Income StatementBalance SheetCash FlowSegments
WEC Energy Group logo

WEC Energy Group Balance Sheet Statement

Assets, liabilities, and shareholders' equity

WEC Energy Group holds $51.7B in total assets. Shareholders' equity is $14.6B against $23.8B in total debt. Cash and equivalents total $107.3M. The current ratio is 0.679 and debt-to-equity is 1.64. Based on the Q1 2026 filing.

Total Assets$51.7BTotal Stockholders Equity$14.6BLong Term Debt$19.4BCash And Equivalents$107.3MTotal Current Assets$3.0BTotal Current Liabilities$4.4B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$36.4B
P/E Ratio22.23
ROE11.69%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$1.1B$791.5M$816.5M$917.0M$1.1B$830.8M
Accrued Environmental Liabilities$445.8M$442.1M$438.9M$438.2M$484.1M$474.3M
Accrued interest————$161.3M$264.1M
Derivative Liability, Current$13.9M——$26.4M$30.8M$34.0M
Other accrued liabilities$859.2M$1.0B$820.4M$971.3M$847.9M$728.9M
Current portion of long-term debt$1.1B$1.3B$810.3M$1.3B$1.9B$2.0B
Deferred revenue$334.6M$329.3M$323.9M$318.3M$314.2M$309.6M
Derivative Liabilities, Current$13.9M——$26.4M$30.8M$34.0M
Derivative Liabilities - Fair Value$6.6M$4.3M$5.4M$7.0M$8.7M$2.9M
Derivative Liabilities, Gross$13.9M$4.9M$15.8M$27.3M$32.5M$36.1M
Derivative Liabilities - Not Offset Policy Election Deduction$13.9M$4.9M$15.8M$27.3M$32.5M$36.1M
Derivative Liabilities Offset$7.3M$600.0K$10.4M$20.3M$23.8M$33.2M
Derivative liabilities$6.6M$4.3M$5.4M$7.0M$8.7M$2.9M
Note payable to DIRECTV$859.2M$1.0B$820.4M$971.3M$1.0B$728.9M
Short-term borrowings$1.1B$1.3B$810.3M$1.3B$1.9B$2.0B
Total current liabilities$4.8B$5.9B$4.7B$5.1B$5.6B$4.4B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Environmental Liabilities (Non-Current)$445.8M$442.1M$438.9M$438.2M$484.1M$474.3M
Asset retirement obligations$580.0M$601.5M$616.4M$623.2M$647.0M$660.6M
Finance lease liabilities$303.3M$293.9M$361.8M$364.2M$372.0M$370.4M
Long-term debt$17.2B$16.2B$17.1B$17.7B$18.5B$19.4B
Deferred income$334.6M$329.3M$323.9M$318.3M$314.2M$309.6M
Other non-current liabilities$838.1M$868.0M$917.0M$991.0M$963.4M$931.4M
Secured Borrowings Cash Right to Reclaim$16.0M$12.9M$14.1M$43.0M$41.4M$68.2M
Total noncurrent liabilities$29.7B$28.9B$30.2B$30.7B$31.9B$32.8B
Regulatory liabilities$45.3M$99.5M$92.5M$61.0M$88.9M$103.6M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses—$0.0$0.0$0.0—$0.0
Deferred tax assets$5.5B$5.6B$5.7B$5.8B$5.9B$6.0B
Deferred Tax Assets and Other Non-Current Assets$336.2M$372.1M$379.3M$384.0M$383.6M$413.9M
Derivative Assets, Non-Current410000000.0%——70000000.0%10000000.0%10000000.0%
Equity method investments$2.1B$2.2B$2.3B$2.3B$2.3B$2.4B
Goodwill$3.1B$3.1B$3.1B$3.1B$3.1B$3.1B
Indefinite-Lived Intangible Assets————$44.4M$59.1M
Indefinite-Lived Intangible Assets, Gross————$44.4M$59.1M
Indefinite-Lived Research and Development Assets————$44.4M$59.1M
Indefinite-Lived Trademarks————$44.4M$59.1M
Intangible assets, net————$17.4M$18.9M
Prepaid pension assets$968.5M$983.8M$1.0B$1.0B$1.1B$1.1B
Intangible assets — net————$17.4M$18.9M
Investments$2.1B$2.1B$2.2B$2.3B$2.3B$2.4B
Other non-current assets$336.2M$372.1M$379.3M$384.0M$383.6M$413.9M
Other non-current assets$968.5M$983.8M$1.0B$1.0B$1.1B$1.1B
Accumulated depreciation$11.6B$11.8B$12.0B$12.2B$12.4B$12.7B
Property and equipment, net$34.6B$35.4B$36.1B$37.4B$38.3B$38.7B
Software and Technology Licenses, Net$336.2M$372.1M$379.3M$384.0M$383.6M$413.9M
Total assets$47.4B$48.2B$48.5B$49.8B$51.5B$51.7B
Total noncurrent assets$44.5B$45.3B$45.9B$47.3B$48.2B$48.8B
Regulatory assets$39.0M$84.5M$24.2M$23.6M$17.3M$72.3M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$4.3B$4.5B$4.7B$5.1B$5.1B$5.1B
Accumulated other comprehensive income (loss)-$7.8M-$7.9M-$7.9M-$7.9M-$7.6M-$7.5M
Common stock3.2M650M650M650M3.3M650M
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued—319.1M———325.7M
Cumulative Gross Losses and Impairments—$0.0$0.0$0.0—$0.0
Additional paid-in capital$4.3B$4.5B$4.7B$5.1B$5.1B$5.1B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$3.2M$3.2M$3.2M$3.2M$3.3M$3.3M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$30.4M$30.4M$30.4M$30.4M$30.4M$30.4M
Total Common Shareholders' Equity$12.4B$13.0B$13.2B$13.6B$13.6B$14.1B
Preferred stock$30.4M$30.4M$30.4M$30.4M$30.4M$30.4M
Retained earnings$8.1B$8.5B$8.5B$8.5B$8.5B$9.0B
Total liabilities and stockholders' equity$47.4B$48.2B$48.5B$49.8B$51.5B$51.7B
Total stockholders' equity$12.8B$13.4B$13.7B$14.0B$14.1B$14.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allowance for Doubtful Accounts$162.8M$159.4M$142.2M$129.5M$148.7M$156.0M
Allowance for Doubtful Accounts Receivable (Current)$162.8M$159.4M$142.2M$129.5M$148.7M$156.0M
Cash and cash equivalents$42.2M$143.4M$69.2M$117.7M$70.9M$107.3M
Derivatives$37.0M——$37.5M$26.2M$9.7M
Crude oil, products and merchandise$813.2M$576.0M$703.0M$842.8M$803.4M$612.3M
Natural gas for sale$300.2M$84.5M$209.9M$358.4M$292.5M$92.4M
Fossil fuel stock$100.5M$97.0M$93.7M$88.8M$94.5M$94.4M
Materials and supplies$412.5M$394.5M$399.4M$395.6M$416.4M$425.5M
Other current assets$121.9M$224.9M$116.3M$144.0M$119.8M$203.0M
Derivative Assets, Current$37.0M——$37.5M$26.2M$9.7M
Derivative Assets - Fair Value$41.1M$88.6M$56.4M$38.2M$26.3M$9.8M
Derivative assets$41.1M$3.0M$19.0M$38.2M$26.3M$9.8M
Income taxes receivable$214.9M$171.6M$209.0M$125.5M$178.8M$125.2M
Finished goods$813.2M$576.0M$703.0M$842.8M$803.4M$612.3M
Raw materials$412.5M$394.5M$399.4M$395.6M$416.4M$425.5M
Inventory LIFO Reserve—$68.6M$12.8M$0.0—$44.6M
Net Cash Collateral Received - Derivative Instruments$16.0M$12.9M$14.1M$43.0M$41.4M$68.2M
Prepaid expenses and other current assets$82.6M$76.2M$51.4M$82.4M$92.4M$80.5M
Restricted cash$5.3M$26.9M$11.7M$32.4M$9.1M$33.2M
Total current assets$2.9B$2.9B$2.6B$2.5B$3.3B$3.0B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross Assets/Liabilities$13.9M——$27.3M$32.5M$36.1M
Guarantor Obligations - Maximum Exposure—$233.8M$234.5M$244.7M—$234.1M
Indemnification Liability Maximum Exposure—$233.8M$234.5M$244.7M—$234.1M
Line of Credit Maximum Borrowing Capacity—$3.3B$3.3B$3.9B—$3.9B
Line of Credit Remaining Borrowing Capacity—$2.0B$2.5B$2.6B—$1.9B
Accounts receivable$1.8B$2.0B$1.6B$1.4B$2.2B$2.1B
Accounts Receivable, after Allowance for Credit Loss$1.7B$1.8B$1.5B$1.3B$2.1B$1.9B
Total accounts receivable, net - past due greater than 90 days$84.4M$78.9M$106.3M$112.5M$89.8M$96.4M
Accrued Environmental Loss Contingencies, Noncurrent$445.8M$442.1M$438.9M$438.2M$484.1M$474.3M
Accounts Receivable, Allowance for Credit Loss$162.8M$159.4M$142.2M$129.5M$148.7M$156.0M
Allowance for doubtful accounts$162.8M$159.4M$142.2M$129.5M$148.7M$156.0M
Amount of net accounts receivable with regulatory protections—$1.1B$911.9M$838.9M—$1.2B
Asset Retirement Obligation$580.0M$601.5M$616.4M$623.2M$647.0M$660.6M
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$650.0M$650.0M$650.0M$650.0M$650.0M$650.0M
Common stock, shares issued (in shares)—$319.1M———$325.7M
Common Stock, Shares, Outstanding$317.7M$319.1M$321.9M$325.3M$325.5M$325.7M
Deferred income taxes$5.5B$5.6B$5.7B$5.8B$5.9B$6.0B
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset$11.5M$48.4M$16.6M$9.2M$2.0M$3.4M
Derivatives$4.1M——$700.0K$100.0K$100.0K
Margin cash collateral received from counterparties that was not offset against derivative assets$4.2M$47.8M$6.8M——$2.5M
Margin cash collateral provided to counterparties that was not offset against derivative assets or liabilities$16.0M$12.9M$14.1M$43.0M$41.4M$68.2M
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$29.6M$40.2M$39.8M$29.0M$24.3M$6.4M
Derivative Liability, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$6.6M$4.3M$5.4M$7.0M$8.7M$2.9M
Derivative Liability$13.9M——$27.3M$32.5M$36.1M
Derivative Liability, Noncurrent$0.0——$900.0K$1.7M$2.1M
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Cash Offset———$11.1M$21.8M$29.8M
Derivative netting, Liabilities$7.3M$600.0K$10.4M$20.3M$23.8M$33.2M
Equity method investments (Note 11)—$2.2B$2.3B$2.3B—$2.4B
Estimated excess of current replacement cost over LIFO cost of inventories—$68.6M$12.8M$0.0—$44.6M
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs$7.8M$3.0M$19.0M$10.6M$5.7M$1.9M
Finite-Lived Intangible Assets, Accumulated Amortization————$1.4M$1.7M
Goodwill accumulated impairment losses—$0.0$0.0$0.0—$0.0
Value of financial guarantee (up to)—$233.8M$234.5M$244.7M—$234.1M
Guarantees expiring in less than 1 year—$65.3M$65.3M$54.2M—$64.1M
Guarantees with expiration over 3 years—$137.7M$137.3M$137.4M—$136.1M
Guarantees expiring within 1 to 3 years—$30.8M$31.9M$53.1M—$33.9M
Trademarks————$44.4M$59.1M
Intangible liabilities$566.8M$624.5M$609.7M$595.0M$580.3M$565.3M
Committed Revolving Credit Facilities—$3.3B$3.3B$3.9B—$3.9B
Other noncontrolling interests$376.5M$420.8M$416.6M$412.0M$408.8M$407.9M
Past due greater than 90 days - collection risk mitigated by regulatory mechanisms93.2%96.7%94.0%91.7%89.9%95.8%
Percent of net accounts receivable with regulatory protections—62.6%60.9%66.1%—64.8%
Purchase Obligation—$9.5B$9.4B$9.6B—$11.8B
Option to purchase land————$15.1M$29.8M
Regulatory Asset$3.4B$3.4B$3.3B$3.2B$3.2B$3.2B
Regulatory liabilities$4.0B$4.1B$4.1B$4.0B$4.2B$4.2B
Purchase Obligation—$9.5B$9.4B$9.6B—$11.8B