WEC Energy Reports Strong Q3 2026 Earnings and Increases Five-Year Capital Plan to $47.5 Billion
WEC Energy reported significant third-quarter growth for 2026, with diluted earnings per share rising 42.2% year-over-year to $1.18. Driven by robust demand from large industrial customers and hyperscale data centers, the company raised its full-year 2026 earnings guidance to a range of $5.60 to $5.64 per share. The utility provider announced an expanded five-year capital plan for 2027–2031 totaling $47.5 billion, a 26% increase over previous projections. This massive investment is fueled by surging electric demand forecasts, particularly in the I-94 region due to Microsoft and Vantage Data Centers expansions. The strategy includes significant allocations toward natural gas modernization, battery storage, and infrastructure to support an asset-based growth rate of 13.4% through 2031.
Topics: capital expenditure earnings report electric demand growth guidance increase infrastructure investment
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Part of the story Select Energy Services Scheduled to Report Q3 2026 Earnings (9 articles)