WEC ENERGY GROUP, INC.

Listed Company

WECCIK 0000783325NYSELarge AcceleratedElectric & Other Services CombinedWisconsinFY ends Dec 31

Period

FY 2025

Revenue

$9.80B

Net Income

$1.56B

Total Assets

$51.52B

Equity

—

Shares Out

325.73M

Op. Cash Flow

$3.38B

WEC$113.33+6.68% · past yearDBEQ Basic

Daily closing prices

Business

WEC Energy Group is a diversified utility holding company that generates, transmits, and distributes electricity and natural gas to customers in Wisconsin, Illinois, Michigan, and Minnesota. The company operates regulated utility segments providing electric and natural gas distribution, owns and leases generation facilities through non-utility subsidiaries, holds a substantial equity stake in a regional electric transmission company, and invests in renewable energy projects. WEC's service territories span the Upper Midwest and include residential, commercial, industrial, and wholesale customers.

Summary from 10-K filed 2026-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Operating revenues	9,800	8,600	8,893	9,597	8,316
Cost of sales	3,266	2,656	3,191	4,359	3,311
Other operation and maintenance	2,401	2,158	2,101	1,938	2,006
Impairments related to Illinois segment	130	12	179	—	—
Depreciation and amortization	1,479	1,355	1,264	1,123	1,074
Property and revenue taxes	280	267	250	254	210
Total operating expenses	7,555	6,447	6,985	7,673	6,601
Operating income	2,245	2,153	1,908	1,924	1,715
Equity in earnings of transmission affiliates	216	208	178	195	158
Other income, net	108	178	178	129	133
Interest expense	895	815	727	515	—
Gain on debt extinguishments	0	−23	−500,000	0	36
Other expense	−571	−407	−372	−192	−216
Income before income taxes	1,674	1,746	1,536	1,733	1,499
Income tax expense	118	222	205	323	200
Net income	1,556	1,524	1,332	1,410	1,299
Preferred stock dividends of subsidiary	1	1	1	1	1
Net loss attributed to noncontrolling interests	3	4	1	−400,000	3
Net income attributed to common shareholders	1,558	1,527	1,332	1,408	1,300
Basic (in dollars per share)	4.84	4.83	4.22	4.46	4.12
Diluted (in dollars per share)	4.81	4.83	4.22	4.45	4.11
Basic (in shares)	322	316	315	315	315
Diluted (in shares)	324	317	316	316	316

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	28	10	43	29	16
Accounts receivable and unbilled revenues, net of reserves of $148.7 and $162.8, respectively	2,063	1,669	1,503	1,818	1,506
Materials, supplies, and inventories	803	813	775	807	636
Prepaid taxes	179	215	174	202	182
Other prepayments	92	83	77	70	63
Other	120	122	224	262	253
Current assets	3,285	2,912	2,796	3,188	2,657
Property, plant, and equipment, net of accumulated depreciation and amortization of $12,411.5 and $11,611.9, respectively	38,278	34,645	31,582	29,114	26,982
Regulatory assets (December 31, 2025 and December 31, 2024 include $67.5 and $76.5, respectively, related to WEPCo Environmental Trust)	3,156	3,340	3,250	3,265	3,265
Equity investment in transmission affiliates	2,280	2,109	2,006	1,909	1,789
Goodwill	3,053	3,053	3,053	3,053	3,053
Pension and OPEB assets	1,082	969	871	917	881
Other	384	336	383	427	361
Long-term assets	48,234	44,452	41,144	38,684	36,332
Total assets	51,518	47,363	43,940	41,872	38,989
Short-term debt	1,925	1,117	2,021	1,647	1,897
Current portion of long-term debt (December 31, 2025 and December 31, 2024 include $9.3 and $9.2, respectively, related to WEPCo Environmental Trust)	1,519	1,729	1,264	881	169
Accounts payable	1,140	1,137	897	1,198	1,006
Other	1,009	859	933	885	681
Current liabilities	5,593	4,842	5,115	4,611	3,753
Long-term debt (December 31, 2025 and December 31, 2024 include $67.4 and $76.4, respectively, related to WEPCo Environmental Trust)	18,498	17,178	15,367	14,656	13,472
Finance lease obligations	372	303	146	—	—
Deferred income taxes	5,892	5,515	4,919	4,626	4,309
Deferred revenue, net	314	335	356	371	389
Regulatory liabilities	4,121	3,958	3,698	3,736	3,946
Intangible liabilities	580	567	595	335	—
Environmental remediation liabilities	484	446	464	500	533
AROs	647	580	374	479	462
Other	963	838	835	661	1,203
Long-term liabilities	31,872	29,719	26,753	25,645	24,122
Commitments and contingencies (Note 24)	—	—	—	—	—
Common stock $0.01 par value; 650,000,000 shares authorized; 325,461,519 and 317,680,855 shares outstanding, respectively	3	3	3	3	3
Additional paid in capital	5,124	4,316	4,116	4,115	4,138
Retained earnings	8,494	8,084	7,613	7,265	6,775
Accumulated other comprehensive loss	−8	−8	−8	−7	−3
Common shareholders' equity	13,614	12,395	11,724	11,377	10,913
Preferred stock of subsidiary	30	30	30	30	30
Noncontrolling interest	409	377	317	209	170
Total liabilities and equity	51,518	47,363	43,940	41,872	38,989

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income taxes and ITCs, net	369	529	219	280	151
Contributions and payments related to pension and OPEB plans	−14	−15	−17	−15	−66
Equity income in transmission affiliates, net of distributions	−29	−57	−33	−74	−25
Accounts receivable and unbilled revenues, net	−412	−162	341	−342	−249
Materials, supplies, and inventories	10	−38	42	−171	−107
Prepaid taxes	36	−41	28	—	—
Collateral on deposit	−25	84	22	−108	5
Other current assets	11	−34	8	32	18
Accounts payable	46	100	−254	122	127
Amounts refundable to customers	44	−2	−9	—	—
Other current liabilities	87	14	57	127	−17
Other, net	93	−57	−161	−170	−93
Net cash provided by operating activities	3,379	3,212	3,018	2,061	2,033
Capital expenditures	−4,398	−2,781	−2,493	−2,315	−2,253
Acquisition of Hardin III, net of cash acquired of $0.2	−406	0	0	−382	0
Acquisition of Delilah I, net of cash acquired of $0.6	0	−463	0	0	−120
Acquisition of Maple Flats, net of cash acquired of $0.5	0	−431	0	0	—
Acquisition of West Riverside	0	−98	−95	0	0
Acquisition of Red Barn	0	−2	−144	0	0
Acquisition of Whitewater	0	0	−76	0	0
Acquisition of Sapphire Sky, net of cash acquired of $0.3	0	0	−443	0	0
Acquisition of Samson I, net of cash acquired of $5.2	0	0	−257	0	0
Capital contributions to transmission affiliates	−142	−46	−64	−46	0
Reimbursement for ATC's transmission infrastructure upgrades	40	8	100,000	—	—
Other, net	32	10	13	−11	27
Net cash used in investing activities	−4,875	−3,803	−3,558	−2,642	−2,312
Exercise of stock options	39	24	6	34	16
Issuance of common stock, net	762	163	0	0	—
Purchase of common stock	−1	−3	−17	−69	−33
Dividends paid on common stock	−1,148	−1,056	−984	−918	−855
Issuance of long-term debt	2,845	4,461	2,170	1,999	2,384
Retirement of long-term debt	−1,729	−2,138	−1,005	−92	−1,260
Change in commercial paper	807	−903	374	−253	459
Purchase of additional ownership interest in Samson I from noncontrolling interest	0	−28	0	0	—
Payments for debt extinguishment and issuance costs	−40	−46	−14	−16	−67
Other, net	−11	−6	−7	−9	−9
Net cash provided by financing activities	1,524	468	523	676	294
Net change in cash, cash equivalents, and restricted cash	29	−123	−17	95	15

Filings

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Frequently asked questions

What is WEC ENERGY GROUP, INC.'s CIK number?

WEC ENERGY GROUP, INC.'s SEC CIK number is 0000783325 (783325). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find WEC ENERGY GROUP, INC.'s SEC filings?

All of WEC ENERGY GROUP, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did WEC ENERGY GROUP, INC. last report earnings?

WEC ENERGY GROUP, INC. (WEC) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000783325-26-000049). This is WEC ENERGY GROUP, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is WEC ENERGY GROUP, INC.'s most recent earnings 8-K?

WEC ENERGY GROUP, INC.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0000783325-26-000049. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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