State and local taxes
WEC Energy Group State and local taxes increased by 159.5% to $49.30M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.6%, from $48.50M to $49.30M. Over 4 years (FY 2021 to FY 2025), State and local taxes shows relatively stable performance with a 1.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests higher tax obligations in specific operating regions, while a decrease may reflect lower regional profitability or tax planning.
Detailed definition
This metric quantifies the total expense incurred for state and local income taxes, net of any federal tax benefits. It...
Peer comparison
Standard disclosure in the tax reconciliation note for companies with multi-state or multi-jurisdictional operations.
other_income_tax_reconciliation_state_and_local_income_taxesHistorical Data
| 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 | $20.80M | $21.50M | $16.90M | $43.60M | $22.20M | $23.50M | $20.40M | $35.80M | $21.00M | $23.20M | $14.30M | $43.40M | $15.60M | $16.90M | $32.10M | $48.50M | $15.20M | $18.50M | $19.00M | $49.30M |
| QoQ Change | — | +3.4% | -21.4% | +158.0% | -49.1% | +5.9% | -13.2% | +75.5% | -41.3% | +10.5% | -38.4% | +203.5% | -64.1% | +8.3% | +89.9% | +51.1% | -68.7% | +21.7% | +2.7% | +159.5% |
| YoY Change | — | — | — | — | +6.7% | +9.3% | +20.7% | -17.9% | -5.4% | -1.3% | -29.9% | +21.2% | -25.7% | -27.2% | +124.5% | +11.8% | -2.6% | +9.5% | -40.8% | +1.6% |
State and local taxes at Other Companies
Frequently Asked Questions
- What is WEC Energy Group's state and local taxes?
- WEC Energy Group (WEC) reported state and local taxes of $49.30M in Q1 2026.
- How has WEC Energy Group's state and local taxes changed year-over-year?
- WEC Energy Group's state and local taxes increased by 1.6% year-over-year, from $48.50M to $49.30M.
- What is the long-term trend for WEC Energy Group's state and local taxes?
- Over 4 years (2021 to 2025), WEC Energy Group's state and local taxes has grown at a 1.3% compound annual growth rate (CAGR), from $96.10M to $101.20M.
- What does state and local taxes mean?
- The total net cost of state and local income taxes.