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Wisconsin Public Service earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026
Q3 2026 Revenue up 4% year over year to $483M · 25¢ of every $1 of revenue kept as net profit · operating margin 33.8%
Wisconsin Public Service made $483M in Q3 2026 (+4% Y/Y). Operating margin 33.8%, net earnings $122M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
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What changed this quarter
Revenue was $482.7M in Q3 2026, up 4% year over year and up 18% from the previous quarter.
Operating profit was $163.1M, a 33.8% margin (up 4.2 points year over year). Of the extra revenue versus Q3 2025, 154% reached operating profit, above the 30% margin then. Total costs fell 3% while revenue rose 4%. Net earnings were $121.7M, up 26% year over year. The effective tax rate was 16.4%.
Operating cash flow was $270.5M (up 28% year over year), 222% of net earnings. Non-cash charges added back $70.3M of depreciation and amortization. Working capital and other items added $78.5M. Capital expenditures of $202.6M left free cash flow of $67.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $483M | +4% | 33.8% | $122M | $270M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $408M | -0.7% | 19.5% | $55.3M | $128M |
| Q1 2026 | 10-Q | May 7, 2026 | $564M | +13% | 20.5% | $83.9M | $172M |
| Q4 2025 | 10-K | Feb 20, 2026 | $461M | +17% | 21.1% | $66.3M | $31.9M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $466M | +16% | 29.6% | $96.3M | $211M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $410M | +22% | 21.3% | $55.2M | $78.7M |
| Q1 2025 | 10-Q | May 7, 2025 | $499M | +17% | 22.5% | $75.8M | $193M |
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About Wisconsin Public Service
In this report, when we refer to "us," "we," "our," or "ours," we are referring to Wisconsin Public Service Corporation. The term "utility" refers to our regulated activities, while the term "non-utility" refers to our activities that are not regulated. References to "Notes" are to the Notes to Financial Statements included in this Annual Report on Form 10-K. We are an indirect, wholly owned subsidiary of WEC Energy Group and were incorporated in the state of Wisconsin in 1883. We serve customers in northeastern and central Wisconsin. We conduct our business primarily through our utility reportable segment.
In its own words, from its 10-K, filed Feb 20, 2026.
Wisconsin Public Service against its Electric & Other Services Combined peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +7%. Operating margin: 33.8% against the peers' median 22.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| Wisconsin Public Service | Q3 2026 | $483M | +4% | 33.8% |
| DUK Duke Energy | Q3 2026 | $9.1B | +7% | 30.2% |
| Pepco Holdings LLC | Q3 2026 | $7.3B | +9% | 18.8% |
| EXC Exelon | Q1 2026 | $7.2B | +8% | 22.2% |
| PCG PG&E | Q3 2026 | $6.2B | -1% | 20.2% |
| ED Consolidated Edison | Q3 2026 | $4.9B | +8% | 23.8% |
| XEL Xcel Energy | Q3 2026 | $4.2B | +7% | 28.5% |
| Consolidated Edison Co of New York | Q2 2026 | $4.1B | +13% | 13.6% |
| PEG Public Service Enterprise Group | Q3 2026 | $3.0B | -6% | 20.6% |
Source: Wisconsin Public Service 10-Q on SEC EDGAR · CIK 107833 · Electric & Other Services Combined