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WEC Energy Group (WEC) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 4, 2026

WEC Energy Group (WEC) reported revenue of $2.1B for the second quarter 2026 (Q2 2026), +3% from a year earlier and -40% from the quarter before. Operating margin was 21.0%, net earnings $299M (14.5% of revenue).

Revenue$2.1B
Year over year+3%
Quarter over quarter-40%
Operating margin21.0%
Net earnings$299M

WEC Energy Group, Q2 2026: revenue $2.1B (+3% year over year), operating margin 21.0%, net earnings $299M, operating cash flow $992M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$2.1B-40%+3%
Operating profit$433M-56%+7%
Net earnings$299M-63%+22%
Operating cash flow$992M-19%+16%

What changed

Revenue was $2.1B in Q2 2026, up 3% year over year and down 40% from the previous quarter.

Operating profit was $0.43B, a 21.0% margin (up 0.8 points year over year). Of the extra revenue versus Q2 2025, 53% reached operating profit, above the 20% margin then. Total costs grew 2% against revenue growth of 3%. Net earnings were $0.30B, up 22% year over year. The effective tax rate was 8.2%.

Operating cash flow was $1.0B (up 16% year over year), 330% of net earnings. Non-cash charges added back $0.38B of depreciation and amortization. Working capital and other items added $0.31B. Capital expenditures of $1.3B exceeded it, leaving free cash flow of −$0.27B.

Questions

What was WEC Energy Group's revenue in the second quarter 2026?

WEC Energy Group (WEC) reported revenue of $2.1B for the second quarter 2026 (Q2 2026), +3% from a year earlier and -40% from the quarter before.

Was WEC Energy Group profitable in the second quarter 2026?

Operating profit was $433M (21.0% of revenue) and net earnings $299M.

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Source: WEC Energy Group 10-Q on SEC EDGAR.