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WEC ENERGY GROUP RAISES QUARTERLY DIVIDEND BY SEVEN PERCENT

The Board of Directors of WEC Energy Group has declared a quarterly cash dividend of 83.50 cents per share on the company's common stock, an increase of 7 percent over the current quarterly dividend of 78 cents per share. This raises the annual dividend rate to $3.34 per share. The higher dividend is payable March 1, 2024, to stockholders of record on February 14, 2024. This marks the 326th consecutive quarter, dating back to 1942, that the company will have paid a dividend to its stockholders.

EARNINGS - DECEMBER 2023

XCEL ENERGY THIRD QUARTER 2023 EARNINGS REPORTED
Xcel Energy has reported 2023 third quarter GAAP earnings of $656 million, or $1.19 per share, compared with $649 million, or $1.18 per share in the same period in 2022 and ongoing earnings of $682 million, or $1.23 per share, compared with $649 million, or $1.18 per share in the same period in 2022.
Third quarter ongoing earnings results reflect the impact of increased recovery of infrastructure investments, higher sales and demand, lower operating and maintenance (O&M) expenses, partially offset by increased interest charges and depreciation.
“Xcel Energy delivered solid performance during the third quarter,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “As a result, we are narrowing our 2023 ongoing earnings guidance to $3.32 to $3.37 per share and initiating 2024 guidance of $3.50 to $3.60 per share.”
“We made significant progress on our industry-leading clean energy transition plans. In September, we filed a proposed 
plan for the largest clean energy transition effort in Colorado history. The plan includes approximately 6,500 MW of renewable energy and battery storage, and approximately 600 MW of natural gas resources to ensure reliability. With
the benefits of the Inflation Reduction Act, the resources in the plan would have an annual rate impact of approximately 2.3 percent.”

MGE ENERGY REPORTS THIRDQUARTER 2023 EARNINGS
MGE Energy has reported financial results for the third quarter of 2023. MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the third quarter of 2023 were $37.9 million, or $1.05 per share, compared to $33.7 million, or $0.93 per share, for the same period in the prior year.
The company’s third-quarter results were primarily driven by an increase in investments included in rate base. Also, warmer-than-normal weather led to an increase in electric residential sales of approximately 5% compared to the third quarter of 2022.
MGE continues to invest in new, cost-effective renewable generation, which is helping to fuel the company's asset growth. An increase in electric investments included in rate base contributed to increased electric earnings for the third quarter of 2023. The timing of depreciation expense also contributed to higher electric earnings in the third quarter of 2023. Depreciation costs are expected to increase after significant capital projects are completed, including the second phase of Badger Hollow and Paris solar projects.
In the third quarter of 2023, earnings from investment in ATC increased $0.9 million, driven by an estimated possible loss recorded in 2022 from filed complaints regarding MISO transmission owners' authorized return on equity. Gas net income in the third quarter of 2023 remained relatively flat compared to the third quarter of 2022.

WEC ENERGY GROUP REPORTS 3RD QUARTER RESULTS

On October 31, 2023, WEC Energy Group (NYSE: WEC)  reported net income of $316.0 million, or $1.00 per share, for the third quarter of 2023 — up from $302.0 million, or 96 cents per share, in last year's third quarter.

For the first nine months of 2023, the company recorded net income of $1.11 billion, or $3.52 per share — down from $1.16 billion, or $3.65 per share, in the corresponding period a year ago.

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ALLIANT ENERGY: Q2 EARNINGS SNAPSHOT

Alliant Energy has reported earnings of $160 million in its second quarter. On a per-share basis, the company said it had profit of 64 cents. The electric and gas utility parent company posted revenue of $912 million in the period.

Alliant Energy expects full-year earnings to be $2.82 to $2.96 per share.

MGE: QUARTER 2 EARNINGS REPORTED

MGE Energy has reported net income of $28.7 million in its second quarter. On a per-share basis, the company said it had net income of 79 cents. The public utility holding company posted revenue of $148 million in the period.

XCEL ENERGY SECOND QUARTER 2023 EARNINGS REPORTED

Xcel Energy has reported 2023 second quarter GAAP and ongoing earnings of $288 million, or $0.52 per share, compared with $328 million, or $0.60 per share, in the same period in 2022.

Earnings reflect the impact of unfavorable weather, higher operating and maintenance (O&M) expenses and interest charges, without expected increases in regulatory recovery to offset these drivers including the outcome of the Minnesota Electric Rate Case.

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WEC ENERGY GROUP REPORTS SECOND-QUARTER RESULTS

WEC Energy Group has reported net income of $289.7 million, or 92 cents per share, for the second quarter of 2023 — up from $287.5 million, or 91 cents per share, in last year's second quarter. For the first six months of 2023, the company recorded net income of $797.2 million, or $2.52 per share — down from $853.4 million, or $2.70 per share, in the corresponding period a year ago. Consolidated revenues totaled $4.7 billion for the first six months of 2023, down $317.9 million from revenues in the first half of 2022.

"After a down first quarter marked by one of the warmest winters on record, we delivered solid results in the second quarter. And we're firmly on track for a strong 2023," said Gale Klappa, executive chairman. "We're focused on the fundamentals of our business — financial discipline, operating efficiency and customer satisfaction."

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ALLIANT ENERGY ANNOUNCES FIRST QUARTER 2023 RESULTS

Alliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) consolidated unaudited earnings per share (EPS) for the three months ended March 31 as follows:

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WEC ENERGY Q1 EARNINGS SURPASS ESTIMATES, SALES LAG

WEC Energy Group has reported first-quarter 2023 earnings of $1.61 per share. However, the bottom line declined 10.1 percent from the year-ago quarter, down from $1.79 per share.

Operating revenues were $2 ,888.1 million. The top line also declined 0.69 percent from $2,908.1million in the year-ago quarter.

Xcel Energy First Quarter 2023 Earnings Report

  • First quarter GAAP diluted earnings per share were $0.76 in 2023 compared with $0.70 in 2022.
  • Xcel Energy reaffirms 2023 EPS guidance of $3.30 to $3.40.

Xcel Energy has reported 2023 first quarter GAAP and ongoing earnings of $418 million, or $0.76 per share, compared with $380 million, or $0.70 per share in the same period in 2022.

Earnings reflect recovery of electric and natural gas infrastructure investment and other regulatory outcomes, partially offset by higher depreciation, operating and maintenance (O&M) expenses and interest charges.

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XCEL ENERGY 2022 YEAR END EARNINGS REPORTED

Xcel Energy has reported 2022 GAAP and ongoing earnings of $1.74 billion, or $3.17 per share, compared with $1.60 billion, or $2.96 per share, in the same period in 2021.  Earnings reflect capital investment recovery and other regulatory outcomes, partially offset by increases in depreciation, interest charges and operating and maintenance (O&M) expenses.


“2022 was another solid year for Xcel Energy, where we delivered for our customers, our communities, our employees, and our investors. We delivered earnings of $3.17 per share, which is the 18th consecutive year we have met or beat our original earnings guidance,” said Bob Frenzel, Chairman, President and CEO of Xcel Energy.

“Our execution towards our clean energy future continues to lead the industry with regulatory approval in Colorado and the Upper Midwest by dramatically increasing the renewable energy available to our customers as we retire all of our coal-fired plants. And as a result of the energy tax provisions in the Inflation Reduction Act, we are able to reduce the cost to our customers over the assets’ lives by billions of dollars as we power the nation’s clean energy transition.” 

WEC ENERGY GROUP POSTS 2022 RESULTS

WEC Energy has reported net income of $1.4 billion, or $4.45 per share, for 2022. This compares to earnings of $1.3 billion, or $4.11 per share, for 2021 — a year-over-year increase of 8.3 percent.

For the fourth quarter of 2022, WEC Energy Group recorded net income of $252.7 million, or 80 cents per share. This compares to earnings of $224.2 million, or 71 cents per share, for the fourth quarter of 2021. 

Consolidated revenues totaled $9.6 billion for 2022, up $1.3 billion compared to 2021 revenues.

ALLIANT ENERGY ANNOUNCES 2022 RESULTS

MADISON, Wis. - February 23, 2023 - Alliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for 2022 and 2021.

“In 2022, we delivered another strong year of financial results, demonstrated by our sixth consecutive year of 6% or more EPS growth and the 20th consecutive year of dividend growth,” said John Larsen, Alliant Energy Chair, President and CEO. “Looking forward to 2023, we are excited to continue executing our Clean Energy Blueprint across Iowa and Wisconsin and delivering the safe, reliable and affordable energy our customers and communities count on.”

Highlights

  • GAAP earnings per share were $2.73 in 2022 compared to $2.63 in 2021



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MGE FOURTH QUARTER AND YEAR-END RESULTS

MGE Energy has reported financial results for the fourth quarter of 2022 and for the full year of 2022.

MGE Energy's earnings for the full year of 2022 were $111.0 million, or $3.07 per share, compared to $105.8 million, or $2.92 per share, for the same period in the prior year.

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Xcel Energy Third Quarter 2022 Earnings Report

Xcel Energy has reported 2022 third quarter GAAP and ongoing earnings of $649 million, or $1.18 per share, compared with $609 million, or $1.13 per share in the same period in 2021.  Earnings reflect capital investment recovery and other regulatory outcomes, partially offset by higher depreciation, interest expense and operating and maintenance (O&M) expenses.

“Xcel Energy had a strong third quarter – both operationally and financially – which has allowed us to narrow our 2022 earnings guidance to $3.14 to $3.19 per share,” said Bob Frenzel, Chairman, President and CEO of Xcel Energy.

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Alliant Energy announces third quarter 2022 results

Alliant Energy has announced U.S. (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for the three months ended September 30.

Utilities and Corporate Services - Alliant Energy’s Utilities and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $0.99 per share of GAAP EPS in the third quarter of 2022, which was $0.02 per share lower than the third quarter of 2021. The primary drivers of lower EPS were higher interest expense and timing of income tax expense.

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WEC Energy Group Reports Third-Quarter Results

WEC Energy Group has reported net income of $302.0 million, or 96 cents per share, for the third quarter of 2022 — up from $290.0 million, or 92 cents per share, in last year's third quarter.

For the first nine months of 2022, the company recorded net income of $1.16 billion, or $3.65 per share, up from $1.08 billion, or $3.40 per share, in the corresponding period a year ago.

Consolidated revenues totaled $7.0 billion for the first nine months of 2022, up $924.9 million over revenues for the first nine months of 2021.

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SECOND QUARTER 2022 EARNINGS | XCEL

Xcel Energy reaffirms 2022 EPS earnings guidance range of $3.10 to $3.20.

Xcel Energy has reported 2022 second quarter GAAP and ongoing earnings of $328 million, or $0.60 per share, compared with $311 million, or $0.58 per share in the same period in 2021. Earnings reflect capital investment recovery and other regulatory outcomes, partially offset by higher depreciation, interest expense and operating and maintenance (O&M) expenses.

“We had a solid quarter and as a result we are reaffirming our 2022 earnings guidance of $3.10 to $3.20 per share,” said Bob Frenzel, Chairman, President and CEO of Xcel Energy. “We achieved a significant regulatory milestone with approval of our Colorado Electric Resource Plan. Executing this plan and our Power Pathway transmission project will secure affordable, resilient, clean energy for our customers, reducing carbon emissions eighty-five percent in the state by 2030, generating eighty percent of electricity from renewable sources by the same year and retiring all coal generation in the state by January 1, 2031.”

Xcel Energy was also recently honored with several leadership awards, being inducted into the Climate Leadership Hall of Fame and receiving the Hubert H. Humphrey Public Leadership Award for ground breaking sustainability goals.

SECOND QUARTER 2022 EARNINGS | MGE, WEC, Alliant,

MGE Energy has reported second-quarter earnings of $21.8 million.
The company had net income of sixty cents per share. It posted revenue of $152.3 million in the period.


 

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Xcel Energy First Quarter 2022 Earnings Report

Xcel Energy has reported 2022 first quarter GAAP and ongoing earnings of $380 million, or $0.70per share, compared with $362 million, or $0.67 per share in the same period in 2021.

Earnings reflect capital investment recovery and other regulatory outcomes, partially offset by higher depreciation, interest expense and operating and maintenance expenses.

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