What is WEC Energy Group's income tax?

WEC Energy Group (WEC) reported income tax of $53.1M in Q1 2026.

How has WEC Energy Group's income tax changed year-over-year?

WEC Energy Group's income tax decreased by 12.5% year-over-year, from $60.7M to $53.1M.

What is the long-term trend for WEC Energy Group's income tax?

Over 4 years (2021 to 2025), WEC Energy Group's income tax has grown at a -12.4% compound annual growth rate (CAGR), from $200.3M to $118M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

WEC Energy Group WEC Income Tax

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Segments

By segment

See full

Corporate and Other-$90.1M-10.4%

Non-Utility Energy Infrastructure-$31.5M+11.5%

Electric Transmission$11.9M—

Other financials

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

See full

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

See full

Operating cash flow$1.2B+4.8%

CapEx$817.9M+16.7%

Free cash flow$400.5M-13.2%

Valuation

See full

Market cap$38.71B+15.1%

Enterprise value$60.4B+16.5%

P/E23.7×+3.4×

P/S3.8×+0.2×

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×

Where this comes from

Reported directly by WEC Energy Group in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: WEC Energy Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is WEC Energy Group's income tax?: WEC Energy Group (WEC) reported income tax of $53.1M in Q1 2026.
How has WEC Energy Group's income tax changed year-over-year?: WEC Energy Group's income tax decreased by 12.5% year-over-year, from $60.7M to $53.1M.
What is the long-term trend for WEC Energy Group's income tax?: Over 4 years (2021 to 2025), WEC Energy Group's income tax has grown at a -12.4% compound annual growth rate (CAGR), from $200.3M to $118M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.