Filing Flows › WEC Energy Group (WEC) › Q1 2025
WEC Energy Group (WEC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
WEC Energy Group (WEC) reported revenue of $3.1B for the first quarter 2025 (Q1 2025), +18% from a year earlier and +38% from the quarter before. Operating margin was 29.8%, net earnings $726M (23.0% of revenue).
WEC Energy Group, Q1 2025: revenue $3.1B (+18% year over year), operating margin 29.8%, net earnings $726M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | +38% | +18% |
| Operating profit | $938M | +59% | +15% |
| Net earnings | $726M | +60% | +17% |
| Operating cash flow | $1.2B | +100% | +35% |
| Free cash flow | $462M | — | +10% |
What changed
Revenue was $3.1B in Q1 2025, up 18% year over year and up 38% from the previous quarter.
Operating profit was $0.94B, a 29.8% margin (down 0.6 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, below the 30% margin then. Total costs grew 18% against revenue growth of 18%. The fastest-growing cost line was Cost of revenue (+26%). Net earnings were $0.72B, up 16% year over year. The effective tax rate was 7.7%.
Operating cash flow was $1.2B (up 35% year over year), 160% of net earnings. Non-cash charges added back $0.36B of depreciation and amortization. Working capital and other items added $0.08B. Capital expenditures of $0.70B left free cash flow of $0.46B.
Questions
What was WEC Energy Group's revenue in the first quarter 2025?
WEC Energy Group (WEC) reported revenue of $3.1B for the first quarter 2025 (Q1 2025), +18% from a year earlier and +38% from the quarter before.
Was WEC Energy Group profitable in the first quarter 2025?
Operating profit was $938M (29.8% of revenue) and net earnings $726M.
Source: WEC Energy Group 10-Q on SEC EDGAR.