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WEC Energy Group WEC Utility operations — Interest Expense

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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:InterestExpense.

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 — interest expense?
WEC Energy Group (WEC) reported utility operations — interest expense of $190M in Q1 2026.
How has WEC Energy Group's utility operations — interest expense changed year-over-year?
WEC Energy Group's utility operations — interest expense increased by 0.4% year-over-year, from $189.3M to $190M.
What is the long-term trend for WEC Energy Group's utility operations — interest expense?
Over 2 years (2021 to 2023), WEC Energy Group's utility operations — interest expense has grown at a 6.0% compound annual growth rate (CAGR), from $628.4M to $705.8M.
What does utility operations — interest expense mean?
This represents the cost of debt financing used to fund the utility segment's capital-intensive infrastructure projects. It reflects the interest payments on long-term debt and other credit facilities. High interest expense is typical for utilities due to the heavy reliance on debt to finance rate-base growth.