WEC Energy (WEC) Tops Q1 EPS by 11c, Revenues Miss; Reaffirms FY20 EPS Outlook

WEC Energy (NYSE: WEC) reported Q1 EPS of $1.43, $0.11 better than the analyst estimate of $1.32. Revenue for the quarter came in at $2.11 billion versus the consensus estimate of $2.44 billion.

"We delivered another solid quarter, despite mild winter temperatures and an economic downturn that began in late March as businesses closed to slow the spread of COVID-19," said Gale Klappa, executive chairman. "In the months ahead, we will continue to focus on employee safety and on executing the fundamentals of our business – world-class reliability, customer satisfaction and financial discipline." He added, "Our team is experienced and resilient. I'm confident we'll shine through the challenges ahead."

GUIDANCE:

WEC Energy sees FY2020 EPS of $3.71-$3.75, versus the consensus of $3.72.

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

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