Skip to content
AnalystLens

Wec Energy Group 8-K Report, Financial Results (Jul 30, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 30, 2025
Period End
July 30, 2025
Security
WEC
In the record · 2016–202610-K1110-Q338-K260

WEC filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 260 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Oct ’20Oct ’20
  2. Leadership change8-K · Oct ’22Oct ’22
  3. Material agreement8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed July 30, 2025. Cited figures are marked; the original filing is the authoritative source.

WEC Energy Group, Inc. filed a Form 8-K on July 30, 2025 furnishing its press release (Exhibit 99.1) announcing results for the quarter and six months ended June 30, 2025.

The company reported net income attributed to common shareholders of $245.4 milliona, or 76 cents per diluted share, for the second quarter of 2025, up from $211.3 million, or 67 cents per share, a year earlier. For the first six months of 2025, net income attributed to common shareholders was $969.6 million, or $3.02 per diluted share, compared with $833.6 million, or $2.64 per share, in the same period of 2024. Consolidated revenues for the first half were $5.2 billion, up $706.8 million from the first half of 2024.

Operationally, retail electricity deliveries excluding the iron ore mine in Michigan's Upper Peninsula rose 1.0 percent in the second quarter, with residential use up 1.6 percent, small commercial and industrial use up 0.6 percent, and large commercial and industrial use up 0.8 percent. On a weather-normal basis, deliveries increased 1.1 percent. Management reaffirmed its 2025 earnings guidance of $5.17 to $5.27b per share, assuming normal weather for the rest of the year.

Cash flow data show net cash provided by operating activities of $2.02 billionc for the first six months, against capital expenditures of $1.53 billion, and an acquisition of the Hardin Solar III Energy Center for $406.1 million net of cash acquired. The balance sheet at June 30, 2025 showed total assets of $48.52 billion, long-term debt of $17.11 billion, and common shareholders' equity of $13.22 billion, with shares outstanding rising to 321,866,395 from 317,680,855 at year-end 2024. Dividends per common share were $0.8925 for the quarter and $1.7850 for the first half.

02—Key points

Key Highlights

  1. Q2 2025 net income attributed to common shareholders was $245.4 million, or $0.76 per diluted share, versus $211.3 million, or $0.67 per share, in Q2 2024.
  2. First-half 2025 net income attributed to common shareholders was $969.6 million, or $3.02 per diluted share, versus $833.6 million, or $2.64 per share, a year earlier.
  3. Consolidated revenues for the first six months of 2025 were $5.2 billion, up $706.8 million from the first half of 2024.
  4. 2025 earnings guidance of $5.17 to $5.27 per share was reaffirmed, assuming normal weather for the remainder of the year.
  5. Retail electricity deliveries excluding the Michigan iron ore mine rose 1.0 percent in Q2 2025 (1.1 percent weather-normal), with residential use up 1.6 percent.
  6. Capital expenditures were $1.53 billion in the first six months of 2025, and the company acquired the Hardin Solar III Energy Center for $406.1 million net of cash acquired.
  7. Common shares outstanding increased to 321,866,395 at June 30, 2025 from 317,680,855 at December 31, 2024, and total assets reached $48.52 billion.

03—Questions

Frequently Asked Questions

  1. How did WEC Energy Group perform in the second quarter of 2025?

    Net income attributed to common shareholders was $245.4 million, or $0.76 per diluted share, compared with $211.3 million, or $0.67 per share, in the second quarter of 2024. Quarterly operating revenues were $2,009.5 million, up from $1,772.0 million a year earlier.

  2. Did WEC change its 2025 earnings guidance?

    No. The company reaffirmed its 2025 earnings guidance of $5.17 to $5.27 per share. The guidance assumes normal weather for the rest of the year.

  3. What drove electricity demand in the second quarter?

    Retail electricity deliveries, excluding the iron ore mine in Michigan's Upper Peninsula, increased 1.0 percent. Residential use rose 1.6 percent, small commercial and industrial use rose 0.6 percent, and large commercial and industrial use rose 0.8 percent. Management said a warm start to the summer was a factor in the quarter.

  4. What major investment or acquisition did WEC make in the first half of 2025?

    WEC acquired the Hardin Solar III Energy Center for $406.1 million, net of cash acquired of $0.2 million. Capital expenditures for the first six months totaled $1,530.5 million, and capital contributions to transmission affiliates were $87.8 million.

  5. Where can investors find the detailed financial information behind the earnings release?

    The press release states that the company would post a package of detailed financial information on its second-quarter performance on its website at 6:30 a.m. Central time on July 30, 2025, and that a conference call was held at 1 p.m. Central time the same day.

04—Continue

← View all 8-K filings