WEC Energy Group, Inc. is a diversified energy holding company headquartered in Milwaukee, Wisconsin, with a history dating back to 1896 through its predecessor companies, though it was formally incorporated in 1981 as Wisconsin Energy Corporation and renamed in 2015. The company operates through six business segments: Wisconsin, Illinois, Other ...WEC Energy Group, Inc. is a diversified energy holding company headquartered in Milwaukee, Wisconsin, with a history dating back to 1896 through its predecessor companies, though it was formally incorporated in 1981 as Wisconsin Energy Corporation and renamed in 2015. The company operates through six business segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. Its primary business involves the generation and distribution of electricity and the distribution and transportation of natural gas, serving approximately 4.7 million customers across four states. The company's electricity generation portfolio includes coal, natural gas, oil, hydroelectric, wind, solar, and biomass sources, reflecting a mix of traditional and renewable energy. WEC Energy Group also provides electric transmission services, manages natural gas storage facilities, and produces and sells steam. As of 2021, its infrastructure included 35,800 miles of overhead electric lines, 35,600 miles of underground cables, 440 distribution substations, and 50,900 miles of natural gas distribution mains. The company employs about 7,000 people and reported revenue of $8.6 billion in 2024. Financially, WEC Energy Group shows a strong market presence with a market capitalization of approximately $35.2 billion, a price-to-earnings ratio of 20.79, and a dividend yield of 3.4%. The company's CEO, Scott Lauber, has led the firm since February 2022, with Gale Klappa serving as Executive Chairman. WEC Energy Group is committed to sustainable energy, aiming to reduce carbon emissions and invest in renewable energy projects, while maintaining reliable and affordable service for its customers. The company's scale and financial stability allow it to make significant capital investments in infrastructure and clean energy, positioning it as a key player in the Midwest's energy transition.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$9.8B
+14.0%
-40.0%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$1.6B
+2.0%
-62.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+50.5%
+14.8%
+22.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+24.2%
-3.2%
-26.5%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+15.9%
-10.5%
-38.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-1.0B
-336.5%
-167.3%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-10.4%
-307.6%
-212.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
163.5%
-0.0%
+3.2%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.47x
-22.1%
-34.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator : Good afternoon, and welcome to WEC Energy Group's Conference Call for Second Quarter 2026 results. This call is being recorded for rebroadcast In conjunction with this call, a package of detailed financial information is posted at wecenergygroup.com. A replay will be available approximately 2 hours after the conclusion of this call. . Before the conference call begins, please note that all statements in the presentation, other than historical facts, are forward-looking statements that involve risks and uncertainties that are subject to change at any time. Such statements are based on management's expectations at the time they are made. In addition to the assumptions and other factors referred to in connection with the statements, factors described in WEC Energy Group's latest Form 10-K and subsequent reports filed with the Securities and Exchange Commission could cause actual results to differ materially from those contemplated. During the discussions, referenced earnings per share will be based on diluted earnings per share unless otherwise noted. And now it's my pleasure to introduce Scott Lauber, President and Chief Executive Officer of WEC Energy Group.
Scott Lauber : Good afternoon, everyone. And thank you for joining us today as we review our results for the second quarter of 2026. Here with me are Shaw Liu, our Chief Financial Officer; and Beth Straka, Senior Vice President of Corporate Communications and Investor Relations. As you saw from our news release this morning, we reported second quarter 2026 earnings of $0.91 a share. Our results reflect our continued focus on execution, financial discipline and operating efficiency. We're on track to deliver results in line with our 2026 earnings guidance of $5.51 to $5.61 a share. This, of course, assumes normal weather for the remainder of the year. In a few minutes, Xia will walk through our financial results and outlook in more detail. But first, let me highlight the strong economic growth in our region that serves as a foundation of our robust capital plan. Construction continues at the Microsoft site in Pleasant Prairie. And the first data center facility is fully operational. As a reminder, Microsoft has purchased more than 2,200 acres to date in that I-94 corridor south of Milwaukee. We are preparing to serve a forecasted demand increase of 2.6 gigawatts in this region through 2030 and an opportunity for further expansion. And to the north of Milwaukee, you'll recall that Vantage Data Centers is developing facilities for Oracle on approximately 1,900 acres. Construction continues on the initial phase of its data center project which is being built on 670 acres. Vantage has stated that it expects to invest $15 billion to complete this phase in 2028. Significant construction progress has been made with structural framework complete on multiple buildings. The first facility could come online as soon as late 2027. We currently have 1.3 gigawatts of demand for this Vantage …