WEC Energy Group Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), WEC Energy Group Inc reported revenue of $9.8B (+14.0% year on year) and net income of $1.6B (+2.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Operating revenues | $9.8B | $8.6B | $8.9B | $9.6B |
| Cost of sales | $3.3B | $2.7B | $3.2B | $4.4B |
| Other operation and maintenance | $2.4B | $2.2B | $2.1B | $1.9B |
| Impairments related to Illinois segment | $130.0M | — | — | — |
| Depreciation and amortization | $1.5B | $1.4B | $1.3B | $1.1B |
| Property and revenue taxes | $280.1M | $266.5M | $250.2M | $253.7M |
| Total operating expenses | $7.6B | $6.4B | $7.0B | $7.7B |
| Operating income | $2.2B | $2.2B | $1.9B | $1.9B |
| Equity in earnings of transmission affiliates | $215.8M | $207.5M | $177.5M | $194.7M |
| Other income, net | $107.9M | $178.2M | $177.7M | $128.8M |
| Interest expense | $895.1M | $815.3M | $726.9M | $515.1M |
| Gain on debt extinguishments | $0 | ($23.1M) | $0 | $0 |
| Other expense | ($571.4M) | ($406.5M) | ($371.7M) | ($191.6M) |
| Income before income taxes | $1.7B | $1.7B | $1.5B | $1.7B |
| Income tax expense | $118.0M | $222.0M | $204.6M | $322.9M |
| Net income | $1.6B | $1.5B | $1.3B | $1.4B |
| Preferred stock dividends of subsidiary | $1.2M | $1.2M | $1.2M | $1.2M |
| Net loss attributed to noncontrolling interests | $3.2M | $4.1M | $1.2M | ($400.0K) |
| Net income attributed to common shareholders | $1.6B | $1.5B | $1.3B | $1.4B |
| Basic (in dollars per share) | $4.84 | $4.83 | $4.22 | $4.46 |
| Diluted (in dollars per share) | $4.81 | $4.83 | $4.22 | $4.45 |
| Basic (in shares) | 321.9M | 316.2M | 315.4M | 315.4M |
| Diluted (in shares) | 323.8M | 316.5M | 315.9M | 316.1M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Operating revenues | $2.1B | $3.4B | $2.1B | $2.0B |
| Cost of sales | $555.6M | $1.4B | $608.1M | $570.5M |
| Other operation and maintenance | $617.1M | $608.7M | $605.1M | $596.2M |
| Depreciation and amortization | $384.9M | $379.8M | $373.4M | $368.9M |
| Property and revenue taxes | $71.7M | $74.7M | $67.8M | $69.0M |
| Total operating expenses | $1.6B | $2.5B | $1.7B | $1.6B |
| Operating income | $432.8M | $980.0M | $449.6M | $404.9M |
| Equity in earnings of transmission affiliates | $62.6M | $59.5M | $54.8M | $51.9M |
| Other income, net | $61.5M | $48.2M | $23.8M | $26.5M |
| Interest expense | $228.9M | $228.5M | $223.6M | $220.8M |
| Other expense | ($104.8M) | ($120.8M) | ($145.0M) | ($142.4M) |
| Income before income taxes | $328.0M | $859.2M | $304.6M | $262.5M |
| Income tax expense | $27.0M | $53.1M | $34.4M | $19.5M |
| Net income | $301.0M | $806.1M | $270.2M | $243.0M |
| Preferred stock dividends of subsidiary | $300.0K | $300.0K | $300.0K | $300.0K |
| Net (income) loss attributed to noncontrolling interests | ($1.5M) | ($1.4M) | $1.4M | $2.7M |
| Net income attributed to common shareholders | $299.2M | $804.4M | $271.3M | $245.4M |
| Basic (in dollars per share) | $0.92 | $2.47 | $0.84 | $0.77 |
| Diluted (in dollars per share) | $0.91 | $2.45 | $0.83 | $0.76 |
| Basic (in shares) | 325.8M | 325.6M | 323.5M | 320.3M |
| Diluted (in shares) | 328.9M | 328.3M | 325.6M | 322.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $27.6M | $9.8M | $42.9M | $28.9M |
| Accounts receivable and unbilled revenues, net of reserves of $148.7 and $162.8, respectively | $2.1B | $1.7B | $1.5B | $1.8B |
| Materials, supplies, and inventories | $803.4M | $813.2M | $775.2M | $807.1M |
| Prepaid taxes | $178.8M | $214.9M | $173.9M | $201.8M |
| Other prepayments | $92.4M | $82.6M | $76.8M | $69.8M |
| Other | $119.8M | $121.9M | $223.7M | $261.7M |
| Current assets | $3.3B | $2.9B | $2.8B | $3.2B |
| Property, plant, and equipment, net of accumulated depreciation and amortization of $12,411.5 and $11,611.9, respectively | $38.3B | $34.6B | $31.6B | $29.1B |
| Regulatory assets (December 31, 2025 and December 31, 2024 include $67.5 and $76.5, respectively, related to WEPCo Environmental Trust) | $3.2B | $3.3B | $3.2B | $3.3B |
| Equity investment in transmission affiliates | $2.3B | $2.1B | $2.0B | $1.9B |
| Goodwill | $3.1B | $3.1B | $3.1B | $3.1B |
| Pension and OPEB assets | $1.1B | $968.5M | $870.9M | $916.7M |
| Other | $383.6M | $336.2M | $383.1M | $427.3M |
| Long-term assets | $48.2B | $44.5B | $41.1B | $38.7B |
| Total assets | $51.5B | $47.4B | $43.9B | $41.9B |
| Short-term debt | $1.9B | $1.1B | $2.0B | $1.6B |
| Current portion of long-term debt (December 31, 2025 and December 31, 2024 include $9.3 and $9.2, respectively, related to WEPCo Environmental Trust) | $1.5B | $1.7B | $1.3B | $881.2M |
| Accounts payable | $1.1B | $1.1B | $896.6M | $1.2B |
| Other | $1.0B | $859.2M | $933.1M | $884.6M |
| Current liabilities | $5.6B | $4.8B | $5.1B | $4.6B |
| Long-term debt (December 31, 2025 and December 31, 2024 include $67.4 and $76.4, respectively, related to WEPCo Environmental Trust) | $18.5B | $17.2B | — | — |
| Finance lease obligations | $372.0M | $303.3M | — | — |
| Deferred income taxes | $5.9B | $5.5B | $4.9B | $4.6B |
| Deferred revenue, net | $314.2M | $334.6M | $356.4M | $370.7M |
| Regulatory liabilities | $4.1B | $4.0B | $3.7B | $3.7B |
| Intangible liabilities | $580.3M | $566.8M | $594.8M | — |
| Environmental remediation liabilities | $484.1M | $445.8M | $463.7M | $499.6M |
| AROs | $647.0M | $580.0M | $374.2M | — |
| Other | $963.4M | $838.1M | $659.3M | $1.5B |
| Long-term liabilities | $31.9B | $29.7B | $26.8B | $25.6B |
| Common stock – $0.01 par value; 650,000,000 shares authorized; 325,461,519 and 317,680,855 shares outstanding, respectively | 3.3M | 3.2M | 3.2M | 3.2M |
| Additional paid in capital | $5.1B | $4.3B | $4.1B | $4.1B |
| Retained earnings | $8.5B | $8.1B | $7.6B | $7.3B |
| Accumulated other comprehensive loss | ($7.6M) | ($7.8M) | ($7.7M) | ($6.8M) |
| Common shareholders' equity | $13.6B | $12.4B | $11.7B | $11.4B |
| Preferred stock of subsidiary | $30.4M | $30.4M | $30.4M | $30.4M |
| Noncontrolling interest | $408.8M | $376.5M | $316.9M | $209.3M |
| Total liabilities and equity | $51.5B | $47.4B | $43.9B | $41.9B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $50.0M | $45.6M | $51.1M | $23.0M |
| Accounts receivable and unbilled revenues, net of reserves of $148.9 and $148.7, respectively | $1.5B | $1.9B | $1.3B | $1.5B |
| Materials, supplies, and inventories | $744.6M | $612.3M | $842.8M | $703.0M |
| Prepaid taxes | $203.2M | $125.2M | $125.5M | $209.0M |
| Other prepayments | $57.8M | $80.5M | $82.4M | $51.4M |
| Other | $197.0M | $203.0M | $144.0M | $116.3M |
| Current assets | $2.8B | $3.0B | $2.5B | $2.6B |
| Property, plant, and equipment, net of accumulated depreciation and amortization of $12,783.3 and $12,411.5, respectively | $39.8B | $38.7B | $37.4B | $36.1B |
| Regulatory assets (June 30, 2026 and December 31, 2025 include $63.6 and $67.5, respectively, related to WEPCo Environmental Trust) | $3.1B | $3.1B | $3.2B | $3.2B |
| Equity investment in transmission affiliates | $2.4B | $2.4B | $2.3B | $2.2B |
| Goodwill | $3.1B | $3.1B | $3.1B | $3.1B |
| Pension and OPEB assets | $1.1B | $1.1B | $1.0B | $1.0B |
| Other | $421.5M | $413.9M | $384.0M | $379.3M |
| Long-term assets | $50.0B | $48.8B | $47.3B | $45.9B |
| Total assets | $52.8B | $51.7B | $49.8B | $48.5B |
| Short-term debt | $1.9B | $2.0B | $1.3B | $810.3M |
| Current portion of long-term debt (June 30, 2026 and December 31, 2025 include $9.4 and $9.3, respectively, related to WEPCo Environmental Trust) | $1.4B | $520.4M | $1.9B | $2.3B |
| Accounts payable | $1.0B | $830.8M | $917.0M | $816.5M |
| Other | $842.2M | $728.9M | $971.3M | $820.4M |
| Current liabilities | $5.2B | $4.4B | $5.1B | $4.7B |
| Long-term debt (June 30, 2026 and December 31, 2025 include $62.8 and $67.4, respectively, related to WEPCo Environmental Trust) | $19.2B | $19.4B | $17.7B | $17.1B |
| Finance lease obligations | $415.8M | $370.4M | $364.2M | $361.8M |
| Deferred income taxes | $6.2B | $6.0B | $5.8B | $5.7B |
| Deferred revenue, net | $305.0M | $309.6M | $318.3M | $323.9M |
| Regulatory liabilities | $4.2B | $4.1B | $3.9B | $4.0B |
| Intangible liabilities | $550.3M | $565.3M | $595.0M | $609.7M |
| Environmental remediation liabilities | $466.2M | $474.3M | $438.2M | $438.9M |
| AROs | $668.6M | $660.6M | $623.2M | $616.4M |
| Other | $951.9M | $931.4M | $991.0M | $917.0M |
| Long-term liabilities | $33.0B | $32.8B | $30.7B | $30.2B |
| Common stock – $0.01 par value; 650,000,000 shares authorized; 325,849,383 and $325,461,519 shares outstanding, respectively | 3.3M | 3.3M | 3.2M | 3.2M |
| Additional paid in capital | $5.2B | $5.1B | $5.1B | $4.7B |
| Retained earnings | $9.0B | $9.0B | $8.5B | $8.5B |
| Accumulated other comprehensive loss | ($7.5M) | ($7.5M) | ($7.9M) | ($7.9M) |
| Common shareholders' equity | $14.1B | $14.1B | $13.6B | $13.2B |
| Preferred stock of subsidiary | $30.4M | $30.4M | $30.4M | $30.4M |
| Noncontrolling interests | $407.7M | $407.9M | $412.0M | $416.6M |
| Total liabilities and equity | $52.8B | $51.7B | $49.8B | $48.5B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $1.6B | $1.5B | $1.3B | $1.4B |
| Depreciation and amortization | $1.5B | $1.4B | $1.3B | $1.1B |
| Deferred income taxes and ITCs, net | $368.5M | $529.0M | $219.4M | $280.1M |
| Impairments related to Illinois segment | $130.0M | — | — | — |
| Contributions and payments related to pension and OPEB plans | ($13.7M) | ($14.5M) | ($16.7M) | ($15.1M) |
| Equity income in transmission affiliates, net of distributions | ($29.2M) | ($57.4M) | ($33.0M) | ($74.3M) |
| Accounts receivable and unbilled revenues, net | ($411.8M) | ($161.5M) | $340.6M | ($342.1M) |
| Materials, supplies, and inventories | $9.8M | ($38.0M) | $41.9M | ($171.3M) |
| Prepaid taxes | $36.1M | — | — | — |
| Collateral on deposit | ($25.4M) | $84.3M | $22.1M | ($108.1M) |
| Other current assets | $11.4M | ($75.4M) | $18.9M | ($27.7M) |
| Accounts payable | $46.4M | $99.7M | ($254.0M) | $121.5M |
| Amounts refundable to customers | $43.6M | — | — | — |
| Other current liabilities | $86.5M | $11.6M | $47.5M | $126.9M |
| Other, net | $93.2M | ($34.8M) | ($156.5M) | ($169.5M) |
| Net cash provided by operating activities | $3.4B | $3.2B | $3.0B | $2.1B |
| Capital expenditures | ($4.4B) | ($2.8B) | ($2.5B) | ($2.3B) |
| Acquisition of Hardin III, net of cash acquired of $0.2 | ($406.1M) | $0 | $0 | — |
| Acquisition of Delilah I, net of cash acquired of $0.6 | $0 | ($462.5M) | $0 | — |
| Acquisition of Maple Flats, net of cash acquired of $0.5 | $0 | ($431.2M) | — | — |
| Acquisition of West Riverside | $0 | ($97.9M) | ($95.3M) | — |
| Acquisition of Red Barn | $0 | ($2.1M) | ($143.8M) | ($382.0M) |
| Acquisition of Whitewater | $0 | $0 | ($76.0M) | $0 |
| Acquisition of Sapphire Sky, net of cash acquired of $0.3 | $0 | $0 | ($442.6M) | $0 |
| Acquisition of Samson I, net of cash acquired of $5.2 | $0 | $0 | ($257.3M) | $0 |
| Capital contributions to transmission affiliates | ($142.4M) | ($45.5M) | ($63.7M) | ($45.5M) |
| Reimbursement for ATC's transmission infrastructure upgrades | $39.8M | — | — | — |
| Other, net | $32.1M | $10.1M | ($12.6M) | $7.8M |
| Net cash used in investing activities | ($4.9B) | ($3.8B) | ($3.6B) | ($2.6B) |
| Exercise of stock options | $39.1M | $23.7M | $6.3M | $33.6M |
| Issuance of common stock, net | $761.9M | $163.4M | — | — |
| Purchase of common stock | ($1.3M) | ($3.2M) | ($16.6M) | ($69.2M) |
| Dividends paid on common stock | ($1.1B) | ($1.1B) | ($984.2M) | ($917.9M) |
| Issuance of long-term debt | $2.8B | $4.5B | $2.2B | $2.0B |
| Retirement of long-term debt | ($1.7B) | ($2.1B) | ($1.0B) | ($92.1M) |
| Change in commercial paper | $806.9M | ($902.8M) | $373.7M | ($252.6M) |
| Purchase of additional ownership interest in Samson I from noncontrolling interest | $0 | ($28.1M) | — | — |
| Payments for debt extinguishment and issuance costs | ($39.9M) | ($45.9M) | ($14.2M) | ($15.6M) |
| Other, net | ($10.5M) | ($6.1M) | ($6.0M) | ($11.8M) |
| Net cash provided by financing activities | $1.5B | $467.7M | $522.8M | $676.4M |
| Net change in cash, cash equivalents, and restricted cash | $28.7M | ($123.0M) | ($17.0M) | $94.7M |
| Cash, cash equivalents, and restricted cash at beginning of year | $42.2M | $165.2M | $182.2M | $87.5M |
| Cash, cash equivalents, and restricted cash at end of year | $70.9M | $42.2M | $165.2M | $182.2M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $1.1B | $806.1M | $1.2B | $968.5M |
| Depreciation and amortization | $764.7M | $379.8M | $1.1B | $728.8M |
| Deferred income taxes and ITCs, net | $189.9M | $27.8M | $296.2M | $220.0M |
| AFUDC-Equity | ($94.8M) | — | — | — |
| Contributions and payments related to pension and OPEB plans | ($7.2M) | ($3.8M) | ($10.3M) | ($7.1M) |
| Equity income in transmission affiliates, net of distributions | ($27.8M) | ($13.3M) | ($17.5M) | ($3.4M) |
| Accounts receivable and unbilled revenues, net | $479.5M | $77.9M | $368.0M | $136.4M |
| Materials, supplies, and inventories | $58.8M | $191.1M | ($29.4M) | $110.2M |
| Other current assets | ($39.5M) | ($10.2M) | $33.1M | $65.4M |
| Accounts payable | ($102.1M) | ($201.0M) | ($145.3M) | ($172.1M) |
| Other current liabilities | ($104.2M) | ($47.9M) | $7.1M | ($6.4M) |
| Other, net | ($13.7M) | ($90.9M) | ($39.2M) | $14.0M |
| Net cash provided by operating activities | $2.2B | $1.2B | $3.0B | $2.0B |
| Capital expenditures | ($2.1B) | ($817.9M) | ($3.1B) | ($1.5B) |
| Acquisition of Hardin III, net of cash acquired of $— and $0.2, respectively | ($3.0M) | $0 | ($406.1M) | ($406.1M) |
| Capital contributions to transmission affiliates | ($112.4M) | ($75.8M) | ($142.4M) | ($87.8M) |
| Proceeds from the sale of assets | $21.7M | $21.7M | — | — |
| Reimbursement for ATC's transmission infrastructure upgrades | $10.4M | $0 | $39.7M | $39.7M |
| Other, net | ($37.3M) | ($14.4M) | $16.5M | ($5.0M) |
| Net cash used in investing activities | ($2.2B) | ($886.4M) | ($3.6B) | ($2.0B) |
| Exercise of stock options | $9.1M | $7.4M | $37.6M | $24.7M |
| Issuance of common stock, net | $23.8M | $12.8M | $746.6M | $398.8M |
| Dividends paid on common stock | ($620.3M) | ($310.1M) | ($857.4M) | ($568.7M) |
| Issuance of long-term debt | $1.8B | $1.0B | $1.9B | $1.0B |
| Retirement of long-term debt | ($1.2B) | ($1.1B) | ($1.3B) | ($567.6M) |
| Change in commercial paper | $8.0M | $119.2M | $141.7M | ($308.0M) |
| Other, net | ($20.9M) | ($11.2M) | ($5.8M) | ($2.3M) |
| Net cash provided by (used in) financing activities | $14.8M | ($295.6M) | $691.2M | ($16.1M) |
| Net change in cash, cash equivalents, and restricted cash | $25.0M | $36.4M | $75.5M | $27.0M |
| Cash, cash equivalents, and restricted cash at beginning of period | $70.9M | $70.9M | $42.2M | $42.2M |
| Cash, cash equivalents, and restricted cash at end of period | $95.9M | $107.3M | $117.7M | $69.2M |
WEC Energy Group Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.