WEC Energy Q2 profit rises on cost discipline
WEC•Analyst view
The current average analyst rating on the shares is "buy," with 8 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell."
The average consensus recommendation for the electric utilities peer group is "buy." Wall Street's median 12-month price target for WEC Energy Group Inc is $124.00, about 9.1% above its July 28 closing price of $113.61. The stock recently traded at 20 times the next 12-month earnings, versus a P/E of 20 three months ago.
Key reported figures
| Metric | Actual |
|---|---|
| Q2 EPS | $0.91 |
| Q2 Net income | $299.20 mln |
First-half revenue and outlook
Consolidated revenue for the first half of 2026 increased from the prior year.
The company reaffirmed 2026 earnings guidance of $5.51 to $5.61 per share, and said the outlook assumes normal weather conditions.
Quarterly profit rises on cost discipline
WEC Energy Group said second-quarter net income and earnings per share rose year over year, helped by customer service, financial discipline and operating efficiency, according to CEO Scott Lauber.
Retail electricity deliveries were essentially flat, with small commercial and industrial use down 0.2%, large commercial and industrial up 0.9%, and residential use down 1.1%. On a weather-normal basis, retail electricity deliveries rose 1.2% in the quarter.
