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, /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2026 second-quarter earnings news release before the stock market opens Wednesday, July 29. A conference call for investors and security analysts is scheduled for the same day at 1 p.m. Central time.

Detailed financial information will be available on the WEC Energy Group website by 6:30 a.m. Central time July 29.

To listen to webcast

Go to wecenergygroup.com. Under 'Webcasts,' select 'Q2 Earnings' at any point within 15 minutes of the start of the call. To listen to conference call

Conference ID: 3088105 Live: 888-330-2443. International: 240-789-2728 Replay: 800-770-2030. International: 647-362-9199 (replay available for two weeks following event)

WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.8 million customers in Wisconsin, Illinois, Michigan and Minnesota.

The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a fleet of renewable generation facilities in states ranging from South Dakota to Texas.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 31,000 stockholders of record, 7,000 employees and more than $52 billion of assets.

SOURCE WEC Energy Group

Posted by Defense World Staff on Jul 22nd, 2026

Allspring Global Investments Holdings LLC raised its stake in shares of WEC Energy Group, Inc. (NYSE:WEC – Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,575 shares of the utilities provider’s stock after buying an additional 7,333 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in WEC Energy Group were worth $17,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of WEC. Godfrey Financial Associates Inc. purchased a new stake in WEC Energy Group in the 4th quarter worth $25,000. Torren Management LLC bought a new position in shares of WEC Energy Group during the 4th quarter valued at about $26,000. Osterweis Capital Management Inc. purchased a new position in shares of WEC Energy Group during the second quarter valued at about $27,000. Physician Wealth Advisors Inc. grew its position in shares of WEC Energy Group by 113.9% during the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 131 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 214 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Analysts Set New Price Targets Several analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a report on Friday, June 26th. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Barclays upped their price objective on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Finally, Mizuho set a $124.00 price objective on WEC Energy Group in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.07.

Check Out Our Latest Stock Analysis on WEC Energy Group

WEC Energy Group Stock Performance Shares of WEC Energy Group stock opened at $111.68 on Wednesday. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. The company has a market capitalization of $36.38 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.95 and a beta of 0.47. The stock’s fifty day moving average is $113.61 and its two-hundred day moving average is $113.36. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36.

WEC Energy Group (NYSE:WEC – Get Free Report) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the firm earned $2.27 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 76.05%.

Insiders Place Their Bets In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by company insiders.

About WEC Energy Group (Free Report)

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.

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, /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 95.25 cents per share on the company's common stock.

The dividend is payable Sept. 1, 2026, to stockholders of record on Aug. 14, 2026. This marks the 336th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders.

WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.8 million customers in Wisconsin, Illinois, Michigan and Minnesota.

The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a fleet of renewable generation facilities in states ranging from South Dakota to Texas.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 31,000 stockholders of record, 7,000 employees and more than $52 billion of assets.

SOURCE WEC Energy Group

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Arizona State Retirement System lessened its stake in WEC Energy Group, Inc. (NYSE:WEC – Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,310 shares of the utilities provider’s stock after selling 5,624 shares during the quarter. Arizona State Retirement System’s holdings in WEC Energy Group were worth $9,313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. AE Wealth Management LLC boosted its holdings in shares of WEC Energy Group by 4.9% during the 3rd quarter. AE Wealth Management LLC now owns 171,770 shares of the utilities provider’s stock worth $19,683,000 after buying an additional 7,970 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of WEC Energy Group by 53.0% during the 3rd quarter. Baillie Gifford & Co. now owns 131,363 shares of the utilities provider’s stock worth $15,053,000 after buying an additional 45,477 shares in the last quarter. Alley Investment Management Company LLC boosted its holdings in shares of WEC Energy Group by 36.5% during the 3rd quarter. Alley Investment Management Company LLC now owns 59,519 shares of the utilities provider’s stock worth $6,820,000 after buying an additional 15,926 shares in the last quarter. London & Capital Asset Management Ltd boosted its holdings in shares of WEC Energy Group by 48.1% during the 3rd quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider’s stock worth $3,609,000 after buying an additional 10,231 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of WEC Energy Group by 13.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 419,574 shares of the utilities provider’s stock worth $48,079,000 after buying an additional 49,905 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance WEC stock opened at $114.65 on Friday. The firm has a market cap of $37.34 billion, a PE ratio of 23.74, a P/E/G ratio of 2.77 and a beta of 0.53. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average of $115.56 and a 200-day moving average of $111.96. WEC Energy Group, Inc. has a 12-month low of $100.61 and a 12-month high of $119.62.

WEC Energy Group (NYSE:WEC – Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts expect that WEC Energy Group, Inc. will post 5.6 earnings per share for the current year.

WEC Energy Group Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.9525 per share. The ex-dividend date is Thursday, May 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio (DPR) is presently 78.88%.

Wall Street Analysts Forecast Growth WEC has been the topic of a number of research reports. Jefferies Financial Group dropped their price target on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Barclays upped their price target on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. BTIG Research reaffirmed a “buy” rating and set a $135.00 price target on shares of WEC Energy Group in a research note on Friday, January 30th. Argus raised WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Finally, KeyCorp upped their price target on WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $121.94.

Check Out Our Latest Stock Report on WEC

Insider Activity at WEC Energy Group In other news, Director Gale E. Klappa sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total transaction of $582,750.00. Following the transaction, the director owned 276,600 shares of the company’s stock, valued at $32,237,730. This represents a 1.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mary Beth Straka sold 2,815 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.50, for a total value of $325,132.50. Following the transaction, the vice president owned 4,707 shares of the company’s stock, valued at $543,658.50. The trade was a 37.42% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 42,354 shares of company stock worth $4,855,505. 0.46% of the stock is currently owned by company insiders.

WEC Energy Group Company Profile (Free Report)

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.

Read More Five stocks we like better than WEC Energy Group Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group, Inc. (NYSE:WEC – Free Report).

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Key Takeaways Xcel Energy is expected to post Q1 EPS of 91 cents, up 8.33% year over year. XEL may benefit from higher electric and gas demand plus new Minnesota gas rates.Xcel Energy sees data center growth and local projects boosting demand and earnings. Xcel Energy (XEL - Free Report) is set to report first-quarter 2026 earnings on April 30, before market open. The company reported a negative earnings surprise of 1.03% in the last reported quarter.

Let us discuss the factors that are likely to be reflected in the upcoming quarterly results.

Q1 Expectations for XELThe Zacks Consensus Estimate for earnings is pegged at 91 cents, implying a year-over-year increase of 8.33%.

The consensus estimate for revenues is pinned at $4.21 billion, indicating an increase of 7.69% from the year-ago reported number.

Factors Likely to Impact XEL’s Q1 EarningsXcel Energy's first-quarter 2026 performance is likely to have benefited from a rise in electric and natural gas demand and new rates implemented in January in its Northern States Power Company. In January 2026, interim natural gas rates were implemented in the Minnesota Natural Gas service region. These new rates are expected to have boosted the revenues and support the financial performance of the to-be-reported quarter.

The company’s first-quarter earnings are likely to have benefited from an increase in load growth to serve expanding data center demand.

Last year, Xcel Energy launched 15 economic development projects across its local communities, which are expected to generate more than $7 billion in capital investment and create nearly 1,400 jobs. These initiatives are likely to have driven increased demand in the first quarter, thereby boosting earnings.

However, an expected rise in operating costs, with higher property taxes and interest, might have offset some positives on first-quarter performance.

What Our Quantitative Model Predicts for XELOur proven model does not conclusively predict an earnings beat for Xcel Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you will see below.

XEL’s Earnings ESP: The company has an Earnings ESP of -2.87% at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

XEL’s Zacks Rank:Currently, Xcel Energy carries a Zacks Rank #3.

Stocks to ConsiderInvestors may consider the following players from the same industry, as these have the right combination of elements to post an earnings beat this reporting cycle.

WEC Energy Group (WEC - Free Report) is likely to come up with earnings beat when it reports first-quarter results on May 5. It has an Earnings ESP of +0.54% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks Rank #1 stocks here.

WEC’s long-term (three to five years) earnings growth rate is 7.44%. The Zacks Consensus Estimate for first-quarter EPS is pinned at $2.31, which implies a year-over-year increase of 1.76%.

Eversource Energy (ES - Free Report) is likely to come up with earnings beat when it reports first-quarter results on May 6. It has an Earnings ESP of +0.59% and a Zacks Rank #3 at present.

ES’ long-term earnings growth rate is 3.25%. The Zacks Consensus Estimate for first-quarter EPS is pinned at $1.60, which implies a year-over-year increase of 6.67%.

NiSource Inc. (NI - Free Report) is likely to come up with earnings beat when it reports first-quarter results on May 6. It has an Earnings ESP of +2.34% and a Zacks Rank #3 at present.

NI’s long-term earnings growth rate is 6.11%. The Zacks Consensus Estimate for first-quarter EPS is pinned at $1.03, which implies a year-over-year increase of 5.10%.

The market expects Eversource Energy (ES - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on May 6, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis New England power provider is expected to post quarterly earnings of $1.59 per share in its upcoming report, which represents a year-over-year change of +6%.

Revenues are expected to be $4.23 billion, up 2.7% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.15% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Eversource?For Eversource, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.41%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Eversource will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Eversource would post earnings of $1.1 per share when it actually produced earnings of $1.12, delivering a surprise of +1.82%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Eversource doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsWEC Energy Group (WEC - Free Report) , another stock in the Zacks Utility - Electric Power industry, is expected to report earnings per share of $2.31 for the quarter ended March 2026. This estimate points to a year-over-year change of +1.8%. Revenues for the quarter are expected to be $3.21 billion, up 1.9% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for WEC Energy has been revised 4.9% down to the current level. Nevertheless, the company now has an Earnings ESP of +0.54%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that WEC Energy will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

, /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $804.4 million, or $2.45 per share, for the first quarter of 2026 — up from $724.2 million, or $2.27 per share, for last year's first quarter.

Consolidated revenues totaled $3.4 billion, up $284.7 million from the first quarter a year ago.

"The continued execution of our capital plan and focus on operating efficiencies led to solid first-quarter results," said Scott Lauber, president and CEO. "As we build for a growing economy, we remain committed to delivering reliable, safe energy to the customers and communities we serve."

Retail deliveries of electricity — excluding the iron ore mine in Michigan's Upper Peninsula — were up by 1.1 percent in the first quarter of 2026, compared to the first quarter last year.

Electricity consumption by small commercial and industrial customers was 0.7 percent higher. Electricity use by large commercial and industrial customers — excluding the iron ore mine — increased by 2.7 percent.

Residential electricity use rose by 0.2 percent.

On a weather-normal basis, retail deliveries of electricity — excluding the iron ore mine — increased by 1.3 percent.

For the quarter, natural gas deliveries in Wisconsin — excluding natural gas used for power generation — decreased by 3.5 percent compared to the first quarter of 2025. On a weather normal basis, these natural gas deliveries were 2.1 percent lower.

The company is reaffirming its 2026 earnings guidance of $5.51 to $5.61 per share. This assumes normal weather for the remainder of the year.

Earnings per share listed in this news release are on a fully diluted basis.

Conference call

A conference call is scheduled for 1 p.m. Central time, Tuesday, May 5. The call will review 2026 first-quarter earnings and the company's outlook for the future.

All interested parties, including stockholders, news media and the general public, are invited to listen. Access the call at 888-330-2443 up to 15 minutes before it begins. The number for international callers is 240-789-2728. The conference ID is 3088105.

Conference call access also is available at wecenergygroup.com. Under 'Webcasts,' select 'Q1 Earnings.' In conjunction with this earnings announcement, WEC Energy Group will post on its website a package of detailed financial information on its first-quarter performance. The materials will be available at 6:30 a.m. Central time, Tuesday, May 5.

Replay

A replay will be available on the website and by phone. Access to the webcast replay will be available on the website about two hours after the call. Access to a phone replay also will be available approximately two hours after the call and remain accessible through May 19, 2026. Domestic callers should dial 800-770-2030. International callers should dial 647-362-9199. The replay conference ID is 3088105.

WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.8 million customers in Wisconsin, Illinois, Michigan and Minnesota.

The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a fleet of renewable generation facilities in states ranging from South Dakota to Texas.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 32,000 stockholders of record, 7,000 employees and more than $51 billion of assets.

Forward-looking statements

Certain statements contained in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based upon management's current expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those contemplated in the statements. Readers are cautioned not to place undue reliance on these statements. Forward-looking statements include, among other things, statements concerning management's expectations and projections regarding earnings, earnings growth rates, dividend payments and future results. In some cases, forward-looking statements may be identified by reference to a future period or periods or by the use of forward-looking terminology such as "anticipates," "believes," "estimates," "expects," "forecasts," "guidance," "intends," "may," "objectives," "plans," "possible," "potential," "projects," "should," "targets," "will" or similar terms or variations of these terms.

Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements include, but are not limited to: general economic conditions, including business and competitive conditions in the company's service territories; timing, resolution and impact of rate cases and other regulatory decisions, including rider reconciliations; the company's ability to continue to successfully integrate the operations of its subsidiaries; availability of the company's generating facilities and/or distribution systems; unanticipated changes in fuel and purchased power costs; key personnel changes; unusual, varying or severe weather conditions; continued industry restructuring and consolidation; continued advances in, and adoption of, new technologies that produce power or reduce power consumption; energy and environmental conservation efforts; electrification initiatives, mandates and other efforts to reduce the use of natural gas; the company's ability to successfully acquire and/or dispose of assets and projects and to execute on its capital plan, including projects related to serving data centers and other large-scale customers; terrorist, physical or cyber-security threats or attacks and data security breaches; construction risks; labor disruptions; equity and bond market fluctuations; changes in the company's and its subsidiaries' ability to access the capital markets; changes in tax legislation or our ability to use certain tax benefits and carryforwards; changes in and uncertainty around federal, state, and local legislation and regulation, including changes in rate-setting policies or procedures and environmental standards, in the enforcement of these laws and regulations and in the interpretation of regulations or permit conditions by regulatory agencies; supply chain disruptions; inflation; political or geopolitical developments impacting the global economy, supply chain and fuel prices generally, including as a result of changes to government trade policies, geopolitical tensions between the U.S. and other countries, or other new, protracted or escalating regional or international conflicts; the impact from any health crises, including epidemics and pandemics; current and future litigation and regulatory investigations, proceedings or inquiries; the ability of the Company to successfully and/or timely adopt new technologies, including artificial intelligence; changes in accounting standards; the financial performance of the American Transmission Company as well as projects in which the company's energy infrastructure business invests; the ability of the company to obtain additional generating capacity at competitive prices; goodwill and its possible impairment; and other factors described under the heading "Factors Affecting Results, Liquidity and Capital Resources" in Management's Discussion and Analysis of Financial Condition and Results of Operations and under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" contained in the company's Form 10-K for the year ended Dec. 31, 2025, and in subsequent reports filed with the Securities and Exchange Commission. Except as may be required by law, the company expressly disclaims any obligation to publicly update or revise any forward-looking information.

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WEC ENERGY GROUP, INC.

CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited)   

Three Months Ended

March 31

(in millions, except per share amounts)

2026

2025

Operating revenues

$                   3,434.2

$                   3,149.5

Operating expenses

Cost of sales

1,391.0

1,165.7

Other operation and maintenance

608.7

608.0

Depreciation and amortization

379.8

359.9

Property and revenue taxes

74.7

78.4

Total operating expenses

2,454.2

2,212.0

Operating income

980.0

937.5

Equity in earnings of transmission affiliates

59.5

53.6

Other income, net

48.2

18.1

Interest expense

228.5

223.0

Other expense

(120.8)

(151.3)

Income before income taxes

859.2

786.2

Income tax expense

53.1

60.7

Net income

806.1

725.5

Preferred stock dividends of subsidiary

0.3

0.3

Net income attributed to noncontrolling interests

(1.4)

(1.0)

Net income attributed to common shareholders

$                      804.4

$                      724.2

Earnings per share

Basic

$                        2.47

$                        2.28

Diluted

$                        2.45

$                        2.27

Weighted average common shares outstanding

Basic

325.6

318.2

Diluted

328.3

319.3

Dividends per share of common stock

$                    0.9525

$                    0.8925

WEC ENERGY GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(in millions, except share and per share amounts)

March 31, 2026

December 31, 2025

Assets

Current assets

Cash and cash equivalents

$                           45.6

$                           27.6

Accounts receivable and unbilled revenues, net of reserves of $156.0 and $148.7, respectively

1,914.4

2,062.7

Materials, supplies, and inventories

612.3

803.4

Prepaid taxes

125.2

178.8

Other prepayments

80.5

92.4

Other

203.0

119.8

Current assets

2,981.0

3,284.7

Long-term assets

Property, plant, and equipment, net of accumulated depreciation and amortization of $12,667.5 and

$12,411.5, respectively

38,707.0

38,278.1

Regulatory assets (March 31, 2026 and December 31, 2025 include $65.5 and $67.5, respectively,

related to WEPCo Environmental Trust Finance I, LLC)

3,111.3

3,156.3

Equity investment in transmission affiliates

2,369.5

2,280.4

Goodwill

3,052.8

3,052.8

Pension and OPEB assets

1,098.5

1,082.4

Other

413.9

383.6

Long-term assets

48,753.0

48,233.6

Total assets

$                   51,734.0

$                   51,518.3

Liabilities and Equity

Current liabilities

Short-term debt

$                     2,045.2

$                     1,924.7

Current portion of long-term debt (March 31, 2026 and December 31, 2025 include $9.3 related to

WEPCo Environmental Trust Finance I, LLC)

520.4

1,519.4

Accounts payable

830.8

1,140.1

Accrued interest

264.1

161.3

Other

728.9

847.9

Current liabilities

4,389.4

5,593.4

Long-term liabilities

Long-term debt (March 31, 2026 and December 31, 2025 include $67.4 related to WEPCo

Environmental Trust Finance I, LLC)

19,381.8

18,498.1

Finance lease obligations

370.4

372.0

Deferred income taxes

5,967.2

5,891.7

Deferred revenue, net

309.6

314.2

Regulatory liabilities

4,114.7

4,121.3

Intangible liabilities

565.3

580.3

Environmental remediation liabilities

474.3

484.1

Asset retirement obligations

660.6

647.0

Other

931.4

963.4

Long-term liabilities

32,775.3

31,872.1

Commitments and contingencies

Common shareholders' equity

Common stock – $0.01 par value; 650,000,000 shares authorized; 325,725,678 and 325,461,519

shares outstanding, respectively

3.3

3.3

Additional paid in capital

5,147.4

5,124.4

Retained earnings

8,987.8

8,493.5

Accumulated other comprehensive loss

(7.5)

(7.6)

Common shareholders' equity

14,131.0

13,613.6

Preferred stock of subsidiary

30.4

30.4

Noncontrolling interests

407.9

408.8

Total liabilities and equity

$                   51,734.0

$                   51,518.3

WEC ENERGY GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

Three Months Ended

March 31

(in millions)

2026

2025

Operating activities

Net income

$                      806.1

$                      725.5

Reconciliation to cash provided by operating activities

Depreciation and amortization

379.8

359.9

Deferred income taxes and ITCs, net

27.8

55.6

Contributions and payments related to pension and OPEB plans

(3.8)

(3.9)

Equity income in transmission affiliates, net of distributions

(13.3)

2.2

Change in –

Accounts receivable and unbilled revenues, net

77.9

(180.3)

Materials, supplies, and inventories

191.1

237.2

Other current assets

(10.2)

13.0

Accounts payable

(201.0)

(195.4)

Accrued interest

102.8

83.5

Other current liabilities

(47.9)

74.2

Other, net

(90.9)

(8.9)

Net cash provided by operating activities

1,218.4

1,162.6

Investing activities

Capital expenditures

(817.9)

(701.1)

Acquisition of Hardin Solar Energy III LLC, net of cash acquired of $0.2

—

(406.1)

Capital contributions to transmission affiliates

(75.8)

(42.3)

Proceeds from the sale of assets

21.7

—

Reimbursement for American Transmission Company LLC's transmission infrastructure upgrades         

—

39.7

Other, net

(14.4)

8.0

Net cash used in investing activities

(886.4)

(1,101.8)

Financing activities

Exercise of stock options

7.4

21.2

Issuance of common stock, net

12.8

117.1

Dividends paid on common stock

(310.1)

(283.6)

Issuance of long-term debt

1,005.2

—

Retirement of long-term debt

(1,118.9)

(17.9)

Change in commercial paper

119.2

209.5

Other, net

(11.2)

(5.9)

Net cash provided by (used in) financing activities

(295.6)

40.4

Net change in cash, cash equivalents, and restricted cash

36.4

101.2

Cash, cash equivalents, and restricted cash at beginning of period

70.9

42.2

Cash, cash equivalents, and restricted cash at end of period

$                      107.3

$                      143.4

SOURCE WEC Energy Group

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of RWE AG (RWEOY) and WEC Energy Group (WEC). But which of these two stocks is more attractive to value investors?

WEC Energy Group, Inc. (WEC) Q1 2026 Earnings Call Transcript

, /PRNewswire/ -- At WEC Energy Group's (NYSE: WEC) annual meeting of stockholders today, Scott Lauber, president and CEO, highlighted another strong year on virtually every meaningful measure — from customer satisfaction, to financial performance, to steady execution of the company's capital plan. He also emphasized how the company is supporting business growth and progress in the region with a focus on safe and reliable energy to millions of customers across the Midwest.

The 2026 annual meeting marked the end of Gale Klappa's tenure on WEC Energy Group's board of directors. Consistent with its stated plans, the board appointed Lauber chairman of the board upon Klappa's retirement.

"Gale's vision, dedication and leadership have been key to bringing us to the strong position we are in today," Lauber said. "Our company and our community are better today because of Gale's contributions. In recognition of all of his accomplishments, the board has given Gale the honorary title of Chairman Emeritus following today's meeting. This is the first time this honor has been bestowed on anyone in the company's more than 125 year history."

Company highlights

Developed the largest five-year capital plan in company history to support energy growth from new data centers and other industries. Ranked No. 1 in the nation again for customer satisfaction in an independent survey of large commercial and industrial energy users. We Energies named best in the Upper Midwest for electric reliability performance as part of PA Consulting's 2025 ReliabilityOne® Awards. Achieved record employee safety performance based on DART-recordable injuries. Brought Wisconsin's first large-scale battery project online and received regulatory approval for a range of projects, including new solar power and natural gas generation now under construction. Through company foundations, identified as largest corporate contributor in Wisconsin to non-profit organizations. Returned a record $1.15 billion to WEC Energy Group stockholders through dividends. Increased the dividend level in January 2026 by 6.7% to an annual rate of $3.81 per share. This marks the 23rd consecutive year of higher dividends. Stockholder actions

During the meeting, stockholders elected the following directors to terms expiring at the 2027 annual meeting: Warner L. Baxter, Ave M. Bie, Danny L. Cunningham, William M. Farrow III, Cristina A. Garcia-Thomas, Maria C. Green, Thomas K. Lane, John D. Lange, Scott J. Lauber, Ulice Payne Jr., Mary Ellen Stanek and Glen E. Tellock.

As recommended by the board of directors, stockholders also voted to:

Ratify Deloitte & Touche LLP as independent auditors for 2026. Approve the compensation of WEC Energy Group's named executive officers (say-on-pay). The board's proposed amendments to the company's Restated Articles of Incorporation and Bylaws to eliminate supermajority voting requirements, did not receive the required stockholder vote for approval.

An advisory proposal to support simple majority vote also did not receive the required stockholder vote for approval.

WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.8 million customers in Wisconsin, Illinois, Michigan and Minnesota.

The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a fleet of renewable generation facilities in states ranging from South Dakota to Texas.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 32,000 stockholders of record, 7,000 employees and more than $51 billion of assets.

Forward-looking statements

Certain statements contained in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based upon management's current expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those contemplated in the statements. Readers are cautioned not to place undue reliance on these statements. Forward-looking statements include, among other things, statements concerning management's expectations and projections regarding earnings, earnings growth rates, dividend payments and future results. In some cases, forward-looking statements may be identified by reference to a future period or periods or by the use of forward-looking terminology such as "anticipates," "believes," "estimates," "expects," "forecasts," "guidance," "intends," "may," "objectives," "plans," "possible," "potential," "projects," "should," "targets," "will" or similar terms or variations of these terms.

Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements include, but are not limited to: general economic conditions, including business and competitive conditions in the company's service territories; timing, resolution and impact of rate cases and other regulatory decisions, including rider reconciliations; the company's ability to continue to successfully integrate the operations of its subsidiaries; availability of the company's generating facilities and/or distribution systems; unanticipated changes in fuel and purchased power costs; key personnel changes; unusual, varying or severe weather conditions; continued industry restructuring and consolidation; continued advances in, and adoption of, new technologies that produce power or reduce power consumption; energy and environmental conservation efforts; electrification initiatives, mandates and other efforts to reduce the use of natural gas; the company's ability to successfully acquire and/or dispose of assets and projects and to execute on its capital plan, including projects related to serving data centers and other large-scale customers; terrorist, physical or cyber-security threats or attacks and data security breaches; construction risks; labor disruptions; equity and bond market fluctuations; changes in the company's and its subsidiaries' ability to access the capital markets; changes in tax legislation or our ability to use certain tax benefits and carryforwards; changes in and uncertainty around federal, state, and local legislation and regulation, including changes in rate-setting policies or procedures and environmental standards, in the enforcement of these laws and regulations and in the interpretation of regulations or permit conditions by regulatory agencies; supply chain disruptions; inflation; political or geopolitical developments impacting the global economy, supply chain and fuel prices generally, including as a result of changes to government trade policies, geopolitical tensions between the U.S. and other countries, the war in Iran, or other new, protracted or escalating regional or international conflicts; the impact from any health crises, including epidemics and pandemics; current and future litigation and regulatory investigations, proceedings or inquiries; the ability of the Company to successfully and/or timely adopt new technologies, including artificial intelligence; changes in accounting standards; the financial performance of the American Transmission Company as well as projects in which the company's energy infrastructure business invests; the ability of the company to obtain additional generating capacity at competitive prices; goodwill and its possible impairment; and other factors described under the heading "Factors Affecting Results, Liquidity and Capital Resources" in Management's Discussion and Analysis of Financial Condition and Results of Operations and under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" contained in the company's Form 10-K for the year ended Dec. 31, 2025, and in subsequent reports filed with the Securities and Exchange Commission. Except as may be required by law, the company expressly disclaims any obligation to publicly update or revise any forward-looking information.

SOURCE WEC Energy Group

"Crane Day" Marks Transition From Construction to Final Integration as Company Approaches First Revenue-Generating Operations

MIDLAND, TX / ACCESS Newswire / May 8, 2026 / Waste Energy Corp. ("WEC" or the "Company"), a resource recovery and alternative energy company focused on converting non-recyclable waste into usable fuel and renewable energy products, today announced that it has successfully installed the core equipment for its first commercial-scale waste conversion system at its Midland, Texas facility - a defining operational milestone that moves the Company materially closer to commissioning and revenue-generating operations.

On May 7, 2026, WEC's construction team lifted and positioned approximately 175,000 pounds of primary waste-to-energy conversion equipment onto the system foundation - a combined weight comparable to that of a fully loaded Boeing 737 commercial aircraft. The installation included the Company's core thermal processing units and supporting system components. The single-day operation, internally designated "Crane Day," represents one of the most significant construction milestones in the Company's history and concludes the heavy civil and structural phase of the Midland buildout.

"Crane Day is the moment this project stopped being a construction site and started becoming an operating facility," said Scott Gallagher, CEO of Waste Energy Corp. "Setting the core system in a single day is the culmination of years of planning, disciplined site preparation, and engineering work by our team, and it puts us on a direct path to commissioning. Midland is our first commercial deployment, but it's also our template - every milestone we hit here accelerates the timeline for our next sites."

With the heavy equipment now in place, the Company's focus shifts to final interconnection work, including electrical, piping, welding, controls integration, and system testing. WEC expects these activities to progress over the coming weeks as the facility advances toward initial commissioning.

Strategic Position in the Permian Basin

The Midland facility represents the Company's first commercial-scale deployment of its modular waste conversion technology platform, designed to convert waste tires and other non-recyclable waste streams into usable energy products while supporting landfill diversion. The Company believes Midland's location offers strategic advantages through its proximity to feedstock supply, established energy infrastructure, and industrial fuel demand within the Permian Basin.

WEC has previously announced agreements and relationships supporting feedstock supply, recovered material sales, and participation in regional cleanup and landfill diversion initiatives, including the Basin Beautification Project.

A Platform Built to Scale

The modular design of WEC's waste conversion technology is intended to allow future deployments to benefit from the operational experience, engineering refinements, and process efficiencies developed during the Midland buildout and commissioning process. Concurrently, the Company is advancing planning for additional facilities and evaluating expansion opportunities in regions with strong feedstock availability and energy demand as management believes WEC is approaching a meaningful operational inflection point in its transition toward revenue-generating operations.

About Waste Energy Corp.

Waste Energy Corp. (OTCQB:WAST) is a resource recovery and alternative energy company developing waste-to-energy infrastructure and assets in the United States. The Company is a fully reporting SEC Exchange Act registrant. For more information, visit www.WEC.eco. Investor disclosures are available at www.sec.gov.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the timing of Crane Day, commissioning and related operational activities, the timing of SEC filings, and the Company's transition to revenue-generating operations. Actual results may differ materially due to risks including delays or cost overruns in installation, integration, or commissioning; the Company's ability to complete its audit and timely file required SEC reports; the need for additional capital; the realization of anticipated revenue streams; and the additional risk factors described in the Company's filings with the SEC at www.sec.gov. These forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update them except as required by law. Investors are encouraged to review the Company's filings with the SEC, including the risk factors disclosed therein, before making any investment decision.

Investor Contact:

Waste Energy Corp.
Email: [email protected]
Phone: (727) 417-7807
Website: www.WEC.eco

SOURCE: Waste Energy Corp.

The bearish case on rate-sensitive regulated utilities at current levels is building, and NextEra Energy (NYSE:NEE | NEE Price Prediction) at $95.68 is the cleanest example of what Kevin Warsh’s commitment to quantitative tightening will do to the group. The four other names carrying the same exposure are Dominion Energy (NYSE:D) at $62.97, Eversource Energy (NYSE:ES) at $68.81, Xcel Energy (NASDAQ:XEL) at $80.03, and WEC Energy Group (NYSE:WEC) at $111.64.

Each is leveraged, capex-hungry, and trades partly as a bond proxy. With Core PCE still drifting higher, the 10-year at 4.46%, and the 30-year at 5.02%, balance-sheet runoff keeps tightening work in motion even with the Fed funds upper bound at 3.75%. Warsh has shown no appetite to support the long end if yields spike, which is the core problem.

Why the bulls own these names The buy case rests on power demand with a tailwind. NextEra’s 33 GW backlog and 8%-plus long-term EPS CAGR target through 2032, Xcel’s 1,900 MW Google data center agreement in Minnesota, and Dominion’s Loudoun County hyperscaler exposure all point to multi-year volume growth prior cycles never offered. Eversource is funding a $26.5 billion five-year capital plan against a rate base scaling toward $49.3 billion by 2030, and WEC delivered its 23rd consecutive annual dividend increase. Regulated returns plus AI-era load growth deserves a premium multiple, bulls argue.

Utility yields versus Treasuries Bears focus on the widening gap between utility yields and risk-free paper. NEE pays 2.46% against a 30-year Treasury at 5.02%, and the curve is steepening on the long end. Every name absorbs rising interest expense. Dominion’s Q1 interest charges climbed to $561 million from $481 million while its diluted share count moved from 852.2 million to 880.1 million, a textbook case of capex funded with equity and debt at higher cost. WEC has slipped 3.35% over the past month as the 10-year crept up 16 basis points.

The case for waiting A pause is defensible. The Fed has cut 75 basis points since September and is on hold, leaving room for surprise easing. Earnings trajectories at all five names remain intact with mid-to-high single-digit EPS growth guidance through the back half of the decade. Investors waiting for a clean break of 5% on the 10-year, or a capitulation flush in utility prices, can argue the macro has not yet broken decisively.

Year-to-date performance and valuations NextEra leads with a 19.97% gain, well ahead of the S&P 500’s mid-single-digit move over the same stretch. Xcel is up 9.14%, Dominion 8.61%, WEC 7.64%, and Eversource trails at 3.29%. Analyst targets imply modest headroom: NEE’s $98.93 consensus across 24 analysts works out to roughly 3.4% upside, with 16 of 24 rating it Buy or Strong Buy. ES carries a $71.92 target and WEC a $124.75 target. NEE trades at 24x trailing earnings and 17x EV/EBITDA, the richest of the group; WEC sits at 22x, ES at 15x.

Verdict: the long end wins At $95.68, NextEra Energy looks most exposed to the macro setup.

The path to downside is structural. With Warsh anchored on QT and Core PCE still climbing, long-end yields have a clearer route higher. Utility valuations compress because the income gap versus Treasuries widens and the discount rate applied to multi-decade rate-base cash flows rises. A 24 P/E and a 2.46% yield do not compete with a 5% 30-year for income buyers, and the marginal seller is showing up in WEC and Dominion’s stock action.

The thesis breaks if Warsh reverses, the Fed accelerates easing, or the 10-year decisively breaks below 4%. None are on the near-term radar. WEC and Dominion sit next on the rate-sensitivity ladder given rising interest expense and dilution, while Eversource carries an extra $980 million Connecticut storm prudency review as idiosyncratic regulatory risk. Xcel’s Smokehouse Creek wildfire liabilities cap upside even in a falling-rate scenario.

When the bond market does the Fed’s tightening work, the bond proxies pay first.