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WEC Energy Group WEC Natural gas — Regulatory Asset

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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

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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 us-gaap:RegulatoryAssets.

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 — regulatory asset?
WEC Energy Group (WEC) reported natural gas — regulatory asset of $553.6M in Q1 2026.
How has WEC Energy Group's natural gas — regulatory asset changed year-over-year?
WEC Energy Group's natural gas — regulatory asset increased by 2.4% year-over-year, from $540.7M to $553.6M.
What is the long-term trend for WEC Energy Group's natural gas — regulatory asset?
Over 4 years (2021 to 2025), WEC Energy Group's natural gas — regulatory asset has grown at a -3.3% compound annual growth rate (CAGR), from $2.47B to $2.16B.
What does natural gas — regulatory asset mean?
Costs incurred by the natural gas segment that are deferred and expected to be recovered from customers through future rate adjustments approved by regulators. These assets represent future cash inflows authorized by the regulatory framework.