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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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WEC Energy Group Reports First-Quarter Results

WEC Energy Group has reported net income of $565.9 million, or $1.79 per share, for the first quarter of 2022, up from $510.1 million, or $1.61 per share, for last year's first quarter. Consolidated revenues totaled $2.9 billion, up $216.7 million from the first quarter a year ago.

"A colder than normal winter, a strong economy and the performance of our infrastructure segment were the major factors driving our first-quarter results," said Gale Klappa, Executive Chairman. "The year is off to a solid start as we continue to focus on the fundamentals of our business."

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Alliant Energy Announces First Quarter 2022 Earnings

Alliant Energy Corporation has announced U.S. generally accepted accounting principles (GAAP) consolidated unaudited earnings per share (EPS) for the three months ended March 31.

“We had a solid start to the year with more than 25 percent of our 2022 guidance midpoint coming in the first quarter, and we are reaffirming our 2022 guidance range of $2.67 to $2.81,” said John Larsen, Alliant Energy Chair, President and CEO. “We are also excited to share yet another major milestone in our purpose-driven clean energy transition, receiving verbal approval today for the remaining 414 megawatts of our nearly 1,100 megawatt proposed solar expansion in Wisconsin.”

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EARNINGS | DIVIDENDS

WEC ENERGY GROUP RAISES QUARTERLY DIVIDEND BY 7.4 PERCENT
The Board of Directors of WEC Energy Group declared a quarterly cash dividend of 72.75 cents per share on the company's common stock, an increase of 7.4 percent over the current quarterly dividend of 67.75 cents per share. This raises the annual dividend rate to $2.91 per share. The higher dividend was paid on March 1, 2022, to stockholders of record on February 14, 2022. This marks the 318th consecutive quarter, dating back to 1942, that the company will have paid a dividend to its stockholders.

WEC ENERGY GROUP POSTS 2021 RESULTS
WEC Energy Group has reported net income of $1.3 billion, or $4.11 per share, for 2021. This compares to earnings of $1.2 billion, or $3.79 per share, for 2020 — a year-over-year increase of 8.4 percent. For the fourth quarter of 2021, WEC Energy Group recorded net income of $224.2 million, or 71 cents per share. This compares to earnings of $239 million, or 76 cents per share, for the fourth quarter of 2020. Consolidated revenues totaled $8.3 billion for 2021, up $1.1 billion compared to 2020 revenues.

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EARNINGS | DIVIDENDS

XCEL ENERGY THIRD-QUARTER 2021 EARNINGS REPORTED
Xcel Energy has reported 2021 third-quarter GAAP and ongoing earnings of $609 million, or $1.13 per share, compared with $603 million, or $1.14 per share, in the same period in 2020. Earnings reflect higher electric and natural gas margins and lower operating and maintenance (O&M) expenses, which were offset by additional depreciation and lower allowance for funds used during construction.

Xcel Energy posted strong year-to-date results, and is narrowing its 2021 earnings guidance to $2.94 to $2.98 per share. It is also issuing an updated capital forecast of $26 billion for 2022 to 2026, which will provide significant benefits to customers, help the company achieve its system goals by 2050, and drive rate base growth of 6.5 percent. In addition, the company is initiating 2022 earnings guidance of $3.10 to $3.20 per share, which is consistent with long-term growth objectives.

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EARNINGS: SECOND QUARTER

WEC ENERGY GROUP DECLARES QUARTERLY DIVIDEND
The Board of Directors of WEC Energy Group has declared a quarterly cash dividend of 67.75 cents per share on the company’s common stock. The dividend was payable September 1, 2021, to stockholders of record on August 13, 2021. This marks the 316th consecutive quarter, dating back to 1942, that the company will have paid a dividend to its stockholders.

WEC ENERGY GROUP REPORTS SECOND-QUARTER RESULTS
WEC Energy Group has reported net income of $276.0 million, or 87 cents per share, for the second quarter of 2021 – up from $241.6 million, or 76 cents per share, for the second quarter last year. For the first six months of 2021, the company recorded net income of $786.1 million, or $2.49 per share – up from $694.1 million, or $2.19 per share, in the corresponding period a year ago. Consolidated revenues totaled $4.4 billion for the first six months of 2021, up $710.3 million from revenues for the first half of 2020.
MGEE SECOND QUARTER EARNINGS
MGE Energy has reported second-quarter net income of $22.9 million. The company said it had profit of 63 cents per share. The public utility holding company posted revenue of $130.7 million in the period. MGE shares have increased thirteen percent since the beginning of the year. The stock has increased twenty-two percent in the last 12 months.
ALLIANT ENERGY ANNOUNCES SECOND QUARTER 2021 RESULTS
Alliant Energy Corporation has announced U.S. generally accepted accounting principles consolidated unaudited earnings per share (EPS) for the three months ended June 30 as follows:
“Our purpose-driven strategy has once again delivered solid financial and operating results,” said John Larsen, Alliant Energy Chair, President and CEO. “We recently hosted an ESG Investor Day, showcasing our Corporate Responsibility Report and highlighting our position as a leading utility in the renewable energy transition. We are pleased to share that solid results through the first half of the year have us currently tracking toward the upper half of our 2021 earnings guidance.”

XCEL ENERGY ANNOUNCES SECOND QUARTER 2020 EARNINGS

Xcel Energy has reported 2020 second quarter GAAP and ongoing earnings of $287 million, or $0.54 per share, compared with $238 million, or $0.46 per share in the same period in 2019.

“Despite lower sales due to COVID-19, Xcel Energy achieved strong second quarter results primarily due to the positive impact of weather and cost management efforts. We are on track with our financial plan and are reaffirming our 2020 earnings guidance of $2.73 to $2.83 per share. However, we’ll continue to monitor and manage through the economic uncertainty of this pandemic,” said Ben Fowke, chairman and CEO of Xcel Energy.

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WISCONSIN ENERGY CORPORATION TO ISSUE DIVIDEND

The Board of Directors of WEC Energy Group has declared a quarterly cash dividend of 63.25 cents per share on the company’s common stock.
The dividend is payable September 1, 2020, to stockholders of record on August 14, 2020. This marks the 312th consecutive quarter, dating back to 1942, that the company will have paid a dividend to its stockholders.

Xcel Energy Inc. Board Declares Dividend on Common Stock

The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) declared a quarterly dividend on its common stock of 43 cents per share. The dividends are payable July 20, 2020, to shareholders of record on June 15, 2020.

PUBLIC UTILITY COMPANY ANNUAL MEETINGS

Due to COVID 19 and stay at home orders, the Public Utility companies will be hosting their stockholder Annual meetings virtually. Below is the list of companies, their meeting date, and how to attend. 

WEC Energy Group
WEC Energy Group (NYSE: WEC) will hold a virtual-only 2020 Annual Meeting on Wednesday, May 6, at 1:30 p.m. Central/2:30 p.m. Eastern time.  Sign Up

MGE Energy 2020 Annual Meeting Update 
This is an important update regarding our Annual Meeting on May 19, 2020, at 11 a.m. CST.
Since the printing of your proxy materials, we have modified the format of our Annual Meeting from an in-person meeting to a virtual meeting. Sign Up Online




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EARNINGS: February 2020

WEC ENERGY GROUP RAISES QUARTERLY DIVIDEND
WEC Energy has declared a quarterly cash dividend of 63.25 cents per share on the company’s common stock, an increase of 7 percent over the current quarterly dividend of 59 cents a share. This raises the annual dividend rate to $2.53 a share.

The higher dividend is payable March 1, 2020, to stockholders of record on February 14, 2020. This marks the 310th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders.


XCEL BOARD DECLARES DIVIDEND ON COMMON STOCK
The Board of Directors of Xcel Energy has declared a quarterly dividend on its common stock of 40.5 cents per share. The dividends were payable January 20, 2020, to shareholders of record on December 26, 2019.
Xcel Energy is a major U.S. electricity and natural gas company, with operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.6 million electricity customers and 2.0 million natural gas customers through its regulated operating companies.