WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments. It generates and distributes electricity from coal, natural gas, oil, and nuclear, as well as renewable energy resources, including wind, solar, hydroelectric, and biomass; and distributes and hydroelectric natural gas. The company also owns, maintains, monitors, and operates electric transmission systems; and generates, distributes, and sells steam. As of December 31, 2025, the company operated approximately 35,200 miles of overhead distribution lines and 37,600 miles of underground distribution cables, as well as 420 electric distribution substations and 649,500 line transformers; approximately 47,200 miles of natural gas distribution mains; 1,300 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 510 natural gas distribution and transmission gate stations; and 67.0 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1896 and is headquartered in Milwaukee, Wisconsin.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $9.8B | $4.0B | $1.6B | $-1.0B | 11.4% | 14.0% | 2.0% |
| 2024 | $8.6B | $3.9B | $1.5B | $431M | 12.3% | -3.3% | 14.7% |
| 2023 | $8.9B | $3.5B | $1.3B | $526M | 11.4% | -7.3% | -5.4% |
| 2022 | $9.6B | $3.4B | $1.4B | $-254M | 12.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 9,597.40 | 8,893 | 8,599.90 | 9,800.10 |
| Operating Revenue | - | 9,568.10 | 8,785.30 | 8,467.70 | 9,755.60 |
| Cost Of Revenue | - | 6,296.90 | 5,291.70 | 4,814 | 5,666.60 |
| Gross Profit | - | 3,300.50 | 3,601.30 | 3,785.90 | 4,133.50 |
| Operating Expense | - | 1,376.30 | 1,514.40 | 1,621 | 1,758.60 |
| Total Expenses | - | 7,673.20 | 6,806.10 | 6,435 | 7,425.20 |
| Operating Income | - | 1,924.20 | 2,086.90 | 2,164.90 | 2,374.90 |
| Total Operating Income As Reported | - | 1,924.20 | 1,908 | 2,152.80 | 2,244.90 |
| EBITDA | - | 3,370.30 | 3,527.90 | 3,916.10 | 4,047.10 |
| Normalized EBITDA | - | 3,353.50 | 3,633.50 | 3,833.60 | 4,069.20 |
| EBIT | - | 2,247.70 | 2,263.70 | 2,561.60 | 2,568.60 |
| Interest Income | - | 1.20 | 3.90 | 17.20 | 5.90 |
| Interest Expense | - | 515.10 | 727.40 | 815.30 | 895.10 |
| Net Interest Income | - | -513.90 | -723.50 | -798.10 | -889.20 |
| Other Non Operating Income Expenses | - | 101.50 | 102.10 | 84.80 | 4.50 |
| Other Income Expense | - | 322.30 | 172.90 | 379.50 | 187.80 |
| Interest Income Non Operating | - | 1.20 | 3.90 | 17.20 | 5.90 |
| Interest Expense Non Operating | - | 515.10 | 727.40 | 815.30 | 895.10 |
| Net Non Operating Interest Income Expense | - | -513.90 | -723.50 | -798.10 | -889.20 |
| Pretax Income | - | 1,732.60 | 1,536.30 | 1,746.30 | 1,673.50 |
| Tax Provision | - | 322.90 | 204.60 | 222 | 118 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 3.12 | -14.04 | 10.48 | -1.57 |
| Net Income Continuous Operations | - | 1,409.70 | 1,331.70 | 1,524.30 | 1,555.50 |
| Net Income From Continuing And Discontinued Operation | - | 1,409.30 | 1,332.90 | 1,528.40 | 1,558.70 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,409.30 | 1,332.90 | 1,528.40 | 1,558.70 |
| Net Income | - | 1,409.30 | 1,332.90 | 1,528.40 | 1,558.70 |
| Net Income Common Stockholders | - | 1,408.10 | 1,331.70 | 1,527.20 | 1,557.50 |
| Net Income Including Noncontrolling Interests | - | 1,409.70 | 1,331.70 | 1,524.30 | 1,555.50 |
| Normalized Income | - | 1,395.62 | 1,424.46 | 1,456.38 | 1,579.23 |
| Diluted NI Availto Com Stockholders | - | 1,408.10 | 1,331.70 | 1,527.20 | 1,557.50 |
| Basic Average Shares | - | 315.40 | 315.40 | 316.20 | 321.90 |
| Diluted Average Shares | - | 316.10 | 315.90 | 316.50 | 323.80 |
| Reconciled Depreciation | - | 1,122.60 | 1,264.20 | 1,354.50 | 1,478.50 |
| Reconciled Cost Of Revenue | - | 6,296.90 | 5,291.70 | 4,814 | 5,666.60 |
| Total Unusual Items | - | 16.80 | -105.60 | 82.50 | -22.10 |
| Total Unusual Items Excluding Goodwill | - | 16.80 | -105.60 | 82.50 | -22.10 |
| Preferred Stock Dividends | - | 1.20 | 1.20 | 1.20 | 1.20 |
| Minority Interests | - | -0.40 | 1.20 | 4.10 | 3.20 |
| Special Income Charges | - | 29.40 | -119.30 | 70.80 | -30.20 |
| Other Special Charges | - | -29.40 | -59.60 | -82.90 | -99.80 |
| Impairment Of Capital Assets | - | 0 | 178.90 | 12.10 | 130 |
| Gain On Sale Of Security | - | -12.60 | 13.70 | 11.70 | 8.10 |
| Depreciation Amortization Depletion Income Statement | - | 1,122.60 | 1,264.20 | 1,354.50 | 1,478.50 |
| Depreciation And Amortization In Income Statement | - | 1,122.60 | 1,264.20 | 1,354.50 | 1,478.50 |
| Earnings From Equity Interest | - | 204 | 176.40 | 212.20 | 205.40 |
| Other Taxes | - | 253.70 | 250.20 | 266.50 | 280.10 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| WEC Energy Group, Inc.this co. | WEC | $36.2B | 23.26↑ premium | 2.66 | 11.4% | 14.46 |
| Public Service Enterprise Group Incorporated | PEG | $38.9B | 18.43 | 2.29 | 12.4% | 13.14 |
| Consolidated Edison, Inc. | ED | $38.4B | 18.96 | 1.59 | 8.4% | 10.58 |
| PG&E Corporation | PCG | $37.0B | 13.70 | 1.20 | 8.7% | 9.68 |
| DTE Energy Company | DTE |
| - |
| - |
| - |
| - |
| - |
| $29.7B |
| 20.31 |
| 2.41 |
| 11.9% |
| 12.54 |
| Ameren Corporation | AEE | $29.6B | 20.34 | 2.21 | 10.9% | - |
| NRG Energy, Inc. | NRG | $28.1B | 32.57 | 27.30 | 83.8% | 12.21 |
| Atmos Energy Corporation | ATO | $28.0B | 23.40 | 2.07 | 8.8% | 15.57 |
| Edison International | EIX | $27.6B | 5.88 | 1.62 | 27.5% | 6.41 |
| Peer Median | - | 19.63 | 2.14 | 11.4% | 12.21 | |
Historically, Mar has averaged the highest return (+4.5%); May the lowest (-2.9%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.9%Positive MonthJan 2026: +4.94% | +5.7%Positive MonthFeb 2026: +5.68% | -1.0%Neutral MonthMar 2026: -1.02% | +1.9%Neutral MonthApr 2026: +1.87% | -5.8%Negative MonthMay 2026: -5.84% | +5.2%Positive MonthJun 2026: +5.15% | -6.3%Negative MonthJul 2026: -6.29% | -0.1%*Neutral MonthAug 2026: -0.07% | — | — | — | — |
| 2025 | +5.6%Positive MonthJan 2025: +5.55% | +7.5%Positive MonthFeb 2025: +7.49% | +2.1%Positive MonthMar 2025: +2.15% | +0.5%Neutral MonthApr 2025: +0.50% | -1.9%Neutral MonthMay 2025: -1.90% | -3.0%Negative MonthJun 2025: -3.02% | +4.7%Positive MonthJul 2025: +4.68% | -2.4%Negative MonthAug 2025: -2.36% | +7.6%Positive MonthSep 2025: +7.59% | -2.5%Negative MonthOct 2025: -2.50% | +0.3%Neutral MonthNov 2025: +0.30% | -5.9%Negative MonthDec 2025: -5.90% |
| 2024 | -4.1%Negative MonthJan 2024: -4.05% | -2.8%Negative MonthFeb 2024: -2.81% | +4.6%Positive MonthMar 2024: +4.62% | +0.6%Neutral MonthApr 2024: +0.63% | -1.9%Neutral MonthMay 2024: -1.95% | -3.2%Negative MonthJun 2024: -3.17% | +9.7%Positive MonthJul 2024: +9.69% | +8.1%Positive MonthAug 2024: +8.10% | +3.4%Positive MonthSep 2024: +3.39% | -0.7%Neutral MonthOct 2024: -0.68% | +5.8%Positive MonthNov 2024: +5.78% | -6.9%Negative MonthDec 2024: -6.94% |
| 2023 | +0.2%Neutral MonthJan 2023: +0.25% | -5.7%Negative MonthFeb 2023: -5.67% | +6.9%Positive MonthMar 2023: +6.91% | +1.5%Neutral MonthApr 2023: +1.46% | -9.2%Negative MonthMay 2023: -9.17% | +1.0%Neutral MonthJun 2023: +1.02% | +1.8%Neutral MonthJul 2023: +1.84% | -6.4%Negative MonthAug 2023: -6.39% | -4.2%Negative MonthSep 2023: -4.24% | +1.0%Neutral MonthOct 2023: +1.04% | +2.7%Positive MonthNov 2023: +2.74% | +0.7%Neutral MonthDec 2023: +0.66% |
| 2022 | -0.0%Neutral MonthJan 2022: -0.03% | -6.3%Negative MonthFeb 2022: -6.35% | +9.8%Positive MonthMar 2022: +9.83% | +0.2%Neutral MonthApr 2022: +0.24% | +5.0%Positive MonthMay 2022: +5.02% | -4.2%Negative MonthJun 2022: -4.22% | +3.1%Positive MonthJul 2022: +3.15% | -0.6%Neutral MonthAug 2022: -0.65% | -13.3%Negative MonthSep 2022: -13.29% | +2.1%Positive MonthOct 2022: +2.12% | +8.6%Positive MonthNov 2022: +8.55% | -5.4%Negative MonthDec 2022: -5.43% |
| 2021 | — | — | — | — | -3.4%Negative MonthMay 2021: -3.35% | -5.3%Negative MonthJun 2021: -5.28% | +5.8%Positive MonthJul 2021: +5.83% | +0.4%Neutral MonthAug 2021: +0.36% | -6.6%Negative MonthSep 2021: -6.65% | +2.1%Positive MonthOct 2021: +2.11% | -3.5%Negative MonthNov 2021: -3.48% | +11.7%Positive MonthDec 2021: +11.66% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.