WEC Energy Group, Inc. · WEC · Next earnings

WEC Energy Group, Inc. reports Thursday, Oct 29, 2026

WEC reports before market open with consensus EPS at $0.91 and revenue at $2.20B. Last quarter: WEC Energy Beats Q1 Estimates, Reaffirms Guidance as Data-Center Demand Accelerates

Reports Before market open39 days awayDate estimated Utilities

What the street expects

Consensus for the coming report
Consensus EPS $0.91 Calendar consensus
Consensus revenue $2.20B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session Before market open 39 days away

Where WEC left off: FY2026 Q1

Full report

WEC Energy Beats Q1 Estimates, Reaffirms Guidance as Data-Center Demand Accelerates

EPS surprise +6.5% Reported $2.45 vs $2.30
Revenue surprise +3.4% Reported $3.43B vs $3.32B
Stock move -1.0% Event window
Subsequent drift -4.5% Up to 20 sessions

Guidance was maintained. Management reaffirmed 2026 EPS guidance of $5.51 to $5.61 per share under normal weather assumptions, consistent with the prior quarter's outlook. The long-term 7% to 8% CAGR EPS growth target with acceleration expected from 2028 remains in place. Capex outlook continues to increase with the $37.5 billion five-year capital plan.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Adverse weather could impact electric sales and earnings, given guidance is premised on normal weather.
  • Regulatory uncertainty remains in Wisconsin with the final written VLC order pending, and in Illinois with rate case and pipe-retirement program outcomes.
  • Local opposition or referendums could affect data-center siting and economic development.
  • Supply-chain and equipment availability constraints for large-scale generation projects.
  • Potential timing slippage on capital project execution within the $37.5 billion plan.

Questions analysts left open

  • Depth of interest from additional hyperscaler customers beyond Microsoft.
  • Potential impact of local referendums and community opposition on data-center expansion.
  • Sensitivity of Point Beach replacement capex and timing of the project.
  • Supply-chain constraints for equipment needed for the 4 to 5 GW data-center capacity build-out.
  • Outcomes of the Illinois rate case and the likelihood of settlements.

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Recent WEC quarters

All WEC earnings
-1.0%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.