WEC Energy Q3 Earnings Beats Estimates, Revenues Rise Y/Y

WEC Energy Group WEC reported third-quarter 2025 earnings of 83 cents per share, which surpassed the Zacks Consensus Estimate of 79 cents by 5%. The bottom line also increased 9.2% from the year-ago quarter’s 76 cents.

WEC’s Revenues

Operating revenues of $2.10 billion surpassed the Zacks Consensus Estimate of $2.0 billion by around 4.9%. The top line also increased 12.9% from $1.86 billion recorded in the year-ago quarter.

WEC Energy Group, Inc. Price, Consensus and EPS Surprise

WEC Energy Group, Inc. price-consensus-eps-surprise-chart | WEC Energy Group, Inc. Quote

Highlights of WEC’s Earnings Release

Retail deliveries of electricity, excluding the iron ore mine in Michigan’s Upper Peninsula, increased 1.9% year over year.
 
Electricity consumption by small commercial and industrial customers increased 1.1% in the third quarter, while that of large commercial and industrial customers, excluding the iron ore mine, rose 2.5%.

On a weather-normal basis, retail deliveries of electricity, excluding the iron ore mine, increased 1.8%.

Total operating expenses were $1.6 billion, up 11.8% from the year-ago level of $1.48 billion. This was due to the higher cost of sales and an increase in other operating and maintenance expenses.
 
Operating income totaled $449.6 million, up 17.2% from $383.7 million recorded in the year-ago quarter.

The company incurred an interest expense of $223.6 million, up 9.5% from the prior-year level of $204.2 million.

WEC’s Financial Position

As of Sept. 30, 2025, WEC had cash and cash equivalents of $51.1 million compared with $9.8 million as of Dec. 31, 2024.

As of Sept. 30, 2025, the company had a long-term debt of $17.67 billion compared with $17.18 billion as of Dec. 31, 2024.

Net cash provided by operating activities during the first nine months of 2025 was $2.95 billion compared with $2.63 billion in the year-ago period.

WEC’s Guidance

WEC reaffirmed its 2025 earnings projection in the range of $5.17-$5.27 per share. The Zacks Consensus Estimate for 2025 EPS is pegged at $5.23, higher than the midpoint of the company’s guided range.
 
WEC Energy expects to invest $36.5 billion in the 2026-2030 period, which supports 7-8% long-term EPS growth. The company will finance it through cash generated from operations, and by issuing new debt and equity.

WEC’s Zacks Rank

The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming Releases

Algonquin Power & Utilities AQN is scheduled to report third-quarter results on Nov. 07, before market open. The Zacks Consensus Estimate for earnings is pegged at 6 cents per share, which suggests a year-over-year decrease of 25%.

Avista AVA is scheduled to report third-quarter results on Nov. 05, before market open. The Zacks Consensus Estimate for earnings is pegged at $0.27 per share, which suggests a year-over-year increase of 17.39%.

Ameren AEE is scheduled to report third-quarter results on Nov. 05, before market open. The Zacks Consensus Estimate for earnings is pegged at $2.06 per share, which suggests a year-over-year increase of 10.16%.

 

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This article originally published on Zacks Investment Research (zacks.com).

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