WEC · 10-Q · 2026Q2 · Full report
Non-Utility Infrastructure Performance
WEC ENERGY GROUP, INC. · 2026-08-04 · Importance 66 · Surprise 74 · No source text
Non-utility energy infrastructure net income increased $36.4 million to $118.7 million in the second quarter of 2026 from $82.3 million in the second quarter of 2025. Operating income increased $49.4 million, including a net $9.9 million benefit from lower storm-related impairment losses at the Samson I and Delilah I solar facilities and $8.0 million of business interruption insurance proceeds related to Samson I storms. WECI also benefited from an $8.0 million increase in revenue from lower congestion costs, a $6.4 million reduction in operation and maintenance expense, $6.3 million of performance payments, $4.9 million of higher capacity revenue, and $2.9 million of higher PPA revenue. Six-month segment net income increased $48.2 million to $239.3 million.
Key facts
- The acquisition of a 90% ownership interest in Hardin III occurred in February 2025 for $406.1 million, net of cash acquired of $0.2 million. source
- Non-utility energy infrastructure segment net income attributed to common shareholders was $118.7 million during the second quarter of 2026, compared with $82.3 million in the same quarter of 2025, an increase of $36.4 million. source
- Non-utility energy infrastructure operating income increased $49.4 million during the second quarter of 2026 compared with the same quarter in 2025. source
- For the six months ended June 30, 2026, non-utility energy infrastructure net income attributed to common shareholders was $239.3 million, compared with $191.1 million for the same period in 2025, an increase of $48.2 million. source
- Operating income at the non-utility energy infrastructure segment was $240.6 million for the six months ended June 30, 2026, an increase of $65.0 million versus 2025. source
- Net income attributed to common shareholders at the non-utility energy infrastructure segment was $239.3 million for the six months ended June 30, 2026, an increase of $48.2 million versus 2025. source
- Items driving WECI operating income included an $18.5 million increase in revenue related to lower congestion related costs and a $14.2 million positive impact from receipt of performance payments in 2026. source
- WECI recognized $8.0 million of business interruption insurance proceeds in the second quarter of 2026 related to storms that occurred in 2023 and 2024 at the Samson I solar facility. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +3.1% | Operating income at the non-utility energy infrastructure segment was $240.6 million for the six months ended June 30, 2026, an increase… |
| operating_income | positive | realized | +2.4% | Non-utility energy infrastructure operating income increased $49.4 million during the second quarter of 2026 compared with the same… |
| net_income | positive | realized | +2.3% | For the six months ended June 30, 2026, non-utility energy infrastructure net income attributed to common shareholders was $239.3 million,… |
| net_income | positive | realized | +1.8% | Non-utility energy infrastructure segment net income attributed to common shareholders was $118.7 million during the second quarter of… |