Quarterly ResultMay 5, 2026, 07:32 AM
WEC Energy Group Q1 Net Income $804.4M, EPS $2.45; Reaffirms Guidance
AI Summary
WEC Energy Group reported strong first-quarter 2026 financial results, with net income rising to $804.4 million, or $2.45 per share, compared to $724.2 million, or $2.27 per share, in the prior year. Consolidated revenues increased to $3.4 billion. The company reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, citing continued execution of its capital plan and focus on operating efficiencies.
Key Highlights
- Net income for Q1 2026 rose to $804.4 million, up from $724.2 million in Q1 2025.
- Diluted earnings per share for Q1 2026 increased to $2.45, from $2.27 in Q1 2025.
- Consolidated revenues totaled $3.4 billion, an increase of $284.7 million year-over-year.
- Retail electricity deliveries (excluding iron ore mine) were up 1.1% in Q1 2026.
- Large commercial and industrial electricity use increased by 2.7%.
- Natural gas deliveries in Wisconsin decreased by 3.5% compared to Q1 2025.
- Company reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share.