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second quarter $X.XX per the second XXXX earnings quarter Our share of in per XXXX. to share compared grew $X.XX
to normal, decrease in were investment year. continued accounted is favorable by quarter $X.XX Weather a compared emphasis Compared last Our cost control. on for largely the our results capital to quarter. $X.XX additional in the and a drag weather driven
income in quarter by packet expense news was coolest The quarter, fact, positive placed share beginning My main the other past In of is year-to-date XXth website June by by second O&M which recovery, fully morning offset be and the and a savings. additional includes income will comparison interest was our fuel on and taxes. operating results. on XX then the focus The per years. approximately the $X.XX income, this earnings by segment headwind was with weather good and
quarter by income tax new was Page rules, to of consolidated of $XXX.X million of impact the income second of operating XXXX the lease repairs accounting adoption X our operating our decrease the second to of decreased for million. $XX.X of and XXXX, compared million. of Adjusting a the packet, income earnings Referring quarter in $XXX.X operating $X million for the
standard, reporting. on net the new that does Remember lease income but which adapted accounting segment impact our affect January, we had in no our
XXXX For earnings and breakout of six the for Neither impacted second your these of income. on packet. of these XX first the reference, Page a the items both X our months have items net of we and
plan that the be escrow Recall of the settlement end that we transmission this tax asset regulatory remains The our to We Wisconsin, will the expectation certain our to Energies agreed as of to reduced repairs that rate offset benefits previous year. continues of and balance zero the of balances. growth part apply by
on will decrease decrease My net impact segment, income, new the remaining update the repairs rules. $X Starting with $X.X the Wisconsin operating of income, operating adjustments, and the focus tax in in lease was million these which million. excludes of segment the accounting
income, operating million expense, $XX.X by $X.X driven million in retirements. million. to in depreciation Lower our $XX.X This primarily substantially and expense largely weather, plant a sales drove offset operating was by related reduction by increased also decrease maintenance volume,
positive saw impact fuel. we a Additionally, from
expense offsetting In to increased Illinois, was decrease Margins million Partially and result to quarter benefit $X.X maintenance a first rates our higher the of segment by investments. related expense. due decreased much costs. in increase operating higher interim The million. income related Minnesota a State continued this depreciation and XXXX. and Operating repair normal to Other margin $XXX,XXX. was of our operating income saw than as We rose at our utility colder higher timing in in $X.X a work
operating Turning our at now segment Energy $X.X segment, to million. income was Infrastructure this down
expected, impact Hill income. As did and investments Wind Bishop have Upstream on operating a material not
However, in to come of are portion earnings the recognized an share facilities credits credits a offset tax the approximately to These these for and tax tax from form production as per significant our expense. earnings quarter. of added production $X.XX income
as loss our and in of quarter decreased the $XXX,XXX. Transmission of Corporate million, million. operating American and our from to changes million rules, impact increased excluding Company increase Combining and Other totaled operating XXXX. an The income second by of new $X.X $XX.X investment tax the at lease Earnings these $X compared repairs segment the
of driven a net related to was $X.X resolution operation FERC audit. a continued to by by by There no quarterly final offset impact $X.X XXXX was related decreased which capital investment. Other million prior expense. item, Approximately, driven The year in the income remainder the is to largely was of and increase maintenance million charge income. fully net
of portion was the gains benefit investment decrease investment benefit our gains segments. the these by that partially driven associated plans. lower expense, with a Additionally, in offset operating our Note including
slightly expense new higher of interest lease driven interest million, costs. net impact our increased investment $XX.X continued primarily and our capital the the by by guidance, Excluding
tax tax income The $XX.X before repairs a million. net XXXX Our factors to taxes, production were infrastructure major by credits our related income expense, investments, income tax of item. reform consolidated decreased tax lower and
our be XX.X% expect rate year. effective income and this tax We to XX.X% between
At expect rate taxpayer effective expect tax to of and we to XXXX. be benefits XXXX the XX%. be we a our XX% Excluding tax between this time, partial in repairs,
asset the on acquisitions capital. was higher from half statement flow working and by packet. and decreased XXXX. cash expenditures the at earnings increase cash now the the period to Looking million. X in activities $XXX.X million grew XXXX, for $XXX capital Total provided driven tax same of operating a first reform The Page a $X.X by refunds Net of customers decrease billion
in our our and reflects infrastructure energy investment utility This focus business. regulated
XX.X% at Our adjusted quarter, a was end ratio the from second the of debt-to-capital end of decrease the at XXXX. the XX.X%
of continues XXXX calculation treat subordinate the common as to notes Our WEC half Group equity. Energy
shares We are for programs. other any satisfy required to cash XXX(k) using options plans, and
forward, we the level increase the not million quarter first Going XXXX, the We shares. in in of to of any $XX.X first period same dividends issue $XXX.X million of in during the year. which the reflects common an do expect in effective additional over this six months XXXX, dividend increase that was paid
a XX,XXX gas of to natural Page system. the Retail our end natural to growth XX utilities XX earnings volume across now continue year-ago. shown XXXX, XX,XXX the electric more At approximately and customer and Turning were to our sales packet. sales, customers serving and see gas second we were of compared the quarter electric of more on
of retail ore excluding the a X%. normal half XXXX electricity, were basis, were down compared deliveries down mine Overall iron and weather the to first deliveries of X.X% on
for by this X% power gas first the versus Excluding of gas in a weather used Again, gas Wisconsin grew increased half power X.X% for Natural on generation, deliveries deliveries normal Wisconsin generation. used in XXXX. basis. excludes gas natural
was the quarter mind of dramatically the quarter XXXX that than in second weather the Keep of second in XXXX. different
experienced degree in a a XX% days. We As result, decrease Energies cooling
important effectiveness normalization the that think it's really limits to our I out dramatic our swing of calculations. point
guidance. a quick earnings on reminder Finally,
end earnings $X.XX $X.XX to to mentioned, guidance normal top assumes with the of an weather we remainder our range of the raising expectation per share the full-year range. Gale the of are for This reaching As year.
In third we quarter last looking third included $X.XX pickup warmer from $X.XX Now share, weather. per at quarter. year, normal for the than guidance a the the which earned
recent to takes to in the from our expect share. expense the per We the earnings $X.XX $X.XX quarter XXXX be account the of third in range weather into This July storms.
normal As for quarter. are assuming usual, we the of remainder the weather
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