AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue rose 2.6% to $2,062.1M, driven by Wisconsin rate increases, strong renewable generation performance, and Microsoft data center demand.
Biggest Revenue Drivers
Wisconsin Segment$1,621.5M+2.2% YoY
Higher electric and natural gas revenues from PSCW rate orders effective January 1, 2026, partially offset by unfavorable weather.
Illinois Segment$262.2M-3.1% YoY
Lower natural gas revenues due to warmer weather and reduced sales volumes in Q2 2026.
Biggest Revenue Drivers
Total revenue: $2,062.1M+2.6% YoY
Wisconsin Segment$1,621.5M+2.2% YoY
Higher electric and natural gas revenues from PSCW rate orders effective January 1, 2026, partially offset by unfavorable weather.
Illinois Segment$262.2M-3.1% YoY
Lower natural gas revenues due to warmer weather and reduced sales volumes in Q2 2026.
Non-Utility Energy Infrastructure$215.6M+13.8% YoY
Higher renewable generation revenues and improved market conditions at WECI facilities; includes Hardin III acquisition in February 2025.
Other States Segment$84.3M+2.4% YoY
Modest growth in natural gas utility revenues offset by lower residential sales volumes.
Largest Expense Items
Cost of Sales$555.6M-2.6% YoY
Lower fuel and purchased power and natural gas costs.
Other Operation and Maintenance$617.1M+3.5% YoY
Higher transmission expense approved in Wisconsin rate orders, regulatory amortizations, and storm-related costs at renewable facilities.
Depreciation and Amortization$384.9M+4.3% YoY
Increased depreciation from ongoing capital investments and assets placed in service.
Interest Expense$228.9M+3.7% YoY
Higher average debt balances from 2025 and 2026 long-term debt issuances, partially offset by AFUDC-Debt benefits.
Margins: Gross margin increased modestly despite higher operating expenses, as utility margin benefited from favorable Wisconsin rate orders and renewable generation performance. However, depreciation, transmission costs, and regulatory amortizations increased year-over-year, partially offsetting margin improvements.
Watch Items from the Filing
Capital expenditures surged 52% to $1,265.0M in Q2 2026 ($2,079.9M YTD), driven by Wisconsin's CT, LNG, and renewable projects; company forecasts $37.5B total through 2030.
Microsoft data center in Wisconsin went into service April 2026; forecasted 2.6 GW load growth through 2030 in Milwaukee-to-Chicago corridor creates both opportunity and execution risk.
PGL QIP Rider settlement in May 2026 required permanent removal of $130.0M from rate base and $75.0M customer refunds; represents material regulatory headwind realized in Q4 2025.
OCPP Units 7 and 8 retirement extended from end 2026 to 2027; units have $604.6M net book value and continue to depreciate, creating future stranded asset risk if retirement accelerated.
Renewable facilities (Samson I, Delilah I) recorded $1.7M storm impairment in Q2 2026; ongoing storm hardening efforts underway but concentrated exposure to weather events remains.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Straka Mary BethSr. VP-Corp Comm & Inv RelOption exercise · Feb 13, 2026
Congress trading in WEC
14 transactions in WEC reported by 7 members of Congress under the STOCK Act, most recent trade Sep 23, 2025. Reported transactions, not recommendations.
About WEC ENERGY GROUP, INC. (WEC): stock profile, AI score and financials
WEC ENERGY GROUP, INC. (WEC) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores WEC at 58.3/100 on a composite quality score built from its SEC filings, placing it at rank #1,019 of 2,925 stocks — the top half of the AI-ranked universe. WEC scores in the top quartile across revenue scale (86.5). Areas of concern include free cash flow (17.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), WEC ENERGY GROUP, INC. reports quarterly revenue of $2.1B, net income of $301.0M, an operating margin of 21.0%. Top institutional holders of WEC by reported 13-F value include BlackRock, STATE STREET, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. WEC trades on the NYSE exchange and files with the SEC under CIK 783325. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WEC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for WEC ENERGY GROUP, INC. directly from SEC EDGAR.