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WEC Energy Group WEC Q1 2026 earnings

Reported May 5, 2026 · Before market open

Revenue$3.4BBeat by $113.0MDiluted EPS$2.45Beat by $0.15
Revenue estimate$3.3B
EPS estimate$2.30

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$2.1B
EPS estimate$0.82

Financials

Q1 2026

Income statement

See full
Revenue$3.4B+9.0%
Gross profit$2.0B+3.0%
Operating income$980.0M+4.5%
Net income$806.1M+11.1%
EPS (diluted)$2.45+7.9%

Balance sheet

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Cash & equivalents$107.3M-25.2%
Total debt$21.8B+22.6%
Total equity$14.6B+8.5%
Total assets$51.7B+7.3%

Cash flow

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Operating cash flow$1.2B+4.8%
CapEx$817.9M+16.7%
Free cash flow$400.5M-13.2%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$37.86B+8.9%
Enterprise value$59.55B+13.6%
P/E23.1×+1.8×
P/S3.8×-0.1×

Profitability

See full
Gross margin65.4%-2.7pp
Operating margin22.7%-2.4pp
Net margin16.2%-1.7pp
FCF margin-10.7%—

Returns & leverage

See full
Return on equity11.7%-0.9pp
Debt / equity1.5×+0.2×
Current ratio0.7×+0.2×

Segments

By segment

See full
Wisconsin$2.3B+13.5%
Illinois$749.7M-4.9%
Other States$259.1M+13.0%
Non-Utility Energy Infrastructure$210.7M+8.4%
Corporate and Other-—

By product

See full
Natural gas$1.9B+8.2%
Electric$1.4B+8.6%
Other non-utility revenues$79.7M+21.9%

Versus estimates

Revenue

Q1 2026$3.4BBeat by $113.0M
Q4 2025$2.5BBeat by $392.7MQ3 2025$2.1BBeat by $210.3MQ2 2025$2.0BBeat by $244.0MQ1 2025$3.1BBeat by $365.4MQ4 2024$2.3BMiss by $274.1M

Diluted EPS

Q1 2026$2.45Beat by $0.15
Q4 2025$1.42Beat by $0.03Q3 2025$0.83Beat by $0.02Q2 2025$0.76Beat by $0.06Q1 2025$2.27Beat by $0.09Q4 2024$1.43Miss by $0.06

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Questions, answered.

When did WEC Energy Group report Q1 2026 earnings?
WEC Energy Group (WEC) reported Q1 2026 earnings on May 5, 2026 before market open.
What were WEC Energy Group's Q1 2026 revenue and EPS?
WEC Energy Group reported revenue of $3.4B and diluted EPS of $2.45 for Q1 2026.
Did WEC Energy Group beat estimates in Q1 2026?
Revenue beat the consensus estimate of $3.3B by $113.0M. EPS beat the consensus estimate of $2.30 by $0.15.
How did WEC Energy Group's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.0% from $3.1B a year earlier and diluted EPS grew 7.9% from $2.27.
Where can I find WEC Energy Group's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000783325-26-000049) and the 10-Q periodic report (0000783325-26-000052) directly on SEC EDGAR. The filing index links above go to sec.gov.