WEC · 10-Q · 2026Q2 · Full report
Financing and Dividends
WEC ENERGY GROUP, INC. · 2026-08-04 · Importance 29 · Surprise 64 · In source text
Net cash related to financing activities increased $30.9 million in the six months ended June 30, 2026, to $14.8 million from a $16.1 million use in 2025. Long-term debt issuance provided $779.2 million more cash, and commercial-paper activity shifted to $8.0 million of net borrowings from $308.0 million of net repayments. These inflows were partly offset by $621.5 million of additional long-term-debt retirements and $375.0 million of lower common-stock issuance. The board increased the quarterly dividend by $0.06 per share, or 6.7%, effective with the March 2026 payment, bringing the current rate to $0.9525 per share, or $3.81 annually.
Key facts
- WECI issued a $100.0 million long-term intercompany note to WEC Energy Group in April 2026, resulting in a $2.1 million increase in interest expense at WECI. source
- During the six months ended June 30, 2026, we issued long-term debt that increased cash by $779.2 million versus the same period in 2025. source
- In January 2026, the Board increased the quarterly dividend by $0.06 per share (6.7%) effective with the March 2026 dividend payment. source
- Corporate and other segment net loss attributed to common shareholders was $(92.6) million during the second quarter of 2026, compared with $(81.0) million in the same quarter in 2025, an increase in loss of $11.6 million. source
- Interest expense at the Wisconsin segment increased $3.9 million during the second quarter of 2026 compared with the same quarter in 2025, primarily due to long-term debt issuances in 2025 and 2026. source
- Dividends paid on common stock increased cash outflows by $51.6 million during the six months ended June 30, 2026, compared with the same period in 2025. source
- Interest expense at the Wisconsin segment increased $4.4 million during the six months ended June 30, 2026, compared with the same period in 2025. source
- Net cash related to financing activities was $14.8 million for the six months ended June 30, 2026, an increase of $30.9 million versus 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +1.5% | During the six months ended June 30, 2026, we issued long-term debt that increased cash by $779.2 million versus the same period in 2025. |
| liability | negative | realized | -1.5% | During the six months ended June 30, 2026, we issued long-term debt that increased cash by $779.2 million versus the same period in 2025. |