Quarterly ResultMay 7, 2026, 06:07 AM
WEC Energy Group Q1 Net Income $806.1M; EPS $2.47
AI Summary
WEC Energy Group reported strong financial results for the first quarter ended March 31, 2026, with net income attributed to common shareholders increasing 11.1% to $804.4 million and diluted EPS rising 7.9% to $2.45. Operating revenues also saw a significant increase of 9.0% to $3,434.2 million. The company announced pending acquisitions of a 30% interest in Weston Unit 4 for an estimated $150 million and the Whitetail Wind Energy Generation Facility for $200 million, alongside the sale of real estate for $20.9 million.
Key Highlights
- Net income attributed to common shareholders rose 11.1% to $804.4 million.
- Diluted EPS increased 7.9% to $2.45 for the quarter.
- Operating revenues grew 9.0% to $3,434.2 million.
- Pending acquisition of 30% interest in Weston Unit 4 for $150 million.
- Pending acquisition of Whitetail Wind Energy Facility for $200 million.
- Sold real estate for $20.9 million, generating $11.9 million pre-tax gain.
- Capital expenditures totaled $817.9 million for the quarter.