over year.
  • WEC Energy Group Inc Pre-Tax Margin for the year ending December 31, 2019 was 20.36%, a -6.69% change year over year.
NYSE: WEC

WEC Energy Group Inc

CEO Mr. Gale E. Klappa
IPO Date Oct. 26, 1984
Location United States
Headquarters 231 West Michigan Street, Milwaukee, WI, United States, 53201
Employees 7,000
Sector Utilities
Industry Utilities - regulated electric
Description

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments. The company generates and distributes electricity from coal, natural gas, oil, and nuclear, as well as renewable energy resources, including wind, solar, hydroelectric, and biomass; and distributes and transports natural gas. It also owns, maintains, monitors, and operates electric transmission systems; and generates, distributes, and sells steam. As of December 31, 2023, the company operated approximately 35,500 miles of overhead distribution lines and 36,500 miles of underground distribution cables, as well as 430 electric distribution substations and 523,700 line transformers; approximately 46,400 miles of natural gas distribution mains; 1,700 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 490 natural gas distribution and transmission gate stations; and 69.3 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1896 and is headquartered in Milwaukee, Wisconsin.

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StockViz Staff

September 20, 2024

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