WEC Energy (WEC) Tops Q1 EPS by 8c, Revenues Miss; Affirms FY10 EPS Mid-Point Guidance Below Consensus

WEC Energy (NYSE: WEC) reported Q1 EPS of $1.33, $0.08 better than the analyst estimate of $1.25. Revenue for the quarter came in at $2.38 million versus the consensus estimate of $2.47 million.

"Our strong first quarter results were driven by colder than normal weather and a focus on operating efficiency across our system of companies," said Gale Klappa, Executive Chairman. "The energy infrastructure we've built to serve our 4.5 million customers was put to the test by the polar vortex cold snap in January," he added. "Our people and our systems performed exceptionally well as wind chills dropped to nearly 50 degrees below zero and demand for natural gas set new all-time records."

GUIDANCE:

WEC Energy sees FY2019 EPS of $3.48-$3.52, versus the consensus of $3.51.

For earnings history and earnings-related data on WEC Energy (WEC) click here.

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