Companies /Utilities
WEC Energy Group Inc
NYSE: WEC Utilities - Regulated Electric
$114.63
▲ $4.13 (+3.74%) today
Markets closed · 7:48pm ET

WEC Energy Group (WEC) Q3 2026 Earnings

Reported Oct 29, 2026, 7:27am ET · SEC source
$1.18
Beat +20.67%
EPS · est. $0.98 GAAP
$2.3B
Beat +0.80%
Revenue · est. $2.3B
7 quarters
Consecutive EPS beats

How Did WEC Stock React to Q3 2026 Earnings?

% change · around the report
0+2%Oct 28Oct 29report 7:27am ETearnings−0.8%+2.7%
0+2%Oct 28Oct 29earnings−0.8%+2.7%
WEC +2.7%S&P 500 −0.8%
−2%0+2%Oct 28Oct 29report 7:27am ETearnings−2.4%+2.7%
−2%0+2%Oct 28Oct 29earnings−2.4%+2.7%
WEC +2.7%NASDAQ −2.4%
+3.74%
Day of report

Did WEC Beat Earnings? Q3 2026 Results

Yes. WEC Energy Group reported Q3 2026 earnings of $1.18 a share on Oct 29, 2026, beating the $0.98 consensus estimate by 20.7%. Revenue was $2.3B against a $2.3B estimate.

WEC Energy Group delivered a standout third quarter, posting GAAP earnings of $1.18 per diluted share and extending its streak of consensus beats to six consecutive quarters, this time clearing the $0.98 analyst estimate by 20.67%. Revenue climbed 8.9% year over year to $2.29 billion, edging past the $2.27 billion consensus, as warmer-than-normal weather drove retail electricity deliveries up 3.3% and lifted net income to $389.30 million from $271.30 million a year earlier. CEO Scott Lauber pointed to the weather tailwind alongside disciplined execution of the company's capital plan, a program that drew $3.32 billion in year-to-date capital expenditures and is increasingly anchored by commitments from Very Large Customers, including data-center-related projects. Operating income expanded to $563.70 million from $449.60 million, while equity earnings from transmission affiliates, including American Transmission Company, rose to $65.80 million. Buoyed by those results, management raised and narrowed full-year 2026 EPS guidance to $5.60 to $5.64, from a prior range of $5.51 to $5.61, assuming normal weather for the remainder of the year.

Key Takeaways
  • Warmer-than-normal weather
  • Execution of capital plan
  • Operating efficiency
  • Retail electricity deliveries up 3.3% (excluding iron ore mine and VLCs)
  • Residential electricity use up 5.1%
  • Small commercial and industrial electricity use up 3.5%
  • Large commercial and industrial electricity use up 1.0% (excluding iron ore mine and VLCs)
  • Weather-normal retail deliveries up 0.4%
  • Equity earnings in transmission affiliates of $65.8 million vs $54.8 million
  • Other income, net of $49.5 million vs $23.8 million

“Our strong results were driven by warmer-than-normal weather, execution of our capital plan and operating efficiency.”

WEC Energy Group CEO, on the earnings call

What Is WEC Energy Group's Outlook?

WEC raised and narrowed its 2026 earnings guidance to $5.60–$5.64 per share, from $5.51–$5.61, largely due to favorable weather and capital investment supported by Very Large Customers. The guidance assumes normal weather for the remainder of the year.

WEC YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$700.0M$1.4B$2.1B$2.1B$2.3BRevenue$449.6M$563.7MOperating Income$271.3M$389.3MNet Income
$0$700.0M$1.4B$2.1BRevenueOperating IncomeNet Income
WEC income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $2.3B $2.1B +8.9%
Operating Income $563.7M $449.6M +25.4%
Net Income $389.3M $271.3M +43.5%

When Does WEC Energy Group Report Next?

Expected report date
Before the open
Release timing

Figures from SEC filings and company reports. Not investment advice.