WEC ENERGY GROUP, INC.

For the period ended Dec 31, 2025. Filed Feb 20, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 20, 2026

WEC$117.01-0.1%Stored close · as of Nov 10, 2026

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Contents

B. Consolidated Income Statements

(in millions, except per share amounts)	2025	2024	2023
Operating revenues	$9,800.1	$8,599.9	$8,893.0
Operating expenses
Cost of sales	3,265.8	2,656.0	3,191.2
Other operation and maintenance	2,400.8	2,158.0	2,100.5
Impairments related to Illinois segment	130.0	12.1	178.9
Depreciation and amortization	1,478.5	1,354.5	1,264.2
Property and revenue taxes	280.1	266.5	250.2
Total operating expenses	7,555.2	6,447.1	6,985.0
Operating income	2,244.9	2,152.8	1,908.0
Equity in earnings of transmission affiliates	215.8	207.5	177.5
Other income, net	107.9	178.2	177.7
Interest expense	895.1	815.3	727.4
Gain on debt extinguishments	—	(23.1)	(0.5)
Other expense	(571.4)	(406.5)	(371.7)
Income before income taxes	1,673.5	1,746.3	1,536.3
Income tax expense	118.0	222.0	204.6
Net income	1,555.5	1,524.3	1,331.7
Preferred stock dividends of subsidiary	1.2	1.2	1.2
Net loss attributed to noncontrolling interests	3.2	4.1	1.2
Net income attributed to common shareholders	$1,557.5	$1,527.2	$1,331.7
EPS
Basic	$4.84	$4.83	$4.22
Diluted	$4.81	$4.83	$4.22
Weighted average common shares outstanding
Basic	321.9	316.2	315.4
Diluted	323.8	316.5	315.9

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.