WEC Energy Group, Inc. earnings overview

WEC FY2026 Q1 · Calendar Q2 2026

WEC Energy Group, Inc.

WEC Energy reported fiscal Q1 2026 results that topped consensus on both EPS and revenue, with management reaffirming full-year guidance and advancing a $37.5 billion five-year capital plan anchored by surging data-center demand. The Wisconsin PSC's verbal approval of the very-large-customer (VLC) tariff provides cost certainty for hyperscaler customers like Microsoft and underpins the utility's projected 3.9 GW of data-center load over five years. Despite the beat, the stock underperformed on the report session and drifted lower in subsequent weeks, leaving it trading at a discount to analyst consensus targets.