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Net Income by Segment
Shows the profitability of each business segment, highlighting which areas are driving earnings and which may need strategic adjustments.
Utility earnings are being reshaped: Wisconsin and Illinois show bigger, more volatile inflows tied to large‑customer buildouts and recent regulatory wins, while Non‑Utility Energy Infrastructure and Electric Transmission deliver steadier upward contribution—matching management’s comments on data‑center demand, PTCs and insurance recoveries. Corporate & Other is persistently negative as financing, tax timing and higher interest costs fund the ambitious capex plan, so near‑term EPS upside will rely on execution of VLC protections and infrastructure growth offsetting weather and corporate financing pressure.
WEC Net Income by Segment
| Date | Corporate & Other | Wisconsin | Illinois | Other States | Non-Utility Energy Infrastructure | Electric Transmission |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | -$92.60M | $208.20M | $19.50M | $1.20M | $118.70M | $44.20M |
| Mar 31, 2026 | $7.30M | $408.10M | $188.90M | $37.60M | $120.60M | $41.90M |
| Dec 31, 2025 | -$59.50M | $231.20M | -$48.10M | $23.10M | $132.10M | $37.80M |
| Sep 30, 2025 | -$95.80M | $281.30M | -$30.50M | -$8.90M | $87.90M | $37.30M |
| Jun 30, 2025 | -$81.00M | $182.40M | $22.60M | $3.50M | $82.30M | $35.60M |
| Mar 31, 2025 | -$2.60M | $359.90M | $178.10M | $43.10M | $108.80M | $36.90M |
| Dec 31, 2024 | -$35.80M | $226.80M | $87.50M | $19.00M | $108.20M | $47.80M |
| Sep 30, 2024 | -$62.10M | $237.80M | -$48.60M | -$3.70M | $85.00M | $31.70M |
| Jun 30, 2024 | -$71.80M | $132.10M | $25.70M | $600.00K | $93.30M | $31.40M |
| Mar 31, 2024 | $5.40M | $266.40M | $187.50M | $38.60M | $94.30M | $30.10M |
| Dec 31, 2023 | -$61.40M | $165.40M | -$27.90M | $17.20M | $94.20M | $31.00M |
| Sep 30, 2023 | -$42.90M | $243.10M | $24.70M | -$6.00M | $67.40M | $29.70M |
| Jun 30, 2023 | -$44.70M | $185.60M | $30.10M | $3.70M | $85.90M | $29.10M |
| Mar 31, 2023 | -$13.80M | $257.20M | $113.10M | $33.20M | $88.50M | $29.30M |
| Dec 31, 2022 | -$37.90M | $127.00M | $42.20M | $11.60M | $81.60M | $28.20M |
| Sep 30, 2022 | -$17.20M | $194.90M | $14.90M | -$6.10M | $71.00M | $44.50M |
| Jun 30, 2022 | -$29.30M | $148.40M | $56.40M | $2.70M | $80.30M | $29.00M |
| Mar 31, 2022 | $13.60M | $288.10M | $113.40M | $31.50M | $91.50M | $27.80M |
| Dec 31, 2021 | -$39.60M | $106.20M | $48.20M | $11.30M | $74.60M | $23.50M |
| Sep 30, 2021 | -$16.10M | $197.50M | $19.10M | -$2.70M | $64.40M | $27.80M |
| Jun 30, 2021 | -$12.40M | $146.50M | $43.60M | $2.50M | $68.80M | $27.00M |
| Mar 31, 2021 | $17.60M | $256.30M | $112.10M | $24.70M | $71.40M | $28.00M |
