Filing Flows › WEC Energy Group (WEC) › Q1 2026
WEC Energy Group (WEC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
WEC Energy Group (WEC) reported revenue of $3.4B for the first quarter 2026 (Q1 2026), +9% from a year earlier and +35% from the quarter before. Operating margin was 28.5%, net earnings $806M (23.5% of revenue).
WEC Energy Group, Q1 2026: revenue $3.4B (+9% year over year), operating margin 28.5%, net earnings $806M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | +35% | +9% |
| Operating profit | $980M | +116% | +5% |
| Net earnings | $806M | +154% | +11% |
| Operating cash flow | $1.2B | +187% | +5% |
| Free cash flow | $400M | — | -13% |
What changed
Revenue was $3.4B in Q1 2026, up 9% year over year and up 35% from the previous quarter.
Operating profit was $1.0B, a 28.5% margin (down 1.2 points year over year). Of the extra revenue versus Q1 2025, 15% reached operating profit, below the 30% margin then. Total costs grew 11% against revenue growth of 9%. The fastest-growing cost line was Cost of revenue (+19%). Net earnings were $0.80B, up 11% year over year. The effective tax rate was 6.2%.
Operating cash flow was $1.2B (up 5% year over year), 151% of net earnings. Non-cash charges added back $0.38B of depreciation and amortization. Capital expenditures of $0.82B left free cash flow of $0.40B.
Questions
What was WEC Energy Group's revenue in the first quarter 2026?
WEC Energy Group (WEC) reported revenue of $3.4B for the first quarter 2026 (Q1 2026), +9% from a year earlier and +35% from the quarter before.
Was WEC Energy Group profitable in the first quarter 2026?
Operating profit was $980M (28.5% of revenue) and net earnings $806M.
Source: WEC Energy Group 10-Q on SEC EDGAR.