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WEC Energy Group Inc (WEC)
NYSE:WEC
Earnings Data
Report Date
May 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.01Last Year’s EPS
2.27Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Q4 2025
Earnings Call Date:Feb 05, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call was broadly positive: management delivered solid 2025 adjusted results (+8% EPS growth), hit the top end of guidance, secured a proposed Illinois settlement that removes historical overhang, announced meaningful incremental demand (500 MW) and added $1 billion to a $37.5 billion five‑year capital plan, and reaffirmed a 7%–8% long‑term EPS CAGR while raising the dividend. Offsetting items include a one‑time $0.46/share GAAP charge and $125M of customer credits, elevated near‑term financing requirements, ongoing regulatory proceedings (VLC and rate cases), higher depreciation and interest expense pressures, and sensitivity to weather and political/affordability concerns. On balance, the positives — strong demand momentum, clear capital plan execution, and reaffirmed guidance — outweigh the lowlights.Company Guidance
Adjusted EPS and Year‑over‑Year Growth
Reported full‑year 2025 adjusted earnings of $5.27 per share, up $0.39 or 8% versus 2024 on an adjusted basis; hit the top end of 2025 adjusted guidance.
Illinois Settlement to Resolve Historical Dockets
Reached a proposed settlement with the Illinois attorney general that would resolve ~ $2.3 billion of open dockets; settlement terms include a $130 million prospective rate base reduction and $125 million in customer credits paid over three years (approx. $50 million in year one).
One‑time Charge Related to Illinois
Recorded a one‑time charge of $0.46 per share associated with the proposed Illinois settlement (excluded from adjusted EPS).
Large Incremental Demand and Capital Plan Expansion
Added 500 MW of forecasted demand from Microsoft, increasing five‑year electric demand growth to 3.9 GW (2.6 GW in I‑94 Corridor, 1.3 GW north of Milwaukee) and adding an estimated $1.0 billion to the five‑year capital plan, which now totals $37.5 billion.
Long‑Term EPS Growth Outlook
Reiterated long‑term EPS compound annual growth rate of 7%–8% between 2026 and 2030, with acceleration to the upper half of the range starting in 2028.
Planned Capital Spending by Resource Type
Over 2026–2030 expects $7.4 billion in modern natural gas generation and LNG storage investment and $12.6 billion to add 6,500 MW of renewables; multiple gas, solar and battery projects underway (seven renewables and two battery storage facilities under construction).
Generation Projects Underway
Under construction: Oak Creek five‑unit 1,100 MW combustion turbine project, two‑BCF LNG facility, seven‑unit Paris Rice generation site, and multiple renewables including two solar facilities expected online later this year.
Dividend Increase and Capital Return
Board increased the dividend by 6.7% to an annualized $3.81 per share — the 23rd consecutive year of a dividend increase; payout policy maintained at 65%–70% of earnings.
Positive Retail Sales and Near‑term Sales Outlook
2025 weather‑normal retail electric deliveries in Wisconsin (ex iron ore mine) rose 1.1% year‑over‑year; projecting 2026 weather‑normal retail electric sales to grow 1.6% with commercial & industrial segment up ~5.8% due to forecasted data center load.
2026 Guidance and Financing Plan
Reaffirmed 2026 adjusted EPS guidance of $5.51–$5.61; Q1 2026 EPS guide $2.27–$2.37. Financing plan includes $4–$5 billion debt funding in 2026 (incl. $1.4B note maturities) and $900M–$1.1B of equity issuance via ATM/DRIP/employee plans; incremental capital expected to target ~50% equity content.
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 |
|---|---|---|---|
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% |
May 06, 2025 | $105.15 | $106.17 | +0.98% |
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 May 04, 2026, Before Open (Confirmed).
What is WEC Energy Group Inc (WEC) earnings time?
WEC Energy Group Inc (WEC) earnings time is at May 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 (Q1) is 2.01.