WEC
WEC Energy Group, Inc.104.48
-0.78-0.74%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Microsoft expansion hints deepen
Q&A unpacked Microsoft data center upside beyond the announced 500MW, with multiyear ramps north of Highway 11 and untapped land parcels tantalizingly vague—management stayed mum to not outrun their partner. Point Beach PPA expiry in 2030/2033 emerged as capex tailwind, with replacement options in hand. Hyperscaler pipeline buzzed amid local pushback, bolstered by VLC tariff transparency. Illinois settlement unpacked $125M customer credits over three years, yet growth reaffirmed 7-8% EPS trajectory. More to come.
Key Stats
Market Cap
33.99BP/E (TTM)
19.79Basic EPS (TTM)
5.28Dividend Yield
0.03%Recent Filings
8-K
WEC ups capex to $37.5B
WEC Energy Group released its March 2026 investor update, boosting the 2026-2030 capital plan to $37.5 billion from $36.5 billion to fuel data center demand and renewables. Key highlights include a proposed Illinois settlement resolving $2.3 billion in dockets with $130 million rate base cut and $125 million cash credits, plus Peoples Gas rate case seeking $201.3 million increase for 2027. Capital supports 7.0%-8.0% long-term EPS growth. Settlement awaits ICC approval.
8-K
Issues $400M additional notes
WEC Energy Group issued $400 million in additional 4.75% senior notes due January 15, 2028, on February 23, 2026, via underwriters BofA Securities and U.S. Bancorp Investments. This ups total outstanding 2028 notes to $850 million, same series as the original $450 million from January 2023. Debt grows modestly. No use of proceeds disclosed.
10-K
FY2025 results
WEC Energy Group posted FY2025 net income attributed to common shareholders of $1,557.5 million, up $30.3 million y/y, with Wisconsin utilities driving gains via PSCW-approved rate hikes effective January 1 lifting margins $402.4 million while colder weather boosted retail sales 1.9% y/y. Q4 accelerated momentum as Darien Solar (225 MW) and Paris Battery (99 MW) hit commercial operation, PTCs swelled from new WECI assets like Hardin III, yet Illinois cratered $130 million on a $205 million QIP/UEA settlement charge. Debt swelled to $21.9B year-end amid $4.4B capex, but cash from ops hit $3.4B. Q4 peaked natural gas throughput at 24.2 million therms. Regulators could nix VLC tariff backing data center boom.
8-K
WEC ups capex $1B on data centers
WEC Energy Group released its February 2026 investor update, unveiling a $37.5 billion 2026-2030 capital plan—up $1 billion—fueled by data center demand adding 3.9 GW in Wisconsin. Dividend hiked 6.7% to $3.81 annualized; 2026 adjusted EPS guided at $5.51-$5.61, targeting 7-8% long-term growth. Plan locked in regulated assets. Illinois settlement proposes $2.3 billion resolution.
8-K
2025 earnings up, guidance firm
WEC Energy Group reported 2025 GAAP net income of $1.6B ($4.81/share), up from $1.5B ($4.83/share) in 2024, but adjusted earnings climbed 8.0% to $5.27/share after excluding a $205M pre-tax Illinois settlement charge. Revenues hit $9.8B, fueled by 2.2% retail electricity growth; natural gas deliveries surged 11.5%. Guidance holds at $5.51-$5.61/share for 2026. Dividend up 6.7%. Solid execution.
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