WEC Energy Group Unveils Record Capital Plan, Hikes Dividend 6.7%
WEC•At WEC Energy Group’s meeting, CEO Scott Lauber outlined the largest five-year capital plan, Wisconsin’s first large-scale battery deployment and a 6.7% dividend increase to $3.81 per share, delivering $1.15 billion to shareholders. The company posted Q1 earnings beating estimates, with revenues climbing 9% year-over-year, and reaffirmed its 2026 outlook.
1. Annual Meeting Highlights
At WEC Energy Group’s 2026 annual meeting, president and CEO Scott Lauber highlighted strong performance across customer satisfaction, reliability and safety metrics, and was appointed chairman following Gale Klappa’s retirement and designation as chairman emeritus.
2. Record Capital Plan and Reliability Awards
The board approved the company’s largest-ever five-year capital plan targeting growth from data centers and other industries, brought Wisconsin’s first large-scale battery project online, secured regulatory approval for new solar and natural gas generation and maintained top industry rankings in reliability and customer satisfaction.
3. Dividend Increase and Shareholder Returns
WEC Energy returned a record $1.15 billion to shareholders through dividends and raised its annual dividend by 6.7% to $3.81 per share, marking the 23rd consecutive year of higher payouts.
4. Q1 Earnings Beat and Outlook
In Q1, the company posted earnings beating analysts’ estimates as revenues rose 9% year-over-year, and it reaffirmed its full-year 2026 earnings outlook based on steady execution of its capital plan.
