WEC Energy Group, Inc. (WEC) Financial Statements

WEC Energy Group, Inc.

WEC · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$9.80B	$8.60B	$8.89B	$9.60B	$8.32B	$7.24B	$7.52B	$7.68B
Cost of Revenue	$3.27B	$2.66B	$3.19B	$4.36B	$3.31B	$2.32B	$2.68B	$2.90B
Operating Expenses	$7.56B	$6.45B	$6.99B	$7.67B	$6.60B	$5.54B	$5.99B	$6.21B
Operating Income	$2.24B	$2.15B	$1.91B	$1.92B	$1.71B	$1.71B	$1.53B	$1.47B
Interest Expense	—	—	$726.90M	$515.10M	$471.10M	$493.70M	$501.50M	$445.10M
Other Income / (Expense)	-$571.40M	-$406.50M	-$371.70M	-$191.60M	-$216.10M	-$276.80M	-$271.70M	-$238.10M
Income Before Taxes	$1.67B	$1.75B	$1.54B	$1.73B	$1.50B	$1.43B	$1.26B	$1.23B
Provision for Income Taxes	$118.00M	$222.00M	$204.60M	$322.90M	$200.30M	$227.90M	$125.00M	$169.80M
Net Income	$1.56B	$1.52B	$1.33B	$1.41B	$1.30B	$1.20B	$1.13B	$1.06B
Basic EPS	$4.84	$4.83	$4.22	$4.46	$4.12	$3.80	$3.60	$3.36
Diluted EPS	$4.81	$4.83	$4.22	$4.45	$4.11	$3.79	$3.58	$3.34
Basic Shares Outstanding	321.90M	316.20M	315.40M	315.40M	315.40M	315.40M	315.40M	315.50M
Diluted Shares Outstanding	323.80M	316.50M	315.90M	316.10M	316.30M	316.50M	316.70M	316.90M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$5.59	$5.57	$5.60	10	↑0 ↓0
Dec 2027	$6.01	$5.96	$6.05	10	↑0 ↓0
Dec 2028	$6.52	$6.47	$6.62	4	↑1 ↓0
Dec 2029	$7.10	$6.97	$7.23	2	↑1 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: WEC
Type: Stock
Sector: Utilities
Industry: Power Generation
Country: North America
Exchange: NYSE

WEC Energy Group's electric and gas utility businesses serve electric and gas customers in its Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 47% electric generation and distribution, 36% gas distribution, 12% electric transmission, and 5% unregulated renewable generation.

Key Issues

Bullish view

Second-quarter earnings rose $0.15 year over year to $0.91 per diluted share, beat estimates, and benefited from rate-base growth and infrastructure gains. Those factors, alongside the advancing $37.5 billion plan, support the case for continued earnings growth.

Bearish view

WEC reaffirmed its full-year earnings guidance of $5.51-$5.61 per share instead of raising it after the quarterly beat. That unchanged outlook limits the evidence that the stronger quarter will translate into higher near-term expectations.

Analyst Consensus

See all

Hold

16 analysts

$108

Current

—

Low

$124

Average

—

High

Average target implies +14.86% versus the current price.

Earnings History

BeatMissNo estimate

WEC Energy Group, Inc.

Analyst Estimates

Peers