WEC · 10-Q · 2026Q2 · Full report

Wisconsin Segment Performance

WEC ENERGY GROUP, INC. · 2026-08-04 · Importance 47 · Surprise 22 · In source text

Wisconsin segment net income increased $25.8 million, or 14.1%, to $208.2 million in the second quarter of 2026 from $182.4 million in the second quarter of 2025. Operating revenues increased $34.3 million to $1,621.5 million, including a $52.2 million increase in electric revenues partly offset by a $17.9 million decrease in natural gas revenues. Utility margin increased $56.4 million to $1,123.4 million, driven by a $44.2 million benefit from PSCW rate orders and a $10.8 million current return on construction carrying costs for bespoke resources assigned to very large customers. Gross margin increased only $7.9 million because depreciation and amortization rose $17.9 million, transmission expense rose $16.0 million, and property and revenue taxes rose $4.0 million.

Key facts

• Wisconsin segment net income attributed to common shareholders was $208.2 million during the second quarter of 2026, representing a $25.8 million, or 14.1%, increase over the same quarter in 2025. source
• Wisconsin segment net income increased $74.0 million, or 13.6%, over the same period in 2025. source
• For the six months ended June 30, 2026, Wisconsin segment net income attributed to common shareholders was $616.3 million, compared with $542.3 million for the same period in 2025, an increase of $74.0 million. source
• The Wisconsin segment's contribution to net income attributed to common shareholders was $616.3 million during the six months ended June 30, 2026. source

Impact estimates