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WEC Energy Group WEC Allowance for equity funds used during construction

Allowance for equity funds used during construction at other companies

Atmos Energy logo
Atmos EnergyATO
$18.86M+29.5%
Ameren logo
AmerenAEE
$38M+65.2%
NorthWestern Energy Group, Inc. logo
NorthWestern Energy Group, Inc.NWE
$2.47M-47.0%
Middlesex Water Company logo
Middlesex Water CompanyMSEX
$384K+76.1%
Portland General Electric logo
Portland General ElectricPOR
$3M-40.0%
Avista logo
AvistaAVA
$3M0.0%

Other financials

Income statement

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Revenue$2.1B+2.6%
Gross profit$1.5B+4.7%
Operating income$432.8M+6.9%
Net income$299.2M+23.1%
EPS (diluted)$0.91+19.7%

Balance sheet

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Cash & equivalents$50.0M-27.7%
Total debt$21.6B+18.0%
Total equity$14.1B+3.4%
Total assets$52.8B+8.7%

Cash flow

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Operating cash flow$992.3M+16.3%
CapEx$1.3B+52.2%
Free cash flow-$269.7M-1,228%

Valuation

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Market cap$35.28B-0.1%
Enterprise value$56.79B+6.1%
P/E20.9×-0.4×
P/S3.5×-0.3×

Profitability

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Gross margin65.7%-2.1pp
Operating margin22.8%-2.1pp
Net margin16.7%-1.1pp
FCF margin-13.5%—

Returns & leverage

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Return on equity12.2%-0.6pp
Debt / equity1.5×+0.2×
Current ratio0.5×0.0×

FAQ

What does allowance for equity funds used during construction mean?
This represents the equity component of the Allowance for Funds Used During Construction (AFUDC), reflecting the estimated cost of equity capital used to finance construction work in progress. Unlike the debt component, this is a non-cash item that increases net income during the construction phase of utility assets. It serves as a mechanism to ensure shareholders are compensated for the capital tied up in projects not yet generating revenue.