WEC Energy Group Inc

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.