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WEC Energy Group WEC Electric Transmission — Earnings (losses) from equity method investments

Other segment segments

Corporate and Other
$0
Non-Utility Energy Infrastructure
$0

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Other financials

Income statement

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Revenue$2.1B+2.6%
Gross profit$1.5B+4.7%
Operating income$432.8M+6.9%
Net income$299.2M+23.1%
EPS (diluted)$0.91+19.7%

Balance sheet

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Cash & equivalents$50.0M-27.7%
Total debt$21.6B+18.0%
Total equity$14.1B+3.4%
Total assets$52.8B+8.7%

Cash flow

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Operating cash flow$992.3M+16.3%
CapEx$1.3B+52.2%
Free cash flow-$269.7M-1,228%

Valuation

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Market cap$35.28B-0.1%
Enterprise value$56.79B+6.1%
P/E20.9×-0.4×
P/S3.5×-0.3×

Profitability

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Gross margin65.7%-2.1pp
Operating margin22.8%-2.1pp
Net margin16.7%-1.1pp
FCF margin-13.5%

Returns & leverage

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Return on equity12.2%-0.6pp
Debt / equity1.5×+0.2×
Current ratio0.5×0.0×

Where this comes from

Reported directly by WEC Energy Group in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromEquityMethodInvestments.

The source filing: WEC Energy Group’s 10-Q, filed May 7, 2026.

Filed
May 6, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000783325-26-000052
(in millions) / Three Months Ended March 31, 2026Utility Operations / WisconsinUtility Operations / IllinoisUtility Operations / Other StatesUtility Operations / Total Utility OperationsElectric TransmissionNon-Utility Energy InfrastructureCorporate and OtherReconciling EliminationsWEC Energy Group Consolidated
Other operation and maintenance450.2114.229.5593.920.5(4.1)(1.6)608.7
Depreciation and amortization262.765.913.1341.760.75.2(27.8)379.8
Property and revenue taxes51.311.07.069.35.474.7
Equity in earnings of transmission affiliates59.559.5
Other income, net (1)43.12.145.20.510.3(7.8)48.2
Interest expense162.322.45.3190.03.929.792.0(87.1)228.5
Income tax expense (benefit)73.774.213.1161.013.7(31.5)(90.1)53.1
Preferred stock dividends of subsidiary0.30.30.3

Item 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is WEC Energy Group's electric transmission — earnings (losses) from equity method investments?
WEC Energy Group (WEC) reported electric transmission — earnings (losses) from equity method investments of $59.5M in Q1 2026.
How has WEC Energy Group's electric transmission — earnings (losses) from equity method investments changed year-over-year?
WEC Energy Group's electric transmission — earnings (losses) from equity method investments increased by 11.0% year-over-year, from $53.6M to $59.5M.
What does electric transmission — earnings (losses) from equity method investments mean?
This metric reflects the company's share of net income or loss from entities accounted for under the equity method within the electric transmission segment. It captures the performance of joint ventures, such as American Transmission Company, that are not fully consolidated.

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