Net additions (releases) charged to costs and expenses
WEC Energy Group Net additions (releases) charged to costs and expenses increased by 56.0% to $65.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 100.9%, from $32.60M to $65.50M. Over 4 years (FY 2021 to FY 2025), Net additions (releases) charged to costs and expenses shows an upward trend with a 17.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests deteriorating customer credit quality or a more conservative accounting approach to bad debt.
Detailed definition
An expense recognized to account for the portion of accounts receivable that the company estimates will not be collected...
Peer comparison
Standard across all industries; benchmarked against historical bad debt ratios.
other_provision_for_doubtful_accountsHistorical 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 | $15.60M | $15.90M | $22.10M | $23.30M | $18.80M | $15.80M | $28.20M | $21.00M | $11.10M | $14.80M | $25.10M | $25.90M | $23.70M | $23.80M | $31.50M | $32.60M | $35.40M | $32.80M | $42.00M | $65.50M |
| QoQ Change | — | +1.9% | +39.0% | +5.4% | -19.3% | -16.0% | +78.5% | -25.5% | -47.1% | +33.3% | +69.6% | +3.2% | -8.5% | +0.4% | +32.4% | +3.5% | +8.6% | -7.3% | +28.0% | +56.0% |
| YoY Change | — | — | — | — | +20.5% | -0.6% | +27.6% | -9.9% | -41.0% | -6.3% | -11.0% | +23.3% | +113.5% | +60.8% | +25.5% | +25.9% | +49.4% | +37.8% | +33.3% | +100.9% |
Product Breakdown
| Segment | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Utility operations | $14.80M | $25.90M | $23.70M | $23.80M | $32.60M | $35.40M | $32.80M | $65.50M |
| Total | $14.80M | $25.90M | $23.70M | $23.80M | $32.60M | $35.40M | $32.80M | $65.50M |
Net additions (releases) charged to costs and expenses at Other Companies
Frequently Asked Questions
- What is WEC Energy Group's net additions (releases) charged to costs and expenses?
- WEC Energy Group (WEC) reported net additions (releases) charged to costs and expenses of $65.50M in Q1 2026.
- How has WEC Energy Group's net additions (releases) charged to costs and expenses changed year-over-year?
- WEC Energy Group's net additions (releases) charged to costs and expenses increased by 100.9% year-over-year, from $32.60M to $65.50M.
- What is the long-term trend for WEC Energy Group's net additions (releases) charged to costs and expenses?
- Over 4 years (2021 to 2025), WEC Energy Group's net additions (releases) charged to costs and expenses has grown at a 17.2% compound annual growth rate (CAGR), from $75.70M to $142.80M.
- What does net additions (releases) charged to costs and expenses mean?
- The estimated amount of customer debt that will likely go unpaid.