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WEC Energy Group WEC Q1 2026 earnings

Reported May 5, 2026 · Before market open

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

Next report

Oct 29, 2026 (in 2 months)
Revenue estimate$2.2B
EPS estimate$0.91

Financials

Q1 2026

Income statement

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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 03/31/26
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Market cap$37.71B+8.9%
Enterprise value$59.4B+13.6%
P/E23×+1.8×
P/S3.7×-0.1×

Profitability

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

Returns & leverage

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

Segments

By segment

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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

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

FAQ

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 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 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.