Quarterly ResultJul 29, 2026, 07:31 AM
WEC Energy Group Q2 EPS $0.91, Net Income $299.2M; Reaffirms Guidance
AI Summary
WEC Energy Group reported strong second-quarter 2026 financial results, with net income increasing to $299.2 million, or $0.91 per share, compared to $245.4 million, or $0.76 per share, in the prior year. For the first six months of 2026, net income reached $1.1 billion, or $3.36 per share, on consolidated revenues of $5.5 billion. The company reaffirmed its full-year 2026 earnings guidance of $5.51 to $5.61 per share, citing customer service, financial discipline, and operating efficiency as key drivers.
Key Highlights
- Q2 2026 net income rose to $299.2 million, up from $245.4 million YoY.
- Q2 2026 diluted EPS increased to $0.91, up from $0.76 YoY.
- First six months 2026 net income reached $1.1 billion, up from $969.6 million YoY.
- First six months 2026 diluted EPS was $3.36, up from $3.02 YoY.
- Consolidated revenues for the first half of 2026 totaled $5.5 billion, up $337.3 million YoY.
- Reaffirmed 2026 earnings guidance of $5.51 to $5.61 per share.
- Retail electricity deliveries were essentially flat in Q2 2026, excluding specific customers.
- Residential electricity use decreased by 1.1% in Q2 2026.
Price Impact
More from WEC