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WEC Energy Group Earnings Calls
| Release date | May 05, 2026 |
| EPS estimate | $2.30 |
| EPS actual | $2.45 |
| EPS Surprise | 6.52% |
| Revenue estimate | 3.321B |
| Revenue actual | 3.434B |
| Revenue Surprise | 3.40% |
| Release date | Feb 05, 2026 |
| EPS estimate | $1.39 |
| EPS actual | $1.42 |
| EPS Surprise | 2.16% |
| Revenue estimate | 2.144B |
| Revenue actual | 2.537B |
| Revenue Surprise | 18.31% |
| Release date | Oct 30, 2025 |
| EPS estimate | $0.81 |
| EPS actual | $0.83 |
| EPS Surprise | 2.47% |
| Revenue estimate | 1.894B |
| Revenue actual | 2.104B |
| Revenue Surprise | 11.11% |
| Release date | Jul 30, 2025 |
| EPS estimate | $0.705 |
| EPS actual | $0.760 |
| EPS Surprise | 7.80% |
| Revenue estimate | 1.765B |
| Revenue actual | 2.01B |
| Revenue Surprise | 13.82% |
Last 4 Quarters for WEC Energy Group
Below you can see how WEC performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 30, 2025 |
| Price on release | $108.36 |
| EPS estimate | $0.705 |
| EPS actual | $0.760 |
| EPS surprise | 7.80% |
| Date | Price |
|---|---|
| Jul 24, 2025 | $109.54 |
| Jul 25, 2025 | $109.52 |
| Jul 28, 2025 | $107.50 |
| Jul 29, 2025 | $108.63 |
| Jul 30, 2025 | $108.36 |
| Jul 31, 2025 | $109.08 |
| Aug 01, 2025 | $110.24 |
| Aug 04, 2025 | $111.27 |
| Aug 05, 2025 | $110.00 |
| 4 days before | -1.08% |
| 4 days after | 1.51% |
| On release day | 0.664% |
| Change in period | 0.420% |
| Release date | Oct 30, 2025 |
| Price on release | $112.60 |
| EPS estimate | $0.81 |
| EPS actual | $0.83 |
| EPS surprise | 2.47% |
| Date | Price |
|---|---|
| Oct 24, 2025 | $115.83 |
| Oct 27, 2025 | $116.68 |
| Oct 28, 2025 | $115.22 |
| Oct 29, 2025 | $114.58 |
| Oct 30, 2025 | $112.60 |
| Oct 31, 2025 | $111.73 |
| Nov 03, 2025 | $110.61 |
| Nov 04, 2025 | $111.87 |
| Nov 05, 2025 | $111.85 |
| 4 days before | -2.79% |
| 4 days after | -0.666% |
| On release day | -0.773% |
| Change in period | -3.44% |
| Release date | Feb 05, 2026 |
| Price on release | $111.94 |
| EPS estimate | $1.39 |
| EPS actual | $1.42 |
| EPS surprise | 2.16% |
| Date | Price |
|---|---|
| Jan 30, 2026 | $110.67 |
| Feb 02, 2026 | $109.84 |
| Feb 03, 2026 | $112.26 |
| Feb 04, 2026 | $113.33 |
| Feb 05, 2026 | $111.94 |
| Feb 06, 2026 | $111.42 |
| Feb 09, 2026 | $111.32 |
| Feb 10, 2026 | $112.92 |
| Feb 11, 2026 | $113.13 |
| 4 days before | 1.15% |
| 4 days after | 1.06% |
| On release day | -0.465% |
| Change in period | 2.22% |
| Release date | May 05, 2026 |
| Price on release | $115.22 |
| EPS estimate | $2.30 |
| EPS actual | $2.45 |
| EPS surprise | 6.52% |
| Date | Price |
|---|---|
| Apr 29, 2026 | $114.51 |
| Apr 30, 2026 | $117.94 |
| May 01, 2026 | $117.46 |
| May 04, 2026 | $116.44 |
| May 05, 2026 | $115.22 |
| May 06, 2026 | $113.94 |
| May 07, 2026 | $112.78 |
| May 08, 2026 | $111.66 |
| May 11, 2026 | $112.77 |
| 4 days before | 0.620% |
| 4 days after | -2.13% |
| On release day | -1.11% |
| Change in period | -1.52% |
WEC Energy Group Earnings Call Transcript Summary of Q1 2026
Key investor takeaways:
- Growth and capital plan: Company reaffirmed a $37.5 billion 5-year capital plan focused on low-risk, executable projects with a significant portion dedicated to very large customers (data centers). By end of 2030 ~15% of the asset base is expected to be attributable to these very large customers. Long-term EPS growth of 7%–8% CAGR (2026–2030) was reiterated, with acceleration expected starting in 2028.
- Data center opportunity: Management highlighted strong demand tied to major hyperscalers (Microsoft, Vantage) with ~1.3 GW currently in the forecast over five years for one site and site potential up to 3.5 GW. Several additional permitted/acreage-ready sites could add multiple gigawatts; more development updates expected on the Q3 call.
- Project execution and timing: Construction is underway on multiple projects (solar, battery, new gas units). Paris and Old Creek gas/CT units are expected to start coming online in late 2027. The company extended operations of two units (units 7 and 8) through 2027 for reliability/affordability.
- Regulatory progress: Wisconsin VLC tariff was verbally approved (written order expected soon) with ROE range ~10.48%–10.98% and 57% equity ratio. Rate filings for non-VOC customers for 2027–2028 were submitted; Illinois settlements were filed to resolve legacy riders and the ICC rate case process continues with decisions expected by year-end.
- Financials & guidance: Q1 2026 EPS of $2.45 (up $0.18 YoY). Management reaffirmed 2026 EPS guidance of $5.51–$5.61 (assuming normal weather). Day-to-day O&M expected to increase ~3%–5% in 2026. Common equity issuance: ~$455 million locked in Q1 (including $430M via ATM forward contracts); up to $1.1 billion expected for 2026, with any incremental capital funded ~50% with equity.
- Key risks/notes: Local opposition and municipal actions (referendum/moratoria) could complicate local economic development processes, though management believes current planned sites and capacity are secure. Timing/approval risk remains on transmission approvals and certain regulatory outcomes. Replacement of Point Beach PPA capacity is being planned with estimated capex roughly $2.0–$2.5 billion for ~1 GW (potential mix of gas, combined cycle and renewables).
