WEC Energy Group (WEC): financials, SEC filings and peers
WEC Energy Group (WEC) is an electric utilities company in the Utilities sector of the S&P 500, headquartered in Milwaukee, Wisconsin.
It was founded in 1896 and joined the S&P 500 on October 31, 2008.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Electric & Other Services Combined”.
WEC Energy Group at a glance
- Revenue (12 months)
- $10.1B
- Revenue growth
- +8.9%
- Operating margin
- 22.8%
- Net income (12 months)
- $1.7B
- Free cash flow (12 months)
- —
- Cash
- $50M
- Debt
- $22.6B
- Diluted EPS (12 months)
- —
Twelve months to June 30, 2026, from the 10-Q filed August 4, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, WEC Energy Group reported revenue of $10.1 billion, up 8.9% from a year earlier.
Its operating margin was 22.8%, down 2.1 percentage points from a year earlier: for every $100 of sales, about $23 was left as operating profit.
Net income was $1.7 billion (16.7% of revenue), 2.0% higher than a year earlier.
At the end of the period it held $50 million in cash and $22.6 billion in debt, a net debt position of $22.5 billion.
The diluted share count rose 2.1% in a year, which dilutes existing shareholders.
Five-year trend
- Revenue went from $7.2 billion in fiscal 2020 to $9.8 billion in fiscal 2025, about 6.2% a year.
- Operating margin has been steady, around 22.9%.
- Free cash flow was negative in 3 of the last 3 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $8.3B | $9.6B | $8.9B | $8.6B | $9.8B |
| Revenue growth | 14.8% | 15.4% | -7.3% | -3.3% | 14.0% |
| Operating margin | 20.6% | 20.0% | 21.5% | 25.0% | 22.9% |
| Net income | $1.3B | $1.4B | $1.3B | $1.5B | $1.6B |
| Free cash flow | −$340M | −$636M | — | — | — |
| Diluted EPS | $4.11 | $4.45 | $4.22 | $4.83 | $4.81 |
Fiscal years as reported in WEC Energy Group’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 4, 2026 — Regulation FD disclosure
- 8-K filed August 18, 2026 — Material agreement
- 8-K filed August 11, 2026 — Executive or director change
- 10-Q filed August 4, 2026 — quarterly report
- 8-K filed August 3, 2026 — Regulation FD disclosure
- 8-K filed July 29, 2026 — Earnings results
- 8-K filed June 1, 2026 — Regulation FD disclosure
- 8-K filed May 12, 2026 — Shareholder vote results
Companies like WEC Energy Group
Other S&P 500 companies in Electric Utilities:
- AEPAmerican Electric PowerColumbus, Ohio
- CEGConstellation EnergyBaltimore, Maryland
- DUKDuke EnergyCharlotte, North Carolina
- EIXEdison InternationalRosemead, California
- ESEversource EnergyHartford, Connecticut
- ETREntergyNew Orleans, Louisiana
- EVRGEvergyKansas City, Missouri
- EXCExelonChicago, Illinois
More from Utilities
Questions about WEC Energy Group
Is WEC Energy Group's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $10.1 billion, up 8.9% from a year earlier, according to its SEC filings.
Is WEC Energy Group profitable?
Yes. It earned $1.7 billion in net income over the twelve months to June 30, 2026, a net margin of 16.7%.
Does WEC Energy Group have more cash or more debt?
At June 30, 2026 it had $50 million in cash and $22.6 billion in debt, so more debt than cash.
When did WEC Energy Group last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 4, 2026.
Which companies are similar to WEC Energy Group?
In the S&P 500, WEC Energy Group is grouped in Electric Utilities within the Utilities sector. American Electric Power (AEP), Constellation Energy (CEG), Duke Energy (DUK), Edison International (EIX), Eversource Energy (ES) are in the same group.
Understand the numbers
Source: WEC Energy Group’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.