01—Abstract
Summary
Summary of the 8-K filed July 29, 2026. Cited figures are marked; the original filing is the authoritative source.
WEC Energy Group, Inc. reported second-quarter 2026 net income attributed to common shareholders of $299.2 milliona, or 91 cents per diluted share, up from $245.4 million, or 76 cents per share, in the second quarter of 2025.
For the first six months of 2026, net income attributed to common shareholders was $1.1 billionb, or $3.36 per diluted share, compared with $969.6 million, or $3.02 per share, a year earlier. Consolidated revenues for the first half totaled $5.5 billion, up $337.3 million from the first half of 2025. The company reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the remainder of the year.
On the sales side, retail electricity deliveries excluding the Michigan iron ore mine and Wisconsin Very Large Customers were essentially flat in the second quarter versus a year ago. Large commercial and industrial use rose 0.9 percent, small commercial and industrial use fell 0.2 percent, and residential use decreased 1.1 percent. On a weather-normal basis, deliveries on the same basis increased 1.2 percent.
The balance sheet and cash flow data show heavy investment activity. For the six months ended June 30, 2026, capital expenditures were $2.08 billionc, compared with $1.53 billion a year earlier, and net cash provided by operating activities was $2.21 billion.
Long-term debt rose to $19.2 billiond from $18.5 billion at December 31, 2025, and total assets reached $52.75 billion. The filing itself is a Form 8-K furnishing the earnings press release under Item 2.02.
02—Key points
Key Highlights
- Q2 2026 net income attributed to common shareholders of $299.2 million ($0.91 diluted EPS), up from $245.4 million ($0.76) in Q2 2025
- First-half 2026 net income attributed to common shareholders of $1,103.6 million ($3.36 diluted EPS), versus $969.6 million ($3.02) in the first half of 2025
- First-half consolidated revenues of $5.5 billion, up $337.3 million year over year
- 2026 EPS guidance of $5.51 to $5.61 per share reaffirmed, assuming normal weather for the rest of the year
- Retail electricity deliveries were essentially flat in Q2; weather-normal deliveries rose 1.2 percent, with large C&I up 0.9 percent and residential down 1.1 percent
- Capital expenditures of $2,079.9 million in the first six months of 2026, up from $1,530.5 million a year earlier
- Long-term debt increased to $19,216.3 million at June 30, 2026, from $18,498.1 million at December 31, 2025
03—Questions
Frequently Asked Questions
How did WEC Energy Group perform in the second quarter of 2026?
Net income attributed to common shareholders was $299.2 million, or 91 cents per diluted share, compared with $245.4 million, or 76 cents per share, in the second quarter of 2025.
Did WEC change its 2026 earnings guidance?
No. The company reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, which assumes normal weather for the remainder of the year.
How did electricity demand trend in the quarter?
Retail electricity deliveries, excluding the Michigan iron ore mine and Wisconsin Very Large Customers, were essentially flat. Large commercial and industrial use increased 0.9 percent, small commercial and industrial use decreased 0.2 percent, and residential use decreased 1.1 percent. On a weather-normal basis, deliveries increased 1.2 percent.
How much is WEC investing in its infrastructure?
Capital expenditures were $2,079.9 million for the six months ended June 30, 2026, compared with $1,530.5 million for the same period in 2025.
What is the filing and what does it include?
This Form 8-K, filed July 29, 2026 under Item 2.02, furnishes as Exhibit 99.1 the company's press release announcing results for the quarter and six months ended June 30, 2026, along with condensed consolidated income statements, balance sheets and cash flow statements.
04—Continue