WEC Energy Group (WEC) Q1 2026 Earnings
How Did WEC Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +1.90%.
Did WEC Beat Earnings? Q1 2026 Results
Yes. WEC Energy Group reported Q1 2026 earnings of $2.45 a share on May 5, 2026, beating the $2.33 consensus estimate by 5.3%. Revenue was $3.4B against a $3.4B estimate.
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.
- 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
“The continued execution of our capital plan and focus on operating efficiencies led to solid first-quarter results.”
WEC Energy Group CEO, on the earnings call
What Was WEC Energy Group's Outlook in Q1 2026?
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
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $3.4B | $3.1B | +9.0% |
| Gross Profit | $2.0B | $1.4B | +48.5% |
| Operating Income | $980.0M | $937.5M | +4.5% |
| Net Income | $804.4M | $724.5M | +11.0% |
Figures from SEC filings and company reports. Not investment advice.