WEC Energy Group Reports Strong Third Quarter Earnings for 2025
WEC Energy Group (NYSE: WEC), a prominent energy provider based in Milwaukee, has released its financial results for the third quarter of 2025, showing a net income of $271.3 million, equating to 83 cents per share. This figure represents an increase compared to last year’s third-quarter net income, which was $240.1 million or 76 cents per share. Notably, the prior year’s results included a charge of 6 cents per share due to specific capital expenditures under the Qualifying Infrastructure Plant (QIP) rider that were blocked by the Illinois Commerce Commission. Without this limitation, the adjusted earnings for the third quarter of 2024 would have been 82 cents per share.
For the first nine months concluding on September 30, 2025, WEC Energy Group reported a net income of $1.24 billion, or $3.85 per share, marking a substantial rise from $1.07 billion or $3.40 per share during the same period in the previous year. When adjusting for the previously mentioned QIP-related charges, the adjusted earnings for the nine months ending September 30, 2024, amounted to $3.45 per share. The consolidated revenues for the most recent nine months reached $7.3 billion, up by $947.3 million from the same timeframe last year.
Scott Lauber, the company’s president and CEO, expressed confidence in their ongoing performance: “We delivered another solid quarter, and we remain on track for a strong 2025. We are focused on the fundamentals of our business—reliability, financial discipline, customer satisfaction, and building the infrastructure to support the significant economic growth in our region.”
Additional highlights include an increase of 1.9% in retail electricity deliveries during the third quarter compared to the same period last year, excluding outputs from the iron ore mine located in Michigan's Upper Peninsula. Furthermore, electricity consumption climbed by 2.1% among residential customers, while small commercial and industrial usage rose by 1.1%. Large commercial and industrial customers, not factoring in the iron ore mine, exhibited a 2.5% increase in consumption. When adjusted for weather variations, this year's retail electricity deliveries demonstrated a 1.8% increase.
The company has reiterated its earnings guidance for 2025, anticipating earnings to fall within the range of $5.17 to $5.27 per share, contingent upon normal weather patterns for the rest of the year. It’s important to note that the earnings information presented in this report is calculated on a fully diluted basis.
WEC Energy Group reiterated there were no adjustments to GAAP net income or earnings per share figures for the quarter or nine month period ended September 30, 2025. The reconciliation between GAAP net income and adjusted net income figures for the quarter and the same nine months in 2024 is available in their detailed financial statements placed below.
Moving ahead, a conference call has been scheduled for 1 p.m. Central Time on Thursday, October 30, where the company plans to elaborate on its earnings from the third quarter of 2025 and discuss its future outlook. Stakeholders, news media representatives, and the general public are all welcome to join this discussion. The conference call can be accessed at 888-330-2443, with international attendees encouraged to dial 240-789-2728. The conference ID for this call is 3088105.
For those unavailable to listen live, a replay of the call will be available on the WEC Energy Group website and via the phone approximately two hours following the event, remaining accessible until November 13, 2025. The replay can be reached at 800-770-2030 for domestic callers and at 647-362-9199 for international inquiries, using the same conference ID.
WEC Energy Group is widely recognized as one of the nation’s leading energy companies, providing service to approximately 4.7 million customers across the states of Wisconsin, Illinois, Michigan, and Minnesota. Its notable utilities comprise We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources, and Upper Michigan Energy Resources. Additionally, the subsidiary We Power focuses on designing, building, and owning electric generating plants, alongside WEC Infrastructure LLC, which manages a robust collection of renewable energy facilities spread across various states from South Dakota to Texas. As a Fortune 500 company and part of the S&P 500, WEC Energy Group serves around 32,000 shareholders, employs over 7,000 individuals, and oversees assets exceeding $49 billion.
WEC Energy Group also notes that various statements found within this release could be categorized as forward-looking statements in line with the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements clearly represent management’s current outlook and are subject to various risks and uncertainties that may lead to discrepancies between the actual results and projections. Stakeholders are advised to not place undue reliance on these forward-looking statements, which encompass expectations and forecasts related to earnings, growth rates, dividends, and future performance.
Potential factors that could induce significant deviations from these anticipated outcomes include general economic conditions, competitive factors in service territories, regulatory timing and outcomes, operational integration of subsidiaries, fuel costs, personnel changes, extreme weather conditions, industry advancements, asset acquisitions or disposals, potential security breaches, construction risks, labor strikes, capital market accessibility, adjustments in tax legislation, and overall market fluctuations.
In conclusion, WEC Energy Group has demonstrated strong performance in the third quarter of 2025, which indicates a positive outlook for the upcoming quarters, aligning with its ongoing commitment to reliability and customer satisfaction. Investors and stakeholders will be keenly watching how the company navigates the challenges and opportunities in the evolving energy landscape.
For the first nine months concluding on September 30, 2025, WEC Energy Group reported a net income of $1.24 billion, or $3.85 per share, marking a substantial rise from $1.07 billion or $3.40 per share during the same period in the previous year. When adjusting for the previously mentioned QIP-related charges, the adjusted earnings for the nine months ending September 30, 2024, amounted to $3.45 per share. The consolidated revenues for the most recent nine months reached $7.3 billion, up by $947.3 million from the same timeframe last year.
Scott Lauber, the company’s president and CEO, expressed confidence in their ongoing performance: “We delivered another solid quarter, and we remain on track for a strong 2025. We are focused on the fundamentals of our business—reliability, financial discipline, customer satisfaction, and building the infrastructure to support the significant economic growth in our region.”
Additional highlights include an increase of 1.9% in retail electricity deliveries during the third quarter compared to the same period last year, excluding outputs from the iron ore mine located in Michigan's Upper Peninsula. Furthermore, electricity consumption climbed by 2.1% among residential customers, while small commercial and industrial usage rose by 1.1%. Large commercial and industrial customers, not factoring in the iron ore mine, exhibited a 2.5% increase in consumption. When adjusted for weather variations, this year's retail electricity deliveries demonstrated a 1.8% increase.
The company has reiterated its earnings guidance for 2025, anticipating earnings to fall within the range of $5.17 to $5.27 per share, contingent upon normal weather patterns for the rest of the year. It’s important to note that the earnings information presented in this report is calculated on a fully diluted basis.
WEC Energy Group reiterated there were no adjustments to GAAP net income or earnings per share figures for the quarter or nine month period ended September 30, 2025. The reconciliation between GAAP net income and adjusted net income figures for the quarter and the same nine months in 2024 is available in their detailed financial statements placed below.
Moving ahead, a conference call has been scheduled for 1 p.m. Central Time on Thursday, October 30, where the company plans to elaborate on its earnings from the third quarter of 2025 and discuss its future outlook. Stakeholders, news media representatives, and the general public are all welcome to join this discussion. The conference call can be accessed at 888-330-2443, with international attendees encouraged to dial 240-789-2728. The conference ID for this call is 3088105.
For those unavailable to listen live, a replay of the call will be available on the WEC Energy Group website and via the phone approximately two hours following the event, remaining accessible until November 13, 2025. The replay can be reached at 800-770-2030 for domestic callers and at 647-362-9199 for international inquiries, using the same conference ID.
WEC Energy Group is widely recognized as one of the nation’s leading energy companies, providing service to approximately 4.7 million customers across the states of Wisconsin, Illinois, Michigan, and Minnesota. Its notable utilities comprise We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources, and Upper Michigan Energy Resources. Additionally, the subsidiary We Power focuses on designing, building, and owning electric generating plants, alongside WEC Infrastructure LLC, which manages a robust collection of renewable energy facilities spread across various states from South Dakota to Texas. As a Fortune 500 company and part of the S&P 500, WEC Energy Group serves around 32,000 shareholders, employs over 7,000 individuals, and oversees assets exceeding $49 billion.
WEC Energy Group also notes that various statements found within this release could be categorized as forward-looking statements in line with the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements clearly represent management’s current outlook and are subject to various risks and uncertainties that may lead to discrepancies between the actual results and projections. Stakeholders are advised to not place undue reliance on these forward-looking statements, which encompass expectations and forecasts related to earnings, growth rates, dividends, and future performance.
Potential factors that could induce significant deviations from these anticipated outcomes include general economic conditions, competitive factors in service territories, regulatory timing and outcomes, operational integration of subsidiaries, fuel costs, personnel changes, extreme weather conditions, industry advancements, asset acquisitions or disposals, potential security breaches, construction risks, labor strikes, capital market accessibility, adjustments in tax legislation, and overall market fluctuations.
In conclusion, WEC Energy Group has demonstrated strong performance in the third quarter of 2025, which indicates a positive outlook for the upcoming quarters, aligning with its ongoing commitment to reliability and customer satisfaction. Investors and stakeholders will be keenly watching how the company navigates the challenges and opportunities in the evolving energy landscape.
Topics Energy）
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