Feed / WEC

WEC Energy Group, Inc.

WEC

Utilities · 106.16 -0.9% today

Isolated · not yet confirmedMarket checked 9 Sept, 15:55 GMT-4

Market read

WEC Energy Group, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 5 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company-0.9% todayVolume comparison unavailable
Market group0 of 5 activeRegulated Utilities · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • Total capital expenditures for Q1 2026 were $817.9M, up $116.8M vs Q1 2025, driven by Wisconsin CTs/LNG and renewables and higher non-utility project spending.

Invalidation: The isolated read changes if WEC's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Utilities · Utilities - Regulated Electric

No new filing conclusion is available. 0 of 5 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Total capital expenditures for Q1 2026 were $817.9M, up $116.8M vs Q1 2025, driven by Wisconsin CTs/LNG and renewables and higher non-utility project spending.

Company research

Understand the business, not just the ticker

As of Sep 10, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations600
Usable filing statements299
Verified relationships3
Evidence supporting the case
  • Latest annual revenue changed +14.0% year over year.
  • Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Operating margin changed -2.1 percentage points in the latest annual period.
  • Diluted shares increased 2.3% in the latest annual period.
  • Capital investment and capacity has repeated adverse evidence across 4 filings.
  • Energy and commodity prices has repeated adverse evidence across 4 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 9, 2026

106.16
6m-7.3%12m-1.1%24m+12.3%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$8.3B+14.8%$4.11-0.1%
2022-12-31$9.6B+15.4%$4.45-0.1%
2023-12-31$8.9B-7.3%$4.22-0.1%
2024-12-31$8.6B-3.3%$4.83+0.2%
2025-12-31$9.8B+14.0%$4.81+2.3%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 4 filings
The increase in cash paid for capital expenditures at the non-utility energy infrastructure segment during the first quarter of 2026, compared with the same quarter in 2025, was driven by an increase in capital expenditures related to fuel flexibility project…
10-Q · May 7, 2026
Credit and interest ratesmixed · 4 filings
Interest Expense Interest expense at the corporate and other segment increased $5.1 million during the first quarter of 2026, compared with the same quarter in 2025, due to higher average short-term debt balances.
10-Q · May 7, 2026
Demand and volumemixed · 4 filings
This increase was driven by the impact of the Wisconsin rate orders approved by the PSCW, effective January 1, 2026.
10-Q · May 7, 2026
Energy and commodity pricesnegative · 4 filings
Table of Contents Cash generated from operations is primarily driven by sales of electricity and natural gas to our utility customers, reduced by costs of operations.
10-Q · May 7, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 3.5× · EV/sales 5.4×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

106.16-0.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 9 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for WEC. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for WEC. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind WEC

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

PWFiling-linked namepartnerMay 7, 2026

Introduction We are a diversified holding company with natural gas and electric utility operations (serving customers in Wisconsin, Illinois, Michigan, and Minnesota), an approximately 60% equity ownership interest in ATC (a for-profit electric transmission c…

WELPPFiling-linked namepartnerFeb 20, 2026

NOTE 26— REGULATORY ENVIRONMENT Wisconsin Electric Power Company, Wisconsin Public Service Corporation, and Wisconsin Gas LLC Very Large Customer and Bespoke Resources Tariffs In March 2025, WE filed an application with the PSCW requesting approval to impleme…

Depended on by

MGEEMGE Energy, Inc.competitorNov 5, 2025

ower Company, a subsidiary of WEC Energy Group, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

WEC is currently a Leader in the organic co-movement group Regulated Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.