WEC Energy Group Inc ( (WEC) ) has released its Q3 earnings. Here is a breakdown of the information WEC Energy Group Inc presented to its investors.
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WEC Energy Group Inc., a leading energy company based in Milwaukee, operates in the utilities sector, providing electricity and natural gas services to 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota. The company is a Fortune 500 entity and part of the S&P 500 index, known for its significant investments in renewable energy infrastructure.
In its latest earnings report, WEC Energy Group announced a net income of $271.3 million, or 83 cents per share, for the third quarter of 2025, marking an increase from the previous year’s $240.1 million, or 76 cents per share. The company also reported a nine-month net income of $1.24 billion, up from $1.07 billion in the same period last year, reflecting strong financial performance.
Key financial highlights include a 1.9% increase in retail electricity deliveries, excluding an iron ore mine, and a rise in electricity consumption by both small and large commercial and industrial customers. Consolidated revenues reached $7.3 billion, a significant increase from the previous year, driven by higher electricity usage and strategic infrastructure investments.
WEC Energy Group’s management remains optimistic about the company’s future, reaffirming its 2025 earnings guidance of $5.17 to $5.27 per share, assuming normal weather conditions for the remainder of the year. The company continues to focus on enhancing its infrastructure and maintaining financial discipline to support regional economic growth.