WEC Energy Group, Inc. (WEC) Financial Statements

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WEC Energy financial statements at a glance

WEC Energy reported revenue of $9.51 billion for fiscal year 2025 (ended December 31, 2025), up 13.4% from fiscal year 2024. Net income was $1.56 billion, a net margin of 16.4%.

At the end of fiscal year 2025 it had total assets of $51.52 billion, total liabilities of $37.87 billion and shareholders' equity of $13.64 billion, with total debt of $22.31 billion.

Its operations brought in $3.38 billion of cash.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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WEC Energy Group, Inc.

WECUnited States
Utilities
USD (Local)

Income Statement

Annual • USD

Revenue
9.51B
Prev Year: 8.38B
YoY: +13.4%
Total Revenue
-
Other Revenue, Total
293.50M
Prev Year: 217.20M
YoY: +35.1%
Cost of Revenue
3.27B
Prev Year: 2.66B
YoY: +23.0%
Gross Profit
-
SG&A Expenses
7.80M
Prev Year: 5.80M
YoY: +34.5%
Operating Expense
-
Operations & Maintenance
2.39B
Prev Year: 2.15B
YoY: +11.2%
Depreciation/Amortization
1.48B
Prev Year: 1.35B
YoY: +9.2%
Net Non Operating Interest Income Expense
-
Other Operating Expenses, Total
280.10M
Prev Year: 266.50M
YoY: +5.1%
Other Income Expense
-
Operating Expenses
7.56B
Prev Year: 6.42B
YoY: +17.6%
Pre-tax Income
-
Operating Income
2.24B
Prev Year: 2.18B
YoY: +3.2%
Interest Inc.(Exp.),Net-Non-Op., Total
-675.70M
Prev Year: -574.20M
YoY: -17.7%
Net Income Common Stockholders
-
Other, Net
4.50M
Prev Year: 84.80M
YoY: -94.7%
Diluted NI Available to Com Stockholders
-
Net Income Before Taxes
1.67B
Prev Year: 1.75B
YoY: -4.2%
Total Operating Income as Reported
-
Provision for Income Taxes
118.00M
Prev Year: 222.00M
YoY: -46.8%
Total Expenses
-
Net Income After Taxes
1.56B
Prev Year: 1.52B
YoY: +2.0%
Net Income from Continuing and Discontinued Operation
-
Net Income Before Extra. Items
1.56B
Prev Year: 1.53B
YoY: +2.0%
Normalized Income
-
Net Income
1.56B
Prev Year: 1.53B
YoY: +2.0%
Interest Expense
-
Total Adjustments to Net Income
-1.20M
Prev Year: -1.20M
YoY: 0.0%
Net Interest Income
-
Income Available to Com Excl ExtraOrd
1.56B
Prev Year: 1.53B
YoY: +2.0%
EBIT
-
Income Available to Com Incl ExtraOrd
1.56B
Prev Year: 1.53B
YoY: +2.0%
EBITDA
-
Diluted Net Income
1.56B
Prev Year: 1.53B
YoY: +2.0%
Reconciled Cost of Revenue
-
Diluted Weighted Average Shares
323.80M
Prev Year: 316.50M
YoY: +2.3%
Reconciled Depreciation
-
Diluted EPS Excluding ExtraOrd Items
4.81
Prev Year: 4.825
YoY: -0.3%
Net Income from Continuing Operation Net Minority Interest
-
DPS - Common Stock Primary Issue
3.57
Prev Year: 3.34
YoY: +6.9%
Total Unusual Items Excluding Goodwill
-
Diluted Normalized EPS
5.183
Prev Year: 4.795
YoY: +8.1%
Total Unusual Items
-
Unusual Expense (Income)
130.00M
Prev Year: -11.00M
YoY: +1281.8%
Normalized EBITDA
-
Minority Interest
3.20M
Prev Year: 4.10M
YoY: -22.0%
Tax Rate for Calcs
-
Values in USD

WEC Energy key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$9.5B$8.4B$8.7B$9.5B$8.3B
Gross profit––––$3.0B
Operating income$2.2B$2.2B$1.9B$1.9B$1.7B
Net income$1.6B$1.5B$1.3B$1.4B$1.3B
Diluted EPS––––$4.11
Total assets$51.5B$47.4B$43.9B$41.9B$39.0B
Total liabilities$37.9B$34.9B$32.2B$30.5B$27.9B
Shareholders' equity$13.6B$12.4B$11.8B$11.4B$10.9B
Cash––––$16.3M
Total debt$22.3B$20.3B$18.8B$17.3B$15.6B
Operating cash flow$3.4B$3.2B$3.0B$2.1B$2.0B
Capital spending––––$2.3B
Free cash flow––––-$220.1M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.

Questions and answers

What was WEC Energy's revenue in fiscal year 2025?

$9.51 billion, up 13.4% from $8.38 billion in fiscal year 2024.

How much profit does WEC Energy make?

WEC Energy reported net income of $1.56 billion for fiscal year 2025 (16.4% of revenue); operating income was $2.24 billion.

How much cash and debt does WEC Energy have?

At the end of fiscal year 2025: total debt of $22.31 billion.

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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