WEC Energy (WEC) Tops Q4 EPS by 5c, Revenues Miss; Maintains FY20 EPS Outlook

WEC Energy (NYSE: WEC) reported Q4 EPS of $0.77, $0.05 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.95 billion versus the consensus estimate of $2.21 billion.

"From network reliability to customer satisfaction to earnings and dividend growth, the company continues to perform at a high level," said Gale Klappa, executive chairman. "And we're poised for progress in 2020 as we work to deliver a clean energy future that is safe, reliable and affordable."

GUIDANCE:

WEC Energy sees FY2020 EPS of $3.71-$3.75, versus the consensus of $3.73.

"Today, we are also reaffirming the company's 2020 earnings guidance. We expect earnings to be in a range of $3.71 to $3.75 per share — in line with our long-term objective of growing earnings at a rate of 5 to 7 percent annually," Klappa said.

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

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