WEC Energy (WEC) Tops Q1 EPS by 8c

WEC Energy (NYSE: WEC) reported Q1 EPS of $1.09, $0.08 better than the analyst estimate of $1.01. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.55 billion.

"We delivered solid results – particularly in light of the mild winter temperatures that reduced demand for electricity and natural gas across the Midwest," said Allen Leverett, chief executive officer.

Consolidated revenue for the first quarter of 2016 totaled $2.19 billion, compared to $1.39 billion in the first quarter of 2015. The increase was driven by the addition of $980 million of revenue from Integrys.

"Our focus on financial discipline, world-class reliability, and customer satisfaction continues to deliver tangible benefits to our customers and stockholders," Leverett said.

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

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