WEC Energy (WEC) Tops Q4 EPS by 1c, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Below Consensus
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WEC Energy Group posts strong 2018 results
February 12, 2019 7:00 AM ESTMILWAUKEE, Feb. 12, 2019 /PRNewswire/ --Â WEC Energy Group (NYSE: WEC) recorded net income based on generally accepted accounting principles (GAAP) of $1.06 billion, or $3.34 per share, for 2018. This compares to earnings of $1.20 billion, or $3.79 per share, for 2017. The 2017 results include earnings from recurring operations of $3.14 per share and the net impact of one-time, non-cash adjustments totaling 65 cents per share. These one-time adjustments reflect the application of the 2017 tax law to the company's non-utility assets and to the assets of the parent company.
2018 earnings of $3.34 per share compared to 2017 adjusted earnings of $3.14 per... More
