WEC Energy Group Posts $804.4M Q1 Profit, Reaffirms $5.51–$5.61 EPS Guidance
WEC Energy Group posted Q1 net income of $804.4 million ($2.45 per share), up from $724.2 million ($2.27), on revenues of $3.4 billion. Retail electricity deliveries ex-iron ore mine rose 1.1% (1.3% weather-normal) while Wisconsin gas volumes dropped 3.5% (2.1% weather-normal) and EPS guidance was reaffirmed at $5.51–$5.61.
1. Q1 Financial Performance
WEC Energy Group posted 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 in Q1 2025, on consolidated revenues of $3.4 billion, an increase of $284.7 million.
2. Delivery and Consumption Metrics
Retail electricity deliveries excluding the Upper Peninsula iron ore mine rose 1.1% in Q1 (1.3% on a weather-normal basis), with small commercial and industrial usage up 0.7%, large C&I up 2.7%, and residential up 0.2%; Wisconsin natural gas deliveries outside power generation fell 3.5% (2.1% weather-normal).
3. 2026 Earnings Guidance
The company reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the remainder of the year, reflecting continued execution of its capital plan and focus on operating efficiencies.