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WEC Energy Group WEC Utility operations — Accounts receivable and unbilled revenues

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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:AccountsReceivableGross.

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 utility operations — accounts receivable and unbilled revenues?
WEC Energy Group (WEC) reported utility operations — accounts receivable and unbilled revenues of $2.01B in Q1 2026.
How has WEC Energy Group's utility operations — accounts receivable and unbilled revenues changed year-over-year?
WEC Energy Group's utility operations — accounts receivable and unbilled revenues increased by 5.6% year-over-year, from $1.9B to $2.01B.
What is the long-term trend for WEC Energy Group's utility operations — accounts receivable and unbilled revenues?
Over 4 years (2021 to 2025), WEC Energy Group's utility operations — accounts receivable and unbilled revenues has grown at a 4.0% compound annual growth rate (CAGR), from $5.97B to $6.98B.
What does utility operations — accounts receivable and unbilled revenues mean?
This represents the total amount owed by customers for utility services provided but not yet collected, including both billed accounts receivable and accrued unbilled revenue for services delivered since the last billing cycle. It serves as a measure of the utility's working capital tied up in customer accounts. Monitoring this helps evaluate the efficiency of the billing and collection cycle.