WEC Energy Group Reports Strong Second Quarter Results for 2025

WEC Energy Group Reports Robust Second Quarter Performance for 2025

WEC Energy Group, a prominent player in the energy sector, disclosed its second-quarter financial results for 2025, demonstrating notable growth compared to the previous year. The company, which trades on the NYSE under the symbol WEC, achieved a net income of $245.4 million, translating to earnings of 76 cents per share. This marks an increase from $211.3 million, or 67 cents per share, recorded in the same quarter of 2024.

This growth is not limited to the second quarter; WEC Energy Group's overall net income for the first half of 2025 reached $969.6 million, equating to $3.02 per share, which is up from $833.6 million, or $2.64 per share, in the corresponding period in the previous year. Consolidated revenues also reflected a positive trend, amounting to $5.2 billion, marking an increase of $706.8 million from the first half of 2024.

Factors Contributing to Growth

Scott Lauber, the president and CEO of WEC Energy Group, attributed this impressive performance to several key factors. According to Lauber, "A warm start to the summer, steady execution of our capital plan, and a continued focus on operating efficiency were major factors that shaped a strong quarter." This holistic approach has allowed the company to adapt and thrive in the dynamic energy landscape.

In line with this growth trajectory, retail deliveries of electricity (excluding the iron ore mine located in Michigan’s Upper Peninsula) increased by 1.0 percent in the second quarter of 2025 compared to the same quarter last year. Notably, electricity consumption rose among various customer segments, with small commercial and industrial customers seeing a usage increment of 0.6 percent, and large industrial customers (excluding the iron ore mine) experiencing a 0.8 percent uptick. Residential electricity consumption also recorded a healthy growth of 1.6 percent.

When factoring in average weather conditions, retail electricity deliveries were up by 1.1 percent, indicating steady demand despite fluctuating climate conditions during the period. Overall, the company's performance surpasses its initially set earnings guidance of $5.17 to $5.27 per share for 2025, with expectations of maintaining normal weather patterns through the rest of the year.

Looking Ahead

In addition to announcing its strong second-quarter earnings, WEC Energy Group has scheduled a conference call to discuss these results in further detail, set to take place on July 30 at 1 p.m. Central time. This call will be accessible to stakeholders, the media, and the public, providing an opportunity for broader engagement with the company’s strategic outlook.

Interested parties can call in at 888-330-2443, while international callers may reach out to 240-789-2728. A conference ID, 3088105, will be needed for entry, and additional details can be found on the WEC Energy Group website.

After the call, a replay will be available for those who cannot attend, accessible on both the website and via phone until August 13, 2025.

Company Background

WEC Energy Group, headquartered in Milwaukee, is recognized as one of the leading energy companies in the United States, servicing approximately 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota. The company’s extensive portfolio includes prominent utilities such as We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources, and Upper Michigan Energy Resources. Alongside these utilities, its subsidiary, We Power, specializes in the design, construction, and ownership of electric generating plants, contributing to the company’s strategic growth and sustainability goals.

With around 33,000 stockholders, 7,000 employees, and over $48 billion in assets, WEC Energy Group continues to be a key player in the energy sector, demonstrating resilience and growth in a competitive industry landscape.

Overall, the second-quarter results reveal a strong operational performance and a positive outlook as WEC Energy Group navigates through the complexities of the energy market.