WEC Energy Reports Strong Earnings but Revenue Misses Expectations
WEC Energy Group (NYSE:WEC) reported second-quarter earnings that exceeded Wall Street expectations, with adjusted earnings of $0.91 per share compared to the consensus estimate of $0.83. However, revenue came in at $2.06 billion—up 2.6% year over year but below analysts' forecast of $2.11 billion—which contributed to a modest decline in premarket trading. The company reaffirmed its full-year adjusted earnings guidance between $5.51 and $5.61 per share, with the midpoint slightly under analyst expectations. Retail electricity deliveries were stable after excluding large customers, while residential demand declined 1.1%. Commercial and industrial sales rose by 0.9%, indicating steady business activity in its service areas. For the first half of 2026, WEC Energy reported net income of $1.1 billion or $3.36 per share, up from $969.6 million a year earlier. WEC serves approximately 4.8 million customers across Wisconsin, Illinois, Michigan, and Minnesota.
Tickers: $WEC
Topics: earnings guidance revenue miss