What is WEC Energy Group's natural gas — number of customers?

WEC Energy Group (WEC) reported natural gas — number of customers of 3.1M in Q1 2026.

How has WEC Energy Group's natural gas — number of customers changed year-over-year?

WEC Energy Group's natural gas — number of customers increased by 3.3% year-over-year, from 3M to 3.1M.

What does natural gas — number of customers mean?

The total count of active residential, commercial, and industrial accounts receiving natural gas utility services within the segment's service territory. This metric serves as a primary indicator of market penetration and the scale of the utility's customer base.

WEC Energy Group WEC Natural gas — Number Of Customers

Similar metrics at other companies

OGS

OGSNumber of natural gas distribution services customers

2.3M0.0%

NFGNatural Gas Residential Sales — Total Revenues from Contracts with Customers

$322.97M+25.6%

NWENatural gas — Revenue

$70.85M+13.3%

AWR

AWRElectric: — Number of customers

24.9K0.0%

NJRNatural gas utility sales — Revenues from contracts with customers

$574.82M+12.8%

NFGNatural Gas Commercial Sales — Total Revenues from Contracts with Customers

$50.89M+28.5%

Other financials

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

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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

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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 wec:NumberOfCustomers.

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 natural gas — number of customers?: WEC Energy Group (WEC) reported natural gas — number of customers of 3.1M in Q1 2026.
How has WEC Energy Group's natural gas — number of customers changed year-over-year?: WEC Energy Group's natural gas — number of customers increased by 3.3% year-over-year, from 3M to 3.1M.
What does natural gas — number of customers mean?: The total count of active residential, commercial, and industrial accounts receiving natural gas utility services within the segment's service territory. This metric serves as a primary indicator of market penetration and the scale of the utility's customer base.