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WEC Energy Group WEC Utility operations — Gains (losses)

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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:DerivativeGainLossOnDerivativeNet.

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, 2026 / VolumesThree Months Ended March 31, 2026 / GainsThree Months Ended March 31, 2025 / VolumesThree Months Ended March 31, 2025 / Gains (Losses)
Natural gas contracts63.0 Dth$29.661.5 Dth$(1.9)
FTRs and TCRs
Regulated utility operations5.8 MWh1.77.1 MWh1.7
Non-utility operations0.1 MWh0.10.3 MWh(0.2)
Total$31.4$(0.4)

Item 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is WEC Energy Group's utility operations — gains (losses)?
WEC Energy Group (WEC) reported utility operations — gains (losses) of $29.6M in Q1 2026.
How has WEC Energy Group's utility operations — gains (losses) changed year-over-year?
WEC Energy Group's utility operations — gains (losses) increased by 1657.9% year-over-year, from -$1.9M to $29.6M.
What does utility operations — gains (losses) mean?
This captures the net gains or losses recognized from non-operating activities or specific financial instruments within the utility segment. It may include items such as asset disposals, mark-to-market adjustments on derivatives, or other non-recurring financial impacts. It helps investors isolate the impact of these items from core operating income.

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