WEC Energy Group, Inc. (WEC) Earnings Call Transcripts

WEC Energy Group, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, WEC Energy Group reported earnings of $0.91 per share, reflecting a $0.15 increase year-over-year. Revenue growth was driven by strong demand from very large customers, particularly in the data center sector, with a reaffirmation of 2026 earnings guidance between $5.51 and $5.61 per share. Management highlighted ongoing construction projects and economic growth in the region as key factors supporting future performance, while also addressing regulatory developments and potential risks related to customer credit support.

Reported metrics

Guidance from management

WEC reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the remainder of the year. For Q3, management expects earnings in the range of $0.92 to $0.98 per share.

What management said

Thank you, Xia. Now as you may recall, our Board at its January meeting increased the dividend by 6.7%. This marks the 23rd consecutive year that our shareholders will be reported with higher dividends. The increase is consistent with our plan to grow the dividend at a rate of 6.5% to 7%. We're optimistic about continued growth in our region and our company's future. Operator, we are now ready with the question-and-a...

Shar, I mean, we're finalizing everything on our third quarter call. And just to remind everyone, the first 500 megawatts comes due in that PPA in December of 2030, the next 500 megawatts is in March 2033. And just as a rule of thumb about a gigawatt is about $2 billion to $2.5 billion. So half of that for the 500 megawatts. As we said in the prior call, never say never. Things could always change. But capital is an...

What analysts pressed on

Analysts raised concerns about the potential impact of Oracle's legal challenges on the Port Washington project timeline and credit support. There are also worries about the regulatory environment affecting future data center developments, particularly regarding potential moratoriums.

Main topics on the call

• Strong Earnings Growth — WEC Energy reported Q2 2026 earnings of $0.91 per share, a $0.15 increase compared to Q2 2025. Management stated, "We're on track to deliver results in line with our 2026 earnings guidance of $5.51 to $5.61 a share."
• Data Center Demand — The company is preparing for a forecasted demand increase of 2.6 gigawatts in the region through 2030, driven by major customers like Microsoft and Oracle. "We currently have 1.3 gigawatts of demand for this Vantage site...
• Regulatory Developments — WEC is progressing with its very large customer tariff (VLC) and has received regulatory approval for its Rider QIP in Illinois. Management emphasized the importance of these tariffs for supporting data center growth, st...
• Capital Investment Plans — WEC's 5-year capital plan includes $37.5 billion in projected investments, focusing on low-risk projects. Management expressed confidence in executing this plan, stating, "Overall, we have a high level of confidence in o...

Read the full WEC Energy Group, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 32 WEC Energy Group, Inc. earnings call transcripts on record, spanning January 30, 2020 to July 29, 2026. Based on this history, WEC Energy Group, Inc. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

WEC

Exchange

NYSE

Country

US

Sector

Utilities

Industry

Multi-Utilities

Calls on record

32

First call

January 30, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly