WEC Energy Group (WEC) Tops Estimates in Q1 Report

WEC Energy Group, Inc. (NYSE:WEC) is included among the 12 Best Electric Utility Stocks to Buy for the Data Center Surge.

WEC Energy Group (WEC) Tops Estimates in Q1 Report

WEC Energy Group, Inc. (NYSE:WEC) provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States.

WEC Energy Group, Inc. (NYSE:WEC) reported strong results for its Q1 2026 on May 5, helped by the higher power sales to residential and industrial customers. The company delivered a profit of $2.45 per share during the quarter, up $0.18 compared to the same period last year and exceeding estimates by $0.15. Its revenue also grew by 9% YoY to $3.43 billion and topped expectations by almost $17 million.

According to WEC, electricity consumption by the large commercial and industrial customers surged by 2.7% YoY during the quarter, while usage among ​small commercial and industrial customers increased by 0.7%. Meanwhile, residential electricity demand ​edged up 0.2% from the same period last year, lifting total retail electricity deliveries by 1.3% YoY, ‌excluding ⁠sales to an iron ore mine.

For the second quarter, WEC Energy Group, Inc. (NYSE:WEC) is targeting an EPS in the range of $0.76 to $0.82 per share. The utility also reaffirmed its full-year 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the rest of the year. Moreover, the company expects long-term EPS growth of 7% to 8% a year on a compound annual basis between 2026 and 2030.

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