WEC Energy Tops Q1 Forecasts, Reaffirms 2026 Outlook

Overview

• WEC Energy, which reported Tuesday, earned $804.4 million, or $2.45 per share, on $3.43 billion in revenue, beating Zacks’ estimates for $2.33 and $3.21 billion.
• The company kept its 2026 earnings target at $5.51 to $5.61 per share, which assumes typical weather for the rest of the year.
• Retail electricity deliveries rose 1.1% from a year earlier, or 1.3% after adjusting for weather, with usage by large businesses up 2.7%.
• Core natural gas volumes in Wisconsin fell 3.5% year over year, or 2.1% on a weather‑normal basis, reflecting weaker usage in the quarter.
• Operating cash flow reached $1.22 billion and capital spending totaled $818 million, as the company funded grid and generation projects across its four‑state footprint and adjusted debt and commercial paper to support those investments.