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WEC Energy Group, Inc.

NYSE•WEC
CEO: Mr. Scott J. Lauber CPA
Sector: Utilities
Industry: Regulated Electric
Listing Date: 1980-03-17
WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments. The company generates and distributes electricity from coal, natural gas, oil, and nuclear, as well as renewable energy resources, including wind, solar, hydroelectric, and biomass; and distributes and transports natural gas. It also owns, maintains, monitors, and operates electric transmission systems; and generates, distributes, and sells steam. As of December 31, 2023, the company operated approximately 35,500 miles of overhead distribution lines and 36,500 miles of underground distribution cables, as well as 430 electric distribution substations and 523,700 line transformers; approximately 46,400 miles of natural gas distribution mains; 1,700 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 490 natural gas distribution and transmission gate stations; and 69.3 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1896 and is headquartered in Milwaukee, Wisconsin.
Contact Information
231 West Michigan Street, PO Box 1331, Milwaukee, WI, 53201, United States
414-221-2345
www.wecenergygroup.com
Market Cap
$36.88B
P/E (TTM)
23.7
22.4
Dividend Yield
3.2%
52W High
$118.19
52W Low
$100.61
52W Range
72%
Rank29Top 17.8%
5.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$2.54B+0.00%
4-Quarter Trend

EPS

$0.97+0.00%
4-Quarter Trend

FCF

-$905.40M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Attributed Higher Net income attributed to common shareholders increased $30.3M to $1,557.5M in 2025; diluted EPS slightly decreased to $4.81.
Wisconsin Segment Earnings Jump Wisconsin segment net income rose $191.7M (22.2%) driven by new PSCW rate orders and higher sales volumes from colder weather.
Non-Utility Infrastructure Gains Non-utility segment income increased $30.3M, primarily due to new renewable facility investments and associated PTC benefits.
Capital Spending Significantly Increased Total capital expenditures surged $1,617.0M to $4,398.1M, heavily focused on Wisconsin electric and gas utility projects.

Risk Factors

Regulatory Cost Recovery Uncertainty Rate regulation impacts liquidity; future recovery of prudently incurred costs and earning authorized ROE remains subject to regulatory approval.
Illinois Settlement Impairment Illinois segment income fell $130.0M due to a $205.0M pre-tax charge resolving open QIP and UEA rider proceedings.
Environmental Compliance Costs Extensive environmental regulations, including GHG rules, pose significant ongoing compliance and remediation costs potentially impacting cost recovery.
Large Customer Concentration Risk Concentration of business with a few large data center customers presents risks regarding demand changes and infrastructure investment recovery.

Outlook

Major Capital Investment Planned Capital plan targets $5.4B for natural gas generation and $12.6B for regulated renewables between 2026 and 2030.
Aggressive Renewable Buildout Plan includes investing $12.6B through 2030 for 3,850 MW utility-scale solar and 2,130 MW battery storage capacity.
Net Carbon Neutral Goal Goal set for net carbon neutral electric generation by 2050; expecting to eliminate coal as an energy source by the end of 2032.
Reliability Infrastructure Spending Expect spending of $7.1B on electric and $4.7B on natural gas reliability projects from 2026 to 2030.

Peer Comparison

Revenue (TTM)

PCG stock ticker logoPCG
$24.94B
+2.1%
EXC stock ticker logoEXC
$24.26B
+5.3%
ED stock ticker logoED
$16.92B
+10.9%

Gross Margin (Latest Quarter)

PEG stock ticker logoPEG
171.1%
+0.8pp
CMS stock ticker logoCMS
127.9%
-13.3pp
FTS stock ticker logoFTS
72.1%
-43.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
XEL$50.53B23.99.4%42.7%
EXC$49.96B17.89.9%43.4%
ETR$47.03B26.510.8%43.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-7.0%
Growth Under Pressure
4Q Net Income CAGR
-24.1%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 4, 2026
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