Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
WEC Energy Group delivered strong second quarter fiscal 2026 results, with net income climbing over 20% compared to the prior year. The growth was driven by rate relief in Wisconsin and a sharp improvement in the non-utility energy infrastructure segment, which benefited from better market conditions and lower costs. However, milder spring weather and higher operating expenses, including regulatory amortizations, partially offset these gains. The company's capital plan and large-scale customer commitments, such as the Microsoft data center project, underscore a long-term growth trajectory, though execution and regulatory outcomes remain key factors to monitor.
Revenue
$2.06B
+2.62% YoY
Operating Income
$432.8M
+6.89% YoY
Source: SEC XBRL
Wec Energy Group (WEC) reported Q2 FY2026 revenue of $2.06B, up 2.6% year over year. Operating margin was 21.0%, up 0.9 points from 20.1% a year earlier. WEC's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 0.91 | 0.82 | Beat +10.5% |
| Mar 2026 | 2.45 | 2.30 | Beat +6.7% |
| Dec 2025 | 0.97 | 1.41 | Miss -31.3% |
| Sep 2025 | 0.83 | 0.82 | Beat +1.8% |
Reported EPS of $0.91 versus the $0.82 analyst consensus — a +10.5% beat for Jun 2026.
Compiled by AI from 10-Q Item 2 of this filing
Microsoft has committed over $20 billion for data centers in southeastern Wisconsin, with the first phase operational in April 2026, and Vantage Data Centers planning up to 3.5 GW of demand; the PSCW approved new VLC and Bespoke Resources tariffs to accommodate these large customers.
Source: 10-Q Item 2 MD&A
Wisconsin rate orders effective January 1, 2026, drove a significant portion of the $25.8 million increase in Wisconsin segment earnings during the quarter.
Source: 10-Q Item 2 MD&A
The non-utility energy infrastructure segment contributed an additional $36.4 million to net income, driven by improved market conditions, lower operating costs, and reduced storm damage losses.
Source: 10-Q Item 2 MD&A
The company plans to invest $37.5 billion from 2026 to 2030, including $6.1 billion for natural gas generation, $12.6 billion for renewables, and $2.9 billion for battery storage; construction of an LNG facility with 2 Bcf storage capacity has been approved.
Source: 10-Q Item 2 MD&A
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
WEC's earnings are highly sensitive to regulatory rate decisions, as illustrated by the Wisconsin rate order that contributed to earnings growth this quarter; any unfavorable future rate outcomes could pressure margins.
Source: 10-Q Income Statement (XBRL)
Long-term debt increased by 12.3% year-over-year to $19.2 billion, and interest expense is expected to remain elevated, particularly if interest rates rise further.
Source: 10-Q Balance Sheet (XBRL)
With a current ratio of 0.53 and cash equivalents of only $50 million, the company relies on continued access to capital markets to meet short-term obligations and fund operations.
Source: 10-Q Balance Sheet (XBRL)
The $37.5 billion capital plan requires substantial execution across multiple large-scale projects; delays or cost overruns could strain financial resources and delay returns.
Source: 10-Q Cash Flow Statement (XBRL)
Revenue growth is modest and sensitive to weather patterns, as seen in this quarter where unfavorable spring weather partially offset rate-driven gains, highlighting earnings vulnerability to external factors.
Source: 10-Q Income Statement (XBRL)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 2.06 $B | 2.01 $B | +2.62% |
Cost of Revenue $M | 555.60 $M | 570.50 $M | -2.61% |
Operating Income $M | 432.80 $M | 404.90 $M | +6.89% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
WEC Energy Group delivered solid Q1 2026 revenue growth of 9.0% to $3.43B, driven by higher utility revenues, though rising costs and expanding long-term debt of $19.4B warrant close monitoring.
WEC Energy Group reported FY2025 revenue of $9.80B (+14.0% YoY), driven by strong top-line growth, though operating margin compressed to 22.9% from 25.0% as cost of revenue rose 23.0% and capital investment spending surged.
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