WEC Energy Group
-1.6 %
35.2 %
Yet to be announced
Company Overview
WEC Energy Group, Inc. provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Electric Distribution, Non-Utility Energy Infrastructure, and Corporate and Other. As of December 31, 2021, it operated approximately 35,800 miles of overhead distribution lines.
Revenue Sources
PassBased on the company's financial statements and regulatory filings, WEC Energy Group's primary revenue streams come from regulated utility operations, specifically electricity and natural gas distribution and generation. These core business activities are halal as they provide essential services and involve the exchange of real products and services.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $3.15b | $2.44b | - | $223.0m | 0.00% | 9.16% |
| Dec. 31, 2024 | $2.28b | $1.89b | - | $195.4m | 0.00% | 10.35% |
| Sept. 30, 2024 | $1.86b | $1.68b | - | $204.2m | 0.00% | 12.13% |
| June 30, 2024 | $1.77b | $1.61b | - | $200.6m | 0.00% | 12.48% |
Analyzing the company's financial statements over the past four quarters shows that interest expenses represent a material portion of total expenses. Interest expenses averaged between 9-12% of total expenses across the quarters, which exceeds the 5% threshold for what is considered insignificant.
Operational Ethics
PassBased on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in the Midwestern United States.
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