WEC Energy Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	9,800	8,600	8,893	9,597	8,316
Revenue Growth (YoY)	13.96%	-3.30%	-7.34%	15.41%	14.84%
Operations & Maintenance	2,381	2,152	2,095	1,931	2,002
Selling, General & Admin	8	5.8	5.9	7	3.6
Depreciation & Amortization	1,479	1,355	1,264	1,123	1,074
Other Operating Expenses	3,543	2,839	3,344	4,508	3,449
Total Operating Expenses	7,411	6,351	6,708	7,569	6,529
Operating Income	2,389	2,249	2,185	2,029	1,787
Interest Expense	-896.3	-816.5	-728.6	-516.3	-472.3
Interest Income	5.9	17.2	3.9	1.2	-
Net Interest Expense	-890.4	-799.3	-724.7	-515.1	-472.3
Income (Loss) on Equity Investments	205.4	212.2	176.4	204	178
Allowance for Equity Funds for Construction	99.8	59.8	59.1	29.4	-
Other Non-Operating Income (Expenses)	9.9	12.8	18.1	-15.5	41.1
EBT Excluding Unusual Items	1,814	1,734	1,714	1,731	1,534
Asset Writedown	-130	-12.1	-178.9	-	-
Other Unusual Items	-11.6	23.1	0.5	-	-36.3
Pretax Income	1,672	1,745	1,535	1,731	1,498
Income Tax Expense	118	222	204.6	322.9	200.3
Earnings From Continuing Ops.	1,554	1,523	1,331	1,409	1,297
Minority Interest in Earnings	3.2	4.1	1.2	-0.4	3
Net Income	1,558	1,527	1,332	1,408	1,300
Net Income to Common	1,558	1,527	1,332	1,408	1,300
Net Income Growth	1.98%	14.68%	-5.43%	8.29%	8.37%
Shares Outstanding (Basic)	322	316	315	315	315
Shares Outstanding (Diluted)	324	317	316	316	316
Shares Change (YoY)	2.31%	0.19%	-0.06%	-0.06%	-0.06%
EPS (Basic)	4.84	4.83	4.22	4.46	4.12
EPS (Diluted)	4.81	4.83	4.22	4.45	4.11
EPS Growth	-0.41%	14.45%	-5.17%	8.27%	8.44%
Free Cash Flow	-1,019	430.7	525.5	-254.2	-220.1
Free Cash Flow Per Share	-3.15	1.36	1.66	-0.80	-0.70
Dividend Per Share	3.570	3.340	3.120	2.910	2.710
Dividend Growth	6.89%	7.05%	7.22%	7.38%	7.12%
Profit Margin	15.89%	17.76%	14.97%	14.67%	15.64%
Free Cash Flow Margin	-10.39%	5.01%	5.91%	-2.65%	-2.65%
EBITDA	3,868	3,603	3,449	3,151	2,861
EBITDA Margin	39.47%	41.90%	38.78%	32.83%	34.41%
D&A For EBITDA	1,479	1,355	1,264	1,123	1,074
EBIT	2,389	2,249	2,185	2,029	1,787
EBIT Margin	24.38%	26.15%	24.57%	21.14%	21.49%
Effective Tax Rate	7.06%	12.72%	13.33%	18.65%	13.38%

Source: S&P Global Market Intelligence. Utility template. Financial Sources.