How Does WEC Energy Group (WEC) Make Money?
Price: $106.81
Market Cap: $33.73B
Avg Volume: 2.26M
Market Cap: $33.73B
Avg Volume: 2.26M
Country: US
Industry: Regulated Electric
Sector: Utilities
Industry: Regulated Electric
Sector: Utilities
Revenue Breakdown Overview
WEC Energy Group generates revenue through various business segments and geographic regions. Here's a comprehensive breakdown of how the company makes money:
Product & Service Revenue Segments
WEC Energy Group's revenue comes from the following main product/service categories (Total Revenue: $9.07B):
- Wisconsin: $6.33B (69.8% of total)
- Other States: $449.80M (5.0% of total)
- Illinois: $1.60B (17.7% of total)
- Non-Utility Energy Infrastructure: $691.30M (7.6% of total)
Geographic Revenue Distribution
The company's revenue is distributed across these geographic regions (Total Revenue: $9.07B):
- Wisconsin: $6.33B (69.8% of total)
- Other States: $449.80M (5.0% of total)
- Illinois: $1.60B (17.7% of total)
- Non-Utility Energy Infrastructure: $691.30M (7.6% of total)
Revenue by Product Segment (2024)
Revenue by Geographic Region (2024)
Revenue Segments Over Time
Historical Revenue by Product Segment
| Year | Total Revenue | Illinois | Non-Utility Energy Infrastructure | Other States | Wisconsin |
|---|---|---|---|---|---|
| 2024 | $8.60B | $1.60B | $691.30M | $449.80M | $6.33B |
| 2023 | $8.89B | $1.56B | $666.50M | $519.10M | $6.63B |
| 2022 | $9.60B | $1.89B | $590.00M | $618.50M | $6.96B |
| 2021 | $8.32B | $1.67B | $539.50M | $519.00M | $6.04B |
| 2020 | $7.24B | $1.32B | $508.50M | $384.10M | $5.47B |
| 2019 | $7.52B | $1.36B | $495.90M | $426.00M | $5.65B |
| 2018 | $7.68B | $1.40B | $468.40M | $438.20M | $5.79B |
Geographic Revenue Over Time
Historical Revenue by Geographic Region
| Year | Total Revenue | Illinois | Non-Utility Energy Infrastructure | Other States | Wisconsin |
|---|---|---|---|---|---|
| 2024 | $8.60B | $1.60B | $691.30M | $449.80M | $6.33B |
| 2023 | $8.89B | $1.56B | $666.50M | $519.10M | $6.63B |
| 2022 | $9.60B | $1.89B | $590.00M | $618.50M | $6.96B |
| 2021 | $8.32B | $1.67B | $539.50M | $519.00M | $6.04B |
| 2020 | $7.24B | $1.32B | $508.50M | $384.10M | $5.47B |
| 2019 | $7.52B | $1.36B | $495.90M | $426.00M | $5.65B |
| 2018 | $7.68B | $1.40B | $468.40M | $438.20M | $5.79B |
Related Metrics
Explore detailed financial metrics and analysis for WEC.