Products & Services · Income tax expense (benefit)
Utility operations — Income tax expense (benefit)
WEC Energy Group Utility operations — Income tax expense (benefit) increased by 280.6% to $161.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 3.0%, from $166.00M to $161.00M. Over 4 years (FY 2021 to FY 2025), Utility operations — Income tax expense (benefit) shows an upward trend with a 8.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Changes are driven by pre-tax income levels and shifts in statutory tax rates or tax credits, such as those for renewable energy.
Detailed definition
This reflects the income tax provision associated with the utility segment's pre-tax earnings. It accounts for both curr...
Peer comparison
Standard across all corporate financial reporting.
Metric ID:
wec_segment_utility_operations_income_tax_expense_benefitHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $39.90M | $39.60M | $33.30M | $147.90M | $71.40M | $67.60M | $56.80M | $119.10M | $65.80M | $76.20M | $41.20M | $160.00M | $44.90M | $43.00M | $88.90M | $166.00M | $45.40M | $39.30M | $42.30M | $161.00M |
| QoQ Change | — | -0.8% | -15.9% | +344.1% | -51.7% | -5.3% | -16.0% | +109.7% | -44.8% | +15.8% | -45.9% | +288.3% | -71.9% | -4.2% | +106.7% | +86.7% | -72.7% | -13.4% | +7.6% | +280.6% |
| YoY Change | — | — | — | — | +78.9% | +70.7% | +70.6% | -19.5% | -7.8% | +12.7% | -27.5% | +34.3% | -31.8% | -43.6% | +115.8% | +3.8% | +1.1% | -8.6% | -52.4% | -3.0% |
Range$33.30M – $166.00M
CAGR+34.1%
Avg YoY Growth+12.1%
Median YoY Growth-0.9%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is WEC Energy Group's utility operations — income tax expense (benefit)?
- WEC Energy Group (WEC) reported utility operations — income tax expense (benefit) of $161.00M in Q1 2026.
- How has WEC Energy Group's utility operations — income tax expense (benefit) changed year-over-year?
- WEC Energy Group's utility operations — income tax expense (benefit) decreased by 3.0% year-over-year, from $166.00M to $161.00M.
- What is the long-term trend for WEC Energy Group's utility operations — income tax expense (benefit)?
- Over 4 years (2021 to 2025), WEC Energy Group's utility operations — income tax expense (benefit) has grown at a 8.6% compound annual growth rate (CAGR), from $210.70M to $293.00M.
- What does utility operations — income tax expense (benefit) mean?
- The total income tax cost or benefit attributed to the utility segment's earnings.