WEC Energy Group
Q2 2022 Earnings Call
Aug 02, 2022, 2:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon, and welcome to WEC Energy Group's conference call for second quarter 2022 results. This call is being recorded for rebroadcast. [Operator instructions] Before the conference call begins, I remind you that all statements in the presentation, other than historical facts, are forward-looking statements that involve risks and uncertainties that are subject to change at any time. Such statements are based on management's expectations at the time they are made.
In addition to the assumptions and other factors referred to in connection with the statements, factors described in WEC Energy Group's latest Form 10-K and subsequent reports filed with the Securities and Exchange Commission could cause actual results to differ materially from those contemplated. During the discussions, referenced earnings per share will be based on diluted earnings per share, unless otherwise noted. After the presentation, the conference will open to analysts for questions and answers. In conjunction with this call, a package of detailed financial information is posted at wecenergygroup.com.
A replay will be available approximately two hours after the conclusion of this call. And now it is my pleasure to introduce Gale Klappa, executive chairman, and WEC Energy Group.
Gale Klappa -- Executive Chairman
Hot town summer in the city. Good afternoon, everyone. Thank you for joining us today as we review our results for the second quarter of 2022. First, I'd like to introduce the members of our management team who are here with me today.
We have Scott Lauber, our president and chief executive; Xia Liu, our chief financial officer; and Beth Straka, senior vice president of corporate communications and investor relations. Now as you saw from our news release this morning, we reported second quarter 2022 earnings of $0.91 a share. A warm start to the summer, solid results from our Infrastructure segment and continued execution of our capital plan were major factors that shaped yet another strong quarter. In light of this strong performance, we're again raising our earnings guidance for 2022, this time by $0.02 a share, to a new range of $4.36 to $4.40 per share.
We expect to reach the top end of this new range. This, of course, assumes normal weather for the remainder of the year. Our balance sheet and our cash flows remain strong. And as we've discussed, this allows us to fund a highly executable capital plan without any need for new equity.