WEC Energy Group Inc (WEC)
NYSE:WEC
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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.85Last Year’s EPS
0.76Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a generally constructive operational and regulatory backdrop: Q1 EPS beat year-over-year, guidance was reaffirmed, a sizable $37.5B five-year capital plan tied to data center-driven growth was presented, renewable investments advanced, the VLC tariff received verbal approval with constructive ROE/equity parameters, and the company has secured about half of planned 2026 equity needs. Offsetting items include declines in natural gas deliveries, expected 3%–5% O&M inflation, significant future replacement capex for Point Beach (estimated $2.0–$2.5B), and some localized development and regulatory uncertainties (Illinois rate case and local moratoria). Overall, positive execution, substantial growth opportunities (notably data centers and renewables), and orderly financing plans outweigh the manageable near-term cost pressures and future large-capex needs.Company Guidance
Q1 2026 EPS Growth
Reported Q1 2026 earnings per share of $2.45, up $0.18 versus Q1 2025.
Reaffirmed Full-Year Guidance
Company reaffirmed 2026 EPS guidance of $5.51 to $5.61 and Q2 guidance of $0.76 to $0.82 (assuming normal weather).
Strong Capital Plan and Long-Term Growth Targets
5-year capital plan of $37.5 billion; expect ~15% of asset base attributable to very large customers by 2030; long-term EPS growth target of 7%–8% CAGR for 2026–2030, accelerating in 2028.
Data Center Demand and Development Upside
1.3 GW of near-term demand forecast for the Vantage site over next 5 years with potential to reach 3.5 GW over time; company has ~3.9 GW in its 5-year plan across approved sites and sees further upside from acreage and developer activity.
Renewables and Storage Investments
March solar facility placed in service with ~ $225 million capital; Wisconsin commission approved purchase of 3 additional solar projects plus a battery storage project with ~ $730 million planned investment.
Regulatory Progress — VLC Tariff Approval
Wisconsin Public Service Commission verbally approved VLC tariff (written order expected weeks); approved ROE range 10.48%–10.98% and equity ratio 57%, intended to protect non-VLC customers and company financial health.
Execution on Generation and Reliability
Construction continues on new natural gas facilities (Paris and Old Creek) with combustion turbines expected online late 2027; units 7 and 8 at Old Creek operating life extended to meet peak demand through 2027 for reliability and affordability.
Strong Capital Markets Execution
Locked in approximately $455 million of common equity in Q1 (including $430 million via ATM forward contracts); about half of the $1.1 billion equity plan for 2026 already secured.
Dividend Increase
Board increased the dividend by 6.7% (23rd consecutive year of dividend growth), consistent with targeted dividend growth rate of ~6.5%–7%.
Segment-Level Earnings Improvements
Utility operations earnings rose ~$0.17 YoY in Q1; Energy Infrastructure earnings improved ~$0.04 YoY (benefitted from a full quarter of operations from Harden 3 solar); Corporate & Other up ~$0.03 from favorable tax timing; American Transmission Company up ~$0.01.
Electric Sales Growth
Weather-normal retail electric deliveries (ex-iron ore mine) grew 1.3% YoY in Q1, led by large commercial & industrial (+3%); company still expects ~1.5% electric sales growth for the year.
WEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $116.44 | $115.22 | -1.05% |
Feb 05, 2026 | $112.38 | $111.00 | -1.23% |
Oct 30, 2025 | $112.72 | $110.77 | -1.73% |
Jul 30, 2025 | $105.99 | $105.73 | -0.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does WEC Energy Group Inc (WEC) report earnings?
WEC Energy Group Inc (WEC) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is WEC Energy Group Inc (WEC) earnings time?
WEC Energy Group Inc (WEC) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WEC EPS forecast?
WEC EPS forecast for the fiscal quarter 2026 (Q2) is 0.85.