WEC Energy Group Inc ( (WEC) ) has released its Q1 earnings. Here is a breakdown of the information WEC Energy Group Inc presented to its investors.
WEC Energy Group Inc., headquartered in Milwaukee, is a leading energy company serving 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota, with a diverse portfolio that includes electric and natural gas utilities, renewable energy facilities, and electric generating plants.
In its first-quarter earnings report for 2025, WEC Energy Group announced a significant increase in net income, reporting $724.2 million, or $2.27 per share, compared to $622.3 million, or $1.97 per share, in the same quarter last year. The company’s consolidated revenues also saw a notable rise, reaching $3.1 billion, up by $469.3 million from the previous year.
Key financial highlights include a 15.5% increase in natural gas deliveries in Wisconsin and a 2.9% rise in retail electricity deliveries, excluding the iron ore mine in Michigan’s Upper Peninsula. Residential electricity use grew by 5.5%, while electricity consumption by small commercial and industrial customers increased by 2.1%. The company attributes these positive results to regional economic growth and a focus on operational excellence.
WEC Energy Group has reaffirmed its 2025 earnings guidance of $5.17 to $5.27 per share, assuming normal weather conditions for the remainder of the year. This outlook reflects the company’s commitment to maintaining strong financial performance and customer satisfaction while executing its capital plan effectively.