WEC Energy Group Earnings Call Transcripts
Fiscal Year 2026
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The meeting saw all board nominees and auditors ratified, a 6.7% dividend increase, and a $37.5B capital plan focused on renewables and infrastructure. Proposals to eliminate supermajority voting and a shareholder majority vote proposal did not pass.
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Q1 2026 EPS rose to $2.45, up $0.18 year-over-year, driven by strong utility and infrastructure performance. The company reaffirmed 2026 EPS guidance and a $37.5B capital plan, with robust data center-driven growth and regulatory progress in Wisconsin and Illinois.
Fiscal Year 2025
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Adjusted EPS rose 8% to $5.27 in 2025, driven by strong utility performance, favorable weather, and robust regional economic growth. The five-year capital plan increased to $37.5 billion, with major data center projects fueling 3.9 GW of forecasted demand growth.
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Q3 2025 EPS rose to $0.83, and 2025 guidance was reaffirmed. A $36.5B five-year capital plan was unveiled, driven by strong data center and economic growth, with asset-based growth forecast at 11.3% annually and EPS CAGR of 7%–8% through 2030.
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Q2 2025 EPS rose to $0.76, up $0.09 year-over-year, with strong utility operations and robust regional economic growth. The company reaffirmed 2025 EPS guidance and a $28B five-year capital plan, while extending key coal units and advancing major renewable and gas projects.
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The meeting covered director elections, auditor ratification, and key shareholder proposals, with all directors and auditors approved but supermajority voting changes failing. A 6.9% dividend increase was announced, and a $28B investment plan highlighted major infrastructure and renewable projects.
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Q1 2025 EPS rose to $2.27, up $0.30 year-over-year, driven by favorable weather and rate-based growth. The $28B five-year capital plan supports robust economic development, with guidance reaffirmed and strong demand from data centers and industrial customers.
Fiscal Year 2024
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Adjusted EPS rose to $4.88 in 2024, with strong execution offsetting weather headwinds and robust capital investment plans supporting future growth. Major data center expansions and transmission projects are driving incremental demand, while 2025 EPS guidance is reaffirmed at $5.17-$5.27.
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Q3 2024 adjusted EPS was $0.82, down year-over-year but above guidance, with 2024 EPS guidance reaffirmed at $4.80–$4.90. A record $28B five-year capital plan focuses on regulated growth, renewables, and transmission, driven by strong Wisconsin demand and major economic development.
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Q2 2024 EPS of $0.67 exceeded guidance despite a year-over-year decline, with strong regional economic growth and major capital investments supporting long-term earnings targets. 2024 EPS guidance of $4.80-$4.90 was reaffirmed, and the company remains focused on regulatory, project, and cost management.