WEC Energy Group
WEC Energy Group is a leading energy holding company that provides regulated electric and natural gas services to millions of customers across the Midwest. The company focuses on the generation and distribution of energy through a portfolio of utility subsidiaries, while also investing in renewable energy infrastructure and electric transmission assets.
Financials
Based on Q1 2026 filing
Revenue
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Wisconsin Segment
primaryThe primary business unit encompassing the electric and natural gas utility operations of major subsidiaries serving southeastern, central, and northern Wisconsin, as well as the Upper Peninsula of Michigan.
Retail Electric Service, Natural Gas Distribution, Steam Utility Service, Wholesale Electric Service
Residential, Small Commercial, Large Industrial, Municipal Utilities, Electric Cooperatives, Data Centers
Electric Transmission
moderateOperations focused on high-voltage electric transmission through a significant equity interest in a regional transmission company operating across multiple Midwestern states.
Electric Transmission Service
Load-serving Entities, Generation Owners
Nonregulated Renewables
minorInvestments in and operations of renewable energy generating facilities that operate outside of traditional utility rate regulation.
Renewable Energy Generation, Wind Energy, Solar Energy
Wholesale Energy Markets, Commercial Entities
Segment Financials
Wisconsin — Other operating revenues
View metricNon-Utility Energy Infrastructure — Natural gas storage needs provided to Wisconsin utilities
View metricElectric Transmission — Equity method investment, ownership interest (as a percent)
View metricElectric — Percent of annual operating revenues used to fund renewable program
View metricElectric — Required renewable energy percent achieved
View metricElectric — Percentage renewable portfolio requirement 2021 and beyond
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Competitive Position
A dominant regional utility holding company with a significant regulated rate base and a growing portfolio of renewable energy assets.
Geographies
Wisconsin, Illinois, Michigan, Minnesota
Customer Segments
Residential, Commercial, Industrial, Public Sector
Upstream Dependencies
Fuel Suppliers, Power Plant Equipment Manufacturers, Renewable Energy Technology Providers, Natural Gas Producers
Downstream Customers
Residential Households, Manufacturing Facilities, Data Centers, Municipalities, Iron Ore Mines
Competitors & Partners
Competitors
Partners
MISO
Regional transmission organization that operates the energy markets where the company buys and sells power
Subsidiaries
Wisconsin Electric Power Company
Regulated utility operating as WE
Wisconsin Public Service Corporation
Regulated utility operating as WPS
Wisconsin Gas LLC
Regulated natural gas utility operating as WG
Upper Michigan Energy Resources Corporation
Regulated utility operating as UMERC
American Transmission Company
Electric transmission company (ATC) in which WEC holds a 60% equity interest
Integrys Holding, Inc.
Holding company acquired in 2015
WEC Energy Group FAQ
Common questions about WEC Energy Group
WEC Energy Group is a leading energy holding company that provides regulated electric and natural gas services to millions of customers across the Midwest. The company focuses on the generation and distribution of energy through a portfolio of utility subsidiaries, while also investing in renewable energy infrastructure and electric transmission assets.
WEC Energy Group (WEC) has a market capitalization of $36.4B and trades on NYSE.
WEC Energy Group generated $10.1B in trailing twelve-month revenue with net income of $1.6B, representing a net margin of 16.2%. Gross margin stands at 65.4%, with free cash flow of -$1.1B. These figures are based on the Q1 2026 filing.
WEC Energy Group's key competitors include Xcel Energy Inc., DTE Energy Company, Alliant Energy Corporation, and others. These companies compete in similar markets and product categories.
WEC Energy Group has approximately 7,000 employees.