Q1 26 EPS
$2.45
BEAT +5.33%
Est. $2.33
Q1 26 Revenue
$3.43B
BEAT +0.49%
Est. $3.42B
vs S&P Since Q1 26
-2.0%
TRAILING MARKET
WEC -0.7% vs S&P +1.3%
Market Reaction
Did WEC Beat Earnings? Q1 2026 Results
WEC Energy Group kicked off 2026 with a clean beat on both the top and bottom lines, marking its fourth consecutive quarter of exceeding Wall Street's EPS expectations. The Milwaukee-based regulated utility posted first-quarter earnings of $2.45 per … Read more WEC Energy Group kicked off 2026 with a clean beat on both the top and bottom lines, marking its fourth consecutive quarter of exceeding Wall Street's EPS expectations. The Milwaukee-based regulated utility posted first-quarter earnings of $2.45 per diluted share, clearing the $2.33 consensus estimate by 5.33%, while revenue of $3.43 billion edged past the $3.42 billion forecast and grew 9.0% from the year-ago period. Net income attributable to common shareholders climbed to $804.40 million from $724.20 million, with continued execution of the company's capital investment program cited as a primary driver; capital expenditures surged to $817.90 million in the quarter, up from $701.10 million a year ago, reflecting accelerated infrastructure buildout to serve data centers and other large-scale customers. Retail electricity deliveries grew 1.1% year-over-year, lending further support to the revenue line. With the strong start in hand, management reaffirmed full-year 2026 EPS guidance of $5.51 to $5.61 per share, assuming normal weather conditions for the remainder of the year.
Key Takeaways
- • Continued execution of capital plan
- • Focus on operating efficiencies
- • Retail electricity deliveries up 1.1% YoY (ex-iron ore mine), 1.3% on weather-normal basis
- • Large commercial and industrial electricity use up 2.7%
- • Small commercial and industrial electricity consumption up 0.7%
- • Residential electricity use up 0.2%
- • Equity in earnings of transmission affiliates rose to $59.5 million from $53.6 million
- • Other income, net increased to $48.2 million from $18.1 million
WEC Forward Guidance & Outlook
WEC Energy Group reaffirmed its 2026 full-year earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the remainder of the year. The company continues to execute its capital plan and build for a growing economy.
WEC YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“The continued execution of our capital plan and focus on operating efficiencies led to solid first-quarter results.”
— Scott Lauber, Q1 2026 Earnings Press Release
WEC Earnings Trends
WEC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WEC EPS Trend
Earnings per share: estimate vs actual
WEC Revenue Trend
Quarterly revenue: estimate vs actual
WEC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $2.33 | $2.45 | +5.33% | $3.43B | +0.49% |
| Q4 25 BEAT FY | $1.38 | $1.42 | +2.56% | $2.54B | +16.03% |
| FY Full Year | $5.24 | $5.27 | +0.49% | $9.80B | +5.26% |
| Q3 25 BEAT | $0.81 | $0.83 | +2.22% | $2.10B | +10.85% |
| Q2 25 BEAT | $0.71 | $0.76 | +7.60% | $2.01B | +14.58% |
| Q1 25 BEAT | $2.18 | $2.27 | +4.32% | $3.15B | +12.12% |