WEC · 10-Q · 2026Q2

WEC ENERGY GROUP, INC.

Filed 2026-08-04 · Utilities · View original filing on EDGAR

Ranked Events

• Capital Expenditure ProgramImportance 88 · Surprise 74
  WEC Energy Group spent $2,079.9 million on capital expenditures in the six months ended June 30, 2026, up $549.4 million from $1,530.5 million in 2025. Wisconsin expenditures increased $515.7 million to $1,832.1…
• Capital Expenditure OutlookImportance 86 · Surprise 74
  WEC Energy Group estimates total capital expenditures and acquisitions of $5.018 billion in 2026, $6.950 billion in 2027, and $6.966 billion in 2028. Wisconsin accounts for $4.223 billion, $5.953 billion, and $5.950…
• Gas Infrastructure ReplacementImportance 71 · Surprise 60
  The Illinois Commerce Commission (ICC) directed PGL in February 2025 to retire all cast- and ductile-iron pipes with diameters below 36 inches by January 1, 2035. PGL is pursuing the replacements through its Pipeline…
• Non-Utility Infrastructure PerformanceImportance 66 · Surprise 74
  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…
• Transmission Infrastructure InvestmentImportance 64 · Surprise 42
  WEC expects to provide approximately $645 million of capital contributions to American Transmission Company (ATC) from 2026 through 2028. Its share of MISO Tranche 1 and Tranche 2.1 investments is estimated at…
• Manufacturing Capacity ExpansionImportance 64 · Surprise 42
  WEC expects substantial new generation capacity will be required to support forecasted electric demand from data centers and modern manufacturing facilities. The company plans to invest approximately $6.1 billion from…
• Regulated Capital Investment PlanImportance 64 · Surprise 42
  WEC expects total regulated utility capital expenditures of approximately $33.4 billion from 2026 through 2030 and forecasts its share of ATC capital expenditures at approximately $4.1 billion over the same five-year…
• Gross Margin DriversImportance 63 · Surprise 50
  Wisconsin GAAP gross margin increased $39.6 million to $1,208.7 million, while utility margin increased $130.8 million to $2,488.9 million for the six months ended June 30, 2026. Wisconsin rate orders effective January…
• Data Center Load GrowthImportance 60 · Surprise 42
  Economic growth continues in WEC Energy Group’s Wisconsin service territories, with companies investing in data centers and modern manufacturing facilities. Microsoft has announced plans to invest over $20 billion in…
• Grid Modernization and ReliabilityImportance 58 · Surprise 42
  WEC plans approximately $2.9 billion of battery-energy-storage investments from 2026 through 2030 to capture excess power and release it during peak demand or weather-related and other unexpected disruptions. The PSCW…
• Rate Case OutcomesImportance 53 · Surprise 60
  Wisconsin rate orders approved by the PSCW became effective January 1, 2026 and increased second-quarter Wisconsin utility margin by $44.2 million. The orders also authorized higher transmission expense, which…
• Revenue Performance and MixImportance 52 · Surprise 30
  Net income attributed to common shareholders increased $53.8 million, or 21.9%, to $299.2 million in the second quarter of 2026 from $245.4 million in the second quarter of 2025. Diluted EPS increased $0.15 to $0.91…
• Segment Revenue PerformanceImportance 49 · Surprise 22
  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 Expense TrendsImportance 48 · Surprise 40
  Wisconsin other operating expenses increased $125.3 million year over year, including $49.3 million of higher regulatory amortizations and pass-through expenses, $37.0 million of higher depreciation and amortization,…
• Wisconsin Segment PerformanceImportance 47 · Surprise 22
  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…
• Supply Chain DiversificationImportance 40 · Surprise 42
  WEC is diversifying natural gas supply and storage resources to address peak-day system constraints. The planned LNG facility at the OCPP site will provide two Bcf of storage capacity, while additional proposed…
• Trade Policy and Supply Chain ImpactsImportance 37 · Surprise 42
  The U.S. Department of Commerce and U.S. International Trade Commission imposed duties beginning in June 2024 on certain solar-cell imports from Malaysia, Vietnam, Thailand, and Cambodia after finding that Chinese…
• Renewable Generation TransitionImportance 37 · Surprise 42
  WEC expects to retire older fossil-fueled generation and replace it with natural-gas generation and zero-carbon-emitting renewable resources to comply with EPA regulations established under the Clean Air Act and reduce…
• Weather Impact on DemandImportance 35 · Surprise 48
  Unfavorable spring weather reduced Wisconsin second-quarter 2026 margins by $20.4 million compared with the second quarter of 2025. The combined WE and WG service area experienced heating degree days 20.4% below the…
• Renewable Energy TransitionImportance 31 · Surprise 42
  The Infrastructure Investment and Jobs Act provides approximately $1.2 trillion of federal spending through 2026, including approximately $85 billion for U.S. power, utility, and renewable infrastructure, supporting…

Revenue by Product (in millions)

Revenue by Geography (in millions)