WEC · 10-Q · 2026Q2 · Full report
Segment Revenue Performance
WEC ENERGY GROUP, INC. · 2026-08-04 · Importance 49 · Surprise 22 · In source text
Wisconsin operating revenues increased $312.7 million, or 8.6%, to $3,959.8 million for the six months ended June 30, 2026, while Illinois revenues decreased $47.0 million, or 4.4%, to $1,011.9 million. Other states operating revenues increased $32.2 million, or 10.4%, to $341.6 million, despite a $6.2 million margin decline from lower residential sales volumes. Non-utility energy infrastructure operating income increased $65.0 million to $240.6 million, supported by lower congestion costs, performance payments, reduced solar impairment losses, and higher capacity revenues. Wisconsin net income increased $74.0 million, or 13.6%, to $616.3 million, while Illinois net income increased $7.7 million, or 3.8%, to $208.4 million, and other states net income decreased $7.8 million, or 16.7%, to $38.8 million.
Key facts
- The Illinois segment's contribution to net income attributed to common shareholders was $208.4 million during the six months ended June 30, 2026, a $7.7 million, or 3.8%, increase over 2025. source
- Total electric retail sales volumes for Wisconsin were 8,984.5 MWh (in thousands) for the three months ended June 30, 2026, compared with 8,731.2 in the same quarter of 2025, an increase of 253.3. source
- Total electric sales in MWh for Wisconsin were 10,150.0 (in thousands) for the three months ended June 30, 2026, compared with 10,656.0 in the same quarter of 2025, a decrease of 506.0. source
- Total natural gas sales in therms for Wisconsin were 546.5 million for the three months ended June 30, 2026, compared with 567.5 million in the same quarter of 2025, a decrease of 21.0 million. source
- Operating revenues at the Wisconsin segment were $3,959.8 million for the six months ended June 30, 2026. source
- Operating revenues at the Illinois segment were $1,011.9 million for the six months ended June 30, 2026. source
- Wisconsin segment operating revenues for the three months ended June 30, 2026 were $1,621.5 million, compared with $1,587.2 million in the same quarter of 2025, an increase of $34.3 million. source
- Utility margin (non-GAAP) at the other states segment was $155.7 million for the six months ended June 30, 2026, a decrease of $6.1 million versus 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +0.4% | The Illinois segment's contribution to net income attributed to common shareholders was $208.4 million during the six months ended June… |
| revenue | positive | realized | — | Total electric retail sales volumes for Wisconsin were 8,984.5 MWh (in thousands) for the three months ended June 30, 2026, compared with… |
| revenue | negative | realized | — | Total electric sales in MWh for Wisconsin were 10,150.0 (in thousands) for the three months ended June 30, 2026, compared with 10,656.0 in… |