$WEC · WEC ENERGY GROUP, INC.
WEC Energy Group reported Q3 2026 diluted EPS of $1.18 on net income of $389.3M, up from $0.83 on $271.3M in Q3 2025. Revenue rose to $2.291B from $2.104B. The company raised and narrowed its full-year 2026 EPS guidance to $5.60–$5.64, up from the prior $5.51–$5.61 range, citing favorable weather and capital investment supported by Very Large Customers.
- Q3 diluted EPS of $1.18, up 42% from $0.83 in Q3 2025
- Q3 net income attributed to common shareholders: $389.3M vs $271.3M a year ago
- 2026 EPS guidance raised and narrowed to $5.60–$5.64 from prior $5.51–$5.61
- Retail electricity deliveries up 3.3% YoY; weather-normal basis up 0.4%
- Nine-month operating income rose to $1.98B from $1.79B in the prior-year period
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
A 42% EPS surge and a guidance raise at a $36B regulated utility is an outsized move for the sector, signaling strong capital-plan execution and VLC-driven load growth.
WEC's weather-driven volume gains and guidance raise mirror a broader regulated-utility theme of capital-plan execution and load growth from large customers (VLCs/data centers) offsetting mild rate-base headwinds.
Guidance assumes normal weather for the remainder of 2026; warmer-than-normal weather was a key Q3 tailwind, and unfavorable weather could reverse the benefit. Forward-looking risks also include regulatory rate-case outcomes, supply chain disruptions, and geopolitical tensions including the war with Iran.