Filing Flows › WEC Energy Group (WEC) › Q3 2025
WEC Energy Group (WEC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
WEC Energy Group (WEC) reported revenue of $2.1B for the third quarter 2025 (Q3 2025), +13% from a year earlier and +5% from the quarter before. Operating margin was 21.4%, net earnings $271M (12.9% of revenue).
WEC Energy Group, Q3 2025: revenue $2.1B (+13% year over year), operating margin 21.4%, net earnings $271M, operating cash flow $939M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +5% | +13% |
| Operating profit | $450M | +11% | +17% |
| Net earnings | $271M | +11% | +13% |
| Operating cash flow | $939M | +10% | +29% |
What changed
Revenue was $2.1B in Q3 2025, up 13% year over year and up 5% from the previous quarter.
Operating profit was $0.45B, a 21.4% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 27% reached operating profit, above the 21% margin then. Total costs grew 12% against revenue growth of 13%. The fastest-growing cost line was Cost of revenue (+17%). Net earnings were $0.27B, up 13% year over year. The effective tax rate was 11.3%.
Operating cash flow was $0.94B (up 29% year over year), 347% of net earnings. Non-cash charges added back $0.37B of depreciation and amortization. Working capital and other items added $0.30B. Capital expenditures of $1.6B exceeded it, leaving free cash flow of −$0.65B.
Questions
What was WEC Energy Group's revenue in the third quarter 2025?
WEC Energy Group (WEC) reported revenue of $2.1B for the third quarter 2025 (Q3 2025), +13% from a year earlier and +5% from the quarter before.
Was WEC Energy Group profitable in the third quarter 2025?
Operating profit was $450M (21.4% of revenue) and net earnings $271M.
Source: WEC Energy Group 10-Q on SEC EDGAR.