WEC Energy Group Q1 2026 Net Income Rises to $804.4M

By Tamara Parker • Tuesday, May 05 11:07 • Permanent Link

WEC Energy Group reported first-quarter 2026 net income of $804.4 million, up from $724.2 million a year earlier. Earnings per share rose to $2.45 from $2.27.

Revenue increased to $3.4 billion, a gain of $284.7 million from the first quarter of 2025.

Electricity retail deliveries, excluding the iron ore mine in Michigan’s Upper Peninsula, increased 1.1% from the prior-year quarter. Within that total, small commercial and industrial usage rose 0.7%, large commercial and industrial usage climbed 2.7%, and residential use increased 0.2%. On a weather-normal basis, retail electricity deliveries excluding the mine were up 1.3%.

Natural gas deliveries in Wisconsin, excluding gas used for power generation, fell 3.5% from the first quarter of 2025. On a weather-normal basis, those deliveries were down 2.1%.

The company reaffirmed full-year 2026 earnings guidance of $5.51 to $5.61 per share. As a result of these announcements, the company's shares have moved -0.02% on the market, and are now trading at a price of $116.42. Check out the company's full 8-K submission here.

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