WEC Energy Group, Inc.

Performance Summary

WEC Energy Group delivered solid financial results for fiscal year 2025, with operating revenues of $9.80 billion and net income attributable to common shareholders of $1.56 billion. The company achieved operating income of $2.24 billion, representing an operating margin of 22.9%. Earnings per share were $5.00 on both a basic and diluted basis. Key expense components included cost of sales ($3.27 billion), other operation and maintenance ($2.40 billion), depreciation and amortization ($1.48 billion), and property and revenue taxes ($280.1 million). The company recorded impairments related to its Illinois segment of $130.0 million. Other significant items included equity in earnings of transmission affiliates ($215.8 million), other income net ($107.9 million), and interest expense ($895.1 million). Income tax expense was $118.0 million.

Revenue Analysis

The company's revenue structure shows operating revenues of $9.80 billion for fiscal year 2025. The source data does not provide segment breakdowns, geographic mix, or specific growth drivers beyond the aggregate revenue figure. No comparative prior period revenue data is provided in the XBRL data or document text, preventing year-over-year growth analysis. The revenue appears to be derived from the company's core utility operations, though specific customer segments or geographic contributions are not disclosed in the provided information.

Margins & Profitability

WEC Energy Group demonstrated strong profitability metrics with an operating margin of 22.9% based on operating income of $2.24 billion and operating revenues of $9.80 billion. The company's cost structure included significant operating expenses totaling $7.56 billion, comprising cost of sales ($3.27 billion), other operation and maintenance ($2.40 billion), impairments related to Illinois segment ($130.0 million), depreciation and amortization ($1.48 billion), and property and revenue taxes ($280.1 million). Net income margin stood at 15.9% based on net income of $1.56 billion relative to operating revenues. The company's profitability was supported by equity earnings from transmission affiliates ($215.8 million) and other income ($107.9 million), partially offset by substantial interest expense ($895.1 million).

Cash Flow & Balance Sheet

The company generated robust operating cash flow of $3.38 billion, significantly exceeding net income of $1.56 billion due to non-cash items including depreciation and amortization ($1.48 billion), deferred income taxes and ITCs net ($368.5 million), and impairments ($130.0 million). Investing activities consumed $4.87 billion, primarily for capital expenditures ($4.40 billion) and the acquisition of Hardin III ($406.1 million). Financing activities provided $1.52 billion through issuance of long-term debt ($2.84 billion) and common stock ($761.9 million), partially offset by dividend payments ($1.15 billion) and debt retirements ($1.73 billion). The balance sheet shows total assets of $51.52 billion, dominated by property, plant, and equipment net ($38.28 billion). Total liabilities were $37.46 billion, including long-term debt ($18.50 billion) and current liabilities ($5.59 billion). Common shareholders' equity stood at $13.61 billion, resulting in a debt-to-equity ratio of approximately 1.38:1.

Outlook

The provided XBRL data and document text do not include management guidance, strategic priorities, or specific risk factors for future periods. No forward-looking statements, capital expenditure plans beyond the reported $4.40 billion, or earnings guidance are disclosed in the source material. The company's significant investments in capital expenditures ($4.40 billion) and acquisitions ($406.1 million for Hardin III) suggest continued focus on infrastructure development, but specific future plans are not detailed. The absence of comparative prior period data prevents assessment of growth trends or future trajectory based on the provided information.