WEC Energy Group, Inc.

WEC Energy Group, Inc. Earnings Recaps

WEC Utilities 3 recaps
Q1 2026 May 6, 2026

The stock declined 2.1% following earnings as investors appear cautious despite steady operational execution; lack of clear upside catalysts and ongoing capital intensity likely weighed on sentiment.

Key takeaways
  • Q1 earnings per share rose to $2.45, up $0.18 year-over-year, driven primarily by rate-based growth and utility operations.
  • Weather negatively impacted earnings by approximately $0.02 compared to prior year quarter, with total electric sales growth of 1.3%, aligned with expectations.
  • Capital investments remain substantial with a 5-year plan of $37.5 billion, including large infrastructure projects scheduled through 2030, keeping equity issuance on track to fund growth.
  • 2026 guidance reaffirmed at $5.51 to $5.61 per share, with Q2 expected between $0.76 and $0.82 per share assuming normal weather.
  • Dividend increased 6.7%, in line with consistent longer-term growth targets, though anticipated margin pressures and no material acceleration in growth may limit near-term investor enthusiasm.
Full recap
Q3 2025 Nov 1, 2025

WEC Energy Group's third quarter earnings reached $0.83 per share, reaffirming guidance for the year at $5.17 to $5.27, driven by strong demand and a new $36.5 billion capital plan aimed at supporting economic growth in the region.

Key takeaways
  • Projected electric demand is set to grow by 3.4 gigawatts between 2026 and 2030, spurred by significant investments from major customers like Microsoft and Vantage Data Centers.
  • The new capital plan marks a $8.5 billion increase over the previous plan, anticipating average asset-based growth of over 11% per year.
  • Investment in regulated electric generation, transmission, and distribution totals approximately $36.5 billion, with an emphasis on natural gas, renewables, and battery storage from 2026 to 2030.
Full recap
Q2 2025 Aug 1, 2025

WEC Energy Group reported Q2 2025 earnings of $0.76 per share, a strong result that aligns with its guidance for the year, driven by robust utility operations and significant regional economic development.

Key takeaways
  • Earnings increased by $0.09 year-over-year, supported by rate-based growth and favorable weather impacts.
  • Announced a $28 billion capital investment plan over five years focused on enhancing energy reliability and sustainability.
  • Major projects include a $1.2 billion gas generation facility and a $456 million LNG storage project, boosting energy capacity.
  • Economic growth in Wisconsin, highlighted by companies like Yaskawa moving headquarters and potential data center developments, paves the way for increased energy demand.
  • Anticipate a decision by mid-2026 on the large customer tariff and continued progress in regulatory compliance and infrastructure upgrades.
Full recap