WEC Energy beats Q1 revenue estimates

WEC Energy

05/05/2026 12:11

Overview

U.S. utility's Q1 revenue beat analyst expectations

Q1 net income and EPS rose compared to last yr

Company reaffirmed 2026 earnings guidance of $5.51 to $5.61 per share

Outlook

WEC Energy reaffirms 2026 EPS guidance of $5.51 to $5.61, assuming normal weather

Result Drivers

ELECTRICITY DELIVERIES - Higher retail electricity deliveries, especially to large commercial and industrial customers, supported Q1 results

OPERATING EFFICIENCIES - Co said focus on operating efficiencies contributed to solid Q1 results

NATURAL GAS DELIVERIES - Lower natural gas deliveries in Wisconsin partially offset gains, with a 3.5% yr/yr decrease

Company press release: ID:nPn7y1GQ3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$3.40 bln
$3.32 bln (8 Analysts)
Q1 EPS
$2.45
Q1 Net Income
$804.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for WEC Energy Group Inc is $126.00, about 8.2% above its May 4 closing price of $116.44

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)