**WEC Energy Group Reports Fiscal Year 2025 Results**
WEC Energy Group, Inc. (NYSE: WEC) reported net income attributed to common shareholders of $1.56 billion, or $4.81 per diluted share, for the year ended December 31, 2025. This represents an increase of $30.3 million compared to the $1.53 billion, or $4.83 per diluted share, reported for the previous fiscal year. The aggregate market value of the company's common stock held by non-affiliates as of June 30, 2025, was $33.5 billion. As of January 31, 2026, the company had 325,531,361 shares of common stock outstanding.
The company's operating revenues for 2025 totaled $9.80 billion, up from $8.60 billion in 2024. This increase was primarily driven by higher margins from Wisconsin rate orders, increased retail sales volumes, and certain income tax benefits within the Wisconsin segment. The Wisconsin segment contributed $1.05 billion to net income, a $191.7 million increase year-over-year. The non-utility energy infrastructure segment also saw an increase in net income, contributing $411.1 million, up $30.3 million from the previous year, largely due to increased production tax credits from renewable generating facilities.
Strategic developments for WEC Energy Group included continued investments in renewable energy and natural gas-fired generation. The company has received approval from the Public Service Commission of Wisconsin (PSCW) to acquire and construct 955 MW of additional solar-powered generation and 411 MW of battery storage. Additionally, the company has filed requests with the PSCW to acquire and construct 1,333 MW of solar-powered generation and 212 MW of battery storage. The company also received approval from the PSCW to acquire and construct 1,228 MW of additional natural gas-fired generation and has filed requests to acquire and construct 1,660 MW of additional natural gas-fired generation.
Key operational developments included an increase in electric customers to 1,696,600 and natural gas customers to 1,545,000. The company's electric supply mix consisted of 30.5% coal, 24.1% combined cycle natural gas, 7.9% natural gas/oil peaking units, 8.4% renewables, 19.8% nuclear power purchase contracts, 1.5% renewable power purchase contracts, and 6.8% purchased power from MISO. The company forecasts retail electric sales volumes, excluding the Tilden mine, to increase 1.6% for 2026, assuming normal weather. The company's long-term goal is to achieve net carbon neutral electric generation by the end of 2050, with plans to eliminate coal as an energy source by the end of 2032.
About WEC ENERGY GROUP, INC.
WEC Energy Group is a diversified utility holding company providing regulated electric and natural gas services, primarily in Wisconsin and Illinois. It owns and operates generation assets including coal, natural gas, and renewable sources, and manages extensive energy transmission and distribution networks. The company emphasizes environmental sustainability, investing in renewable energy projects and reducing carbon emissions, while serving residential, commercial, and industrial customers in its core markets.
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