WEC Energy Group, Inc. (WEC)

WEC Energy Group Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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%
Fuel and Purchased Power Expense	3,266	2,656	3,191	4,359	3,311
Operations and Maintenance Expenses	2,401	2,158	2,101	1,938	2,006
Gross Profit	4,134	3,786	3,601	3,301	3,000
Depreciation & Amortization Expenses	1,479	1,355	1,264	1,123	1,074
Taxes Other than Income Tax	280.1	266.5	250.2	253.7	210.3
Other Operating Expenses	130	12.1	178.9	-	-
Operating Income	2,245	2,153	1,908	1,924	1,715
Interest Income	215.8	207.5	177.5	194.7	158.1
Interest Expense	-895.1	-815.3	-727.4	-515.1	-471.1
Other Non-Operating Income (Expense)	-463.5	-251.4	-194.5	-62.8	-46.6
Total Non-Operating Income (Expense)	-1,143	-859.2	-744.4	-383.2	-359.6
Pretax Income	1,674	1,746	1,536	1,733	1,499
Provision for Income Taxes	118	222	204.6	322.9	200.3
Net Income	1,558	1,527	1,332	1,408	1,300
Minority Interest in Earnings	3.2	4.1	1.2	-0.4	3
Net Income Attributable to Preferred Dividends	1.2	1.2	1.2	1.2	1.2
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%	14.46%	-5.17%	8.27%	8.44%
Free Cash Flow	-1,019	430.7	525.5	-254.2	-220.1
Free Cash Flow Growth	-	-18.04%	-	-	-
Free Cash Flow Per Share	-3.15	1.36	1.66	-0.80	-0.70
Dividends Per Share	3.570	3.340	3.120	2.910	2.710
Dividend Growth	6.89%	7.05%	7.22%	7.38%	7.12%
Gross Margin	42.18%	44.02%	40.50%	34.39%	36.07%
Operating Margin	22.91%	25.03%	21.46%	20.05%	20.62%
Profit Margin	15.87%	17.72%	14.97%	14.69%	15.61%
FCF Margin	-10.39%	5.01%	5.91%	-2.65%	-2.65%
EBITDA	3,723	3,507	3,172	3,047	2,789
EBITDA Margin	37.99%	40.78%	35.67%	31.75%	33.54%
EBIT	2,245	2,153	1,908	1,924	1,715
EBIT Margin	22.91%	25.03%	21.46%	20.05%	20.62%
Effective Tax Rate	7.05%	12.71%	13.32%	18.64%	13.36%

Updated Feb 5, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q