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WEC Energy Group (WEC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · WEC Energy Group (WEC) Q3 2026 earnings results →
Q3 2026 Revenue up 9% year over year to $2.3B · 17¢ of every $1 of revenue kept as net profit · operating margin 24.6%
WEC Energy Group made $2.3B in Q3 2026 (+9% Y/Y). Operating margin 24.6%, net earnings $390M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $2.3B in Q3 2026, up 9% year over year and up 11% from the previous quarter.
Operating profit was $0.56B, a 24.6% margin (up 3.2 points year over year). Of the extra revenue versus Q3 2025, 61% reached operating profit, above the 21% margin then. Total costs grew 4% against revenue growth of 9%. Net earnings were $0.39B, up 43% year over year. The effective tax rate was 10.7%.
Operating cash flow was $1.2B (up 28% year over year), 308% of net earnings. Non-cash charges added back $0.39B of depreciation and amortization. Working capital and other items added $0.42B. Capital expenditures of $1.2B exceeded it, leaving free cash flow of −$0.04B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $2.3B | +9% | 24.6% | $390M | $1.2B |
| Q2 2026 | 10-Q | Aug 4, 2026 | $2.1B | +3% | 21.0% | $299M | $992M |
| Q1 2026 | 10-Q | May 7, 2026 | $3.4B | +9% | 28.5% | $806M | $1.2B |
| Q4 2025 | 10-K | Feb 20, 2026 | $2.5B | +11% | 17.9% | $317M | $425M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $2.1B | +13% | 21.4% | $271M | $939M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $2.0B | +13% | 20.1% | $245M | $853M |
| Q1 2025 | 10-Q | May 7, 2025 | $3.1B | +18% | 29.8% | $726M | $1.2B |
Charts
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Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About WEC Energy Group
In this report, when we refer to "WEC Energy Group," "the Company," "us," "we," "our," or "ours," we are referring to WEC Energy Group, Inc. and all of its subsidiaries. The term "utility" refers to the regulated activities of the electric and natural gas utility companies, while the term "non-utility" refers to the activities of the electric and natural gas companies that are not regulated, as well as We Power and Bluewater. The term "nonregulated" refers to activities at WECI, which holds interests in several renewable generating facilities, WEC Energy Group holding company, the Integrys holding company, the PELLC holding company, Wispark, Wisvest, WECC, WBS, and PDL. References to "Notes" are to the Notes to Consolidated Financial Statements included in this Annual Report on Form 10-K.
In its own words, from its 10-K, filed Feb 20, 2026.
WEC Energy Group against its Electric & Other Services Combined peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median +8%. Operating margin: 24.6% against the peers' median 22.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WEC WEC Energy Group | Q3 2026 | $2.3B | +9% | 24.6% |
| 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: WEC Energy Group 10-Q on SEC EDGAR · CIK 783325 · Electric & Other Services Combined
Guidance and outlook
13F: who owns WEC and who is buying
More on WEC
- How WEC Energy Group makes money: revenue by segment
- WEC Energy Group next earnings date and what analysts expect
- WEC Energy Group stock forecast, price target and fair value
- Who owns WEC Energy Group stock: holders, funds and Congress trades
- WEC Energy Group guidance and outlook
- Is WEC Energy Group a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results