The raised guidance midpoint of $5.62 implies a 4.3% increase from the prior $5.56 midpoint. Monitor the Q4 2026 earnings call for updates on capital expenditure plans related to data center and VLC investments, which are driving growth.
Price Chart
Executive Summary
WEC Energy Group reported Q3 2026 diluted EPS of $1.18, up from $0.83 in the prior year, and operating revenues of $2.29 billion, up from $2.10 billion. The company raised its 2026 full-year earnings guidance to $5.60-$5.64 per share from $5.51-$5.61, citing favorable weather and capital investment from Very Large Customers.
Key Financial Metrics
Key Facts
- Q3 2026 diluted EPS of $1.18 vs $0.83 in Q3 2025, a 42.2% increase
- Q3 2026 operating revenues of $2.29 billion vs $2.10 billion in Q3 2025, up 8.9%
- Net income attributed to common shareholders of $389.3 million vs $271.3 million in Q3 2025
- 2026 full-year EPS guidance raised to $5.60-$5.64 per share from $5.51-$5.61
- Retail electricity deliveries up 3.3% in Q3 2026 vs Q3 2025; weather-normal deliveries up 0.4%
- Nine-month 2026 operating cash flow of $3.41 billion vs $2.95 billion in the prior year period
Financial Impact
Q3 EPS of $1.18 exceeded the consensus estimate of $0.98 by 20.4%; revenue of $2.29B exceeded the $2.20B consensus by 4.1%
Risk Factors
- Weather dependency: the Q3 beat was partly driven by warmer-than-normal weather, which is not sustainable
- Elevated capital expenditures ($3.32B YTD) and long-term debt ($19.72B) increase financial leverage
- The S-3ASR shelf filed 13 days prior may signal future equity issuance for capital needs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000783325-26-000104 |
| Document: wec-20261029.htm | 0000783325-26-000104 |
| Document: 0000783325-26-000104-index-headers.html | 0000783325-26-000104 |
| Document: 0000783325-26-000104-index.html | 0000783325-26-000104 |
| Document: 0000783325-26-000104.txt | 0000783325-26-000104 |
| 8-K Data (Synthetic) | 0000783325-26-000104 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | No price | awaiting T+1 | awaiting T+1 | No price |
Oct 29, 2026 3d ago | Press Release | $114.63 $116.07 | ▲ +1.26% | ▲ +3.03% | $116.07 (+1.26%) |
Oct 16, 2026 16d ago | Institutional Cluster | $107.00 $108.75 | ▲ +1.64% | ▲ +1.30% | $116.07 (+8.48%) |
Oct 16, 2026 16d ago | S-3ASR | $108.71 $107.00 | ▼ −1.57% | ▼ −2.00% | $116.07 (+6.77%) |
Oct 15, 2026 17d ago | Press Release | $106.04 $108.71 | ▲ +2.52% | ▲ +3.62% | $116.07 (+9.46%) |
Aug 11, 2026 11w ago | 8-K | $106.68 $109.11 | ▲ +2.28% | ▲ +2.03% | $116.07 (+8.80%) |
Jul 29, 2026 13w ago | 8-K | $111.29 $110.05 | ▼ −1.11% | ▼ −2.79% | $116.07 (+4.30%) |
Jul 22, 2026 14w ago | Press Release | $113.46 $114.72 | ▲ +1.11% | ▲ +2.35% | $116.07 (+2.30%) |
Jul 16, 2026 15w ago | Press Release | $114.49 $113.35 | ▼ −1.00% | ▼ −0.01% | $116.07 (+1.38%) |
Jun 1, 2026 21w ago | 8-K | $110.23 $110.05 | ▼ −0.16% | ▲ +0.56% | $116.07 (+5.30%) |
US Market Status
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