WEC Energy Group

WEC Q2 2025 Earnings

Reported Jul 30, 2025 at 7:25 AM ET · SEC Source

Q2 25 EPS

$0.76

BEAT +7.60%

Est. $0.71

Q2 25 Revenue

$2.01B

BEAT +14.58%

Est. $1.75B

vs S&P Since Q2 25

-7.3%

TRAILING MARKET

WEC +8.3% vs S&P +15.6%

Market Reaction

Did WEC Beat Earnings? Q2 2025 Results

WEC Energy Group delivered a standout second quarter, with earnings per share of $0.76 beating the $0.71 consensus estimate by 7.60% and revenue of $2.01 billion clearing Wall Street's $1.75 billion forecast by 14.58%, a 13.4% jump from the $1.77 bil… Read more WEC Energy Group delivered a standout second quarter, with earnings per share of $0.76 beating the $0.71 consensus estimate by 7.60% and revenue of $2.01 billion clearing Wall Street's $1.75 billion forecast by 14.58%, a 13.4% jump from the $1.77 billion reported in Q2 2024. Net income climbed to $245.40 million from $211.30 million a year earlier, with warm weather conditions and steady execution of the company's capital plan serving as the primary engines behind the outperformance. Operating income rose to $404.90 million from $364.80 million, as higher utility demand across customer segments more than offset a meaningful increase in cost of sales. Retail electricity deliveries ticked up 1.0% year-over-year, with residential use leading at 1.6% growth. The results come as regulated utility peers continue navigating rising capital costs and infrastructure investment cycles. Management reaffirmed its full-year 2025 EPS guidance of $5.17 to $5.27, assuming normal weather through year-end.

Key Takeaways

  • Warm start to the summer driving higher electricity demand
  • Steady execution of capital plan
  • Continued focus on operating efficiency
  • Retail electricity deliveries up 1.0% YoY (ex-iron ore mine)
  • Residential electricity use rose 1.6%
  • Small commercial and industrial electricity consumption up 0.6%
  • Large commercial and industrial electricity use up 0.8% (ex-iron ore mine)
  • Weather-normalized retail deliveries increased 1.1%
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WEC YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

“A warm start to the summer, steady execution of our capital plan and a continued focus on operating efficiency were major factors that shaped a strong quarter.”

— Scott Lauber, Q2 2025 Earnings Press Release