WEC Energy (WEC) Tops Q1 EPS by 14c, Revenues Beat

WEC Energy (NYSE: WEC) reported Q1 EPS of $1.61, $0.14 better than the analyst estimate of $1.47. Revenue for the quarter came in at $2.69 billion versus the consensus estimate of $2.34 billion.

"Our positive first-quarter results were driven by colder weather, economic recovery in our region and a strong focus on operating excellence," said Gale Klappa, executive chairman. "Our people and our infrastructure were put to the test and performed remarkably during a bitter cold stretch in February, when temperatures in the northern portion of our service area dropped to minus 42 degrees Fahrenheit. Ongoing investments in our energy grid and our diverse fuel mix kept the economy moving and our 4.6 million customers warm and safe."

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

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