WEC Energy Group (NYSE:WEC) reported second-quarter earnings that topped Wall Street expectations, although weaker-than-expected revenue and full-year guidance that came in below analyst forecasts sent the utility’s shares modestly lower in premarket trading.
The company posted adjusted earnings of $0.91 per share, exceeding the consensus estimate of $0.83 by $0.08.
Revenue increased 2.6% year over year to $2.06 billion from $2.01 billion but fell short of analysts’ expectations of $2.11 billion.
Company Maintains Full-Year Outlook
WEC Energy reaffirmed its 2026 adjusted earnings guidance of between $5.51 and $5.61 per share.
The midpoint of the forecast, $5.56 per share, was slightly below the Wall Street consensus estimate of $5.60. The company said its outlook assumes normal weather conditions for the remainder of the year.
Chairman, President and Chief Executive Officer Scott Lauber said: “Our focus on customer service, financial discipline and operating efficiency — while continuing to execute on our capital plan — helped deliver a strong quarter.”
Electricity Demand Remains Stable
Retail electricity deliveries were broadly unchanged from the same period last year after excluding the iron ore mine in Michigan’s Upper Peninsula and Wisconsin’s Very Large Customers.
Adjusted for normal weather conditions, retail electricity deliveries increased 1.2% during the quarter.
Residential electricity demand declined 1.1%, while electricity sales to large commercial and industrial customers rose 0.9%, reflecting stable business activity across the company’s service territory.
First-Half Profit Improves
For the first six months of 2026, WEC Energy reported net income of $1.1 billion, or $3.36 per share, compared with $969.6 million, or $3.02 per share, in the same period a year earlier.
Consolidated revenue for the first half increased by $337.3 million year over year to $5.5 billion.
WEC Energy provides electricity and natural gas services to approximately 4.8 million customers across Wisconsin, Illinois, Michigan and Minnesota.
WEC Energy Group stock price
