WEC Energy Group income statement

In fiscal 2025, WEC Energy Group reported revenue of $9.80bn, up 14.0% on the year before, operating income of $2.24bn (a 22.9% margin) and net income of $1.56bn, or $4.81 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

WEC Energy Group: income statement, annual
Fiscal year	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	4.5	4.2	4.5	5.0	5.9	7.5	7.6	7.7	7.5	7.2	8.3	9.6	8.9	8.6	9.8	10.3
Cost of revenue	—	—	1.8	2.3	2.2	2.6	2.8	2.9	2.7	2.3	3.3	4.4	3.2	2.7	3.3	3.5
Gross profit	—	—	2.7	2.7	3.7	4.8	4.8	4.8	4.8	4.9	5.0	5.2	5.7	5.9	6.5	6.8
Operating income	0.9	1.0	1.1	1.1	1.3	1.7	1.8	1.5	1.5	1.7	1.7	1.9	1.9	2.2	2.2	2.4
Interest expense	0.2	0.2	0.3	0.2	0.3	0.4	0.4	0.4	0.5	0.5	0.5	0.5	0.7	0.8	0.9	0.9
Income before tax	0.8	0.9	0.9	1.0	1.1	1.5	1.6	1.2	1.3	1.4	1.5	1.7	1.5	1.7	1.7	1.9
Income tax	0.3	0.3	0.3	0.4	0.4	0.6	0.4	0.2	0.1	0.2	0.2	0.3	0.2	0.2	0.1	0.1
Net income	0.5	0.5	0.6	0.6	0.6	0.9	1.2	1.1	1.1	1.2	1.3	1.4	1.3	1.5	1.6	1.8
Diluted EPS	$2.24	$2.35	$2.51	$2.59	$2.34	$2.96	$3.79	$3.34	$3.58	$3.79	$4.11	$4.45	$4.22	$4.83	$4.81	$5.51
Diluted shares (average)	235m	233m	230m	228m	273m	317m	317m	317m	317m	317m	316m	316m	316m	317m	324m	329m
EBITDA	1.2	1.4	1.4	1.5	1.8	2.5	2.6	2.3	2.5	2.7	2.8	3.0	3.2	3.5	3.7	4.0

US$ millions unless shown otherwise. Fiscal quarters.

WEC Energy Group: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	2,284	3,150	2,010	2,104	2,537	3,434	2,062	2,291
Cost of revenue	738	1,166	571	608	922	1,391	556	651
Gross profit	1,546	1,984	1,439	1,496	1,616	2,043	1,507	1,639
Operating income	591	938	405	450	453	980	433	564
Interest expense	219	223	221	224	228	229	229	242
Income before tax	514	786	263	305	320	859	328	437
Income tax	61	61	20	34	3	53	27	47
Net income	454	724	245	271	317	804	299	389
EBITDA	935	1,297	774	823	829	1,360	818	953

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: PPL vs WEC FTS vs WEC PEG vs WEC

More: Electric Utilities stocks compared, Utilities sector, rankings of US companies

Figures from WEC Energy Group's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to WEC Energy Group.