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WEC Energy Group WEC Utility operations — Revenues from contracts with customers

Other product segments

Natural gas
$1.86B+8.2%
Electric
$1.43B+8.6%
Other non-utility revenues
$79.7M+21.9%

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$574.82M+12.8%
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$5.5M+10.8%
CMS
CMSElectric Utility — Revenue recognized from contracts with customers
$1.37B+5.3%

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:Revenues.

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 — revenues from contracts with customers?
WEC Energy Group (WEC) reported utility operations — revenues from contracts with customers of $3.35B in Q1 2026.
How has WEC Energy Group's utility operations — revenues from contracts with customers changed year-over-year?
WEC Energy Group's utility operations — revenues from contracts with customers increased by 8.8% year-over-year, from $3.08B to $3.35B.
What is the long-term trend for WEC Energy Group's utility operations — revenues from contracts with customers?
Over 4 years (2021 to 2025), WEC Energy Group's utility operations — revenues from contracts with customers has grown at a 3.7% compound annual growth rate (CAGR), from $8.23B to $9.51B.
What does utility operations — revenues from contracts with customers mean?
This represents the total revenue recognized from the sale of electricity and natural gas to retail and wholesale customers under service contracts. It reflects the core top-line performance of the utility segment's primary business activities. This metric is essential for assessing the scale and growth of the utility's customer base and service delivery.