WEC · 10-Q · 2026Q3 · Full report
Financing and Dividends
WEC ENERGY GROUP, INC. · 2026-10-30 · Importance 69 · Surprise 64 · Contradicted
Net cash provided by financing activities decreased $444.9 million to $246.3 million for the nine months ended September 30, 2026. Cash declined by $364.1 million from lower common-stock issuances and by $272.6 million from higher long-term debt retirements, while increased long-term debt issuance added $451.0 million compared with the prior-year period. The company paid $73.4 million more in common-stock dividends year over year; in January 2026, the board raised the quarterly dividend by $0.06 per share, or 6.7%, effective with the March payment. The quarterly dividend rate was $0.9525 per share, equivalent to $3.81 annually.
Key facts
- WEC Energy Group's net cash provided by financing activities decreased $444.9 million during the nine months ended September 30, 2026, compared with 2025. source
- WEC Energy Group's cash increased $451.0 million from issuing more long-term debt during the nine months ended September 30, 2026, compared with 2025. source
- WECI issued a $100.0 million long-term intercompany note to WEC Energy Group in April 2026, increasing its interest expense by $1.3 million in the quarter. source
- PGL’s Series VV and Series ZZ mortgage bonds were redeemed in March 2026, contributing to a $0.7 million decrease in Illinois segment interest expense. source
- Wisconsin interest expense increased $20.5 million, primarily due to long-term debt issuances in 2025 and 2026 and higher average short-term debt balances. source
- Illinois interest expense decreased $3.8 million due to PGL's Series VV and Series ZZ mortgage bond redemptions in March 2026 and lower average short-term debt interest rates. source
- Wisconsin segment interest expense increased $16.1 million in third-quarter 2026, primarily due to long-term debt issuances in the fourth quarter of 2025 and 2026. source
- WEC Energy Group's long-term debt at September 30, 2026 included $600.0 million principal amount of 2025 Junior Notes due 2056 and $750.0 million principal amount of 2024 Junior Notes due 2055. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +0.8% | WEC Energy Group's cash increased $451.0 million from issuing more long-term debt during the nine months ended September 30, 2026,… |
| liability | negative | realized | -0.8% | WEC Energy Group's cash increased $451.0 million from issuing more long-term debt during the nine months ended September 30, 2026,… |
| cash | negative | realized | -0.8% | WEC Energy Group's net cash provided by financing activities decreased $444.9 million during the nine months ended September 30, 2026,… |