WEC Energy Group Q2 2026: EPS $0.91 beats estimates, guidance reaffirmed
WEC Energy Group beat the street in Q2 2026: $0.91 of diluted EPS against $0.8238 expected, on revenue of $2.06 billion, with full-year guidance of $5.51-$5.61 reaffirmed. The quarter's profit carries a caveat, since a chunk of the gain came from non-operating income rather than utility operations, and free cash flow turned negative as capital spending jumped. Read the earnings beat as real, and the cash burn as the open question.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $0.91 beat the $0.8238 consensus by about 10.5% and rose 19.7% from $0.76 a year ago, while net income climbed to $299.2 million from $245.4 million. Look at where that came from: of the $65.5 million pretax improvement, $45.7 million came from equity earnings in transmission affiliates and other income, not from running the utilities. Operating income did rise, but only to $432.8 million from $404.9 million.
Revenue of $2.06 billion was up 2.6% from $2.01 billion a year earlier, and the gross margin of 73.1% was 1.5 points better than last year's 71.6%. Cost of sales fell to $555.6 million from $570.5 million, so the margin gain came from lower direct costs, not from a pricing surge. For the first half, revenue reached $5.50 billion, up from $5.16 billion.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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