WEC Energy Group

WEC Q4 2025 Earnings

Reported Feb 5, 2026 at 7:27 AM ET · SEC Source

Q4 25 EPS

$1.42

BEAT +2.56%

Est. $1.38

Q4 25 Revenue

$2.54B

BEAT +16.03%

Est. $2.19B

vs S&P Since Q4 25

-3.6%

TRAILING MARKET

WEC +2.5% vs S&P +6.2%

Full Year 2025 Results

FY 25 EPS

$5.27

BEAT +0.49%

Est. $5.24

FY 25 Revenue

$9.80B

BEAT +5.26%

Est. $9.31B

Market Reaction

Did WEC Beat Earnings? Q4 2025 Results

WEC Energy Group delivered a solid beat to close out 2025, with adjusted fourth-quarter earnings of $1.42 per share edging past the $1.38 analyst consensus by 2.90%, while revenue of $2.54 billion topped estimates by 23.92% and climbed 11.1% year ove… Read more WEC Energy Group delivered a solid beat to close out 2025, with adjusted fourth-quarter earnings of $1.42 per share edging past the $1.38 analyst consensus by 2.90%, while revenue of $2.54 billion topped estimates by 23.92% and climbed 11.1% year over year. The headline numbers strip out a $205 million pre-tax charge tied to a proposed settlement with the Illinois Attorney General resolving longstanding disputes over the company's QIP and UEA utility riders, a one-time hit that dragged reported GAAP EPS down to $0.97 from $1.43 in the year-ago quarter. Beneath that noise, WEC's underlying business showed genuine momentum, with full-year adjusted EPS rising 8.0% to $5.27 and retail electricity deliveries growing 2.2% as data center demand and large customer expansion bolstered the load outlook across its regulated footprint in Wisconsin, Illinois, Michigan, and Minnesota. Management reaffirmed 2026 guidance of $5.51 to $5.61 per share and a long-term EPS compound annual growth rate of 7–8%, signaling confidence that its aggressive infrastructure investment cycle, with 2025 capital expenditures reaching $4.40 billion, will continue to generate durable returns.

Key Takeaways

  • Retail electricity deliveries (excluding iron ore mine) increased 2.2% for the full year
  • Residential electricity use increased 3.5%
  • Small commercial and industrial electricity consumption up 1.6%
  • Large commercial and industrial electricity use (excluding iron ore mine) up 1.6%
  • Natural gas deliveries in Wisconsin up 11.5% for the year
  • Adjusted EPS growth of 8.0% year-over-year for full year 2025
  • Full-year consolidated revenues increased approximately $1.2 billion
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WEC YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

“We delivered another year of solid results — from operational efficiency to customer care to financial performance.”

— Scott Lauber, Q4 2025 Earnings Press Release