Filing Flows › WEC Energy Group (WEC) › Q4 2025
WEC Energy Group (WEC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
WEC Energy Group (WEC) reported revenue of $2.5B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +21% from the quarter before. Operating margin was 17.9%, net earnings $317M (12.5% of revenue).
WEC Energy Group, Q4 2025: revenue $2.5B (+11% year over year), operating margin 17.9%, net earnings $317M, operating cash flow $425M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | +21% | +11% |
| Operating profit | $453M | +0.7% | -23% |
| Net earnings | $317M | +17% | -30% |
| Operating cash flow | $425M | -55% | -27% |
What changed
Revenue was $2.5B in Q4 2025, up 11% year over year and up 21% from the previous quarter.
Operating profit was $0.45B, a 17.9% margin (down 8.0 points year over year). Operating profit fell $0.14B even though revenue rose $0.25B versus a year earlier, so costs grew faster than sales. Total costs grew 23% against revenue growth of 11%. The fastest-growing cost line was Cost of revenue (+25%). Net earnings were $0.32B, down 30% year over year. The effective tax rate was 1.1%.
Operating cash flow was $0.42B (down 27% year over year), 134% of net earnings. Non-cash charges added back $0.38B of depreciation and amortization. Working capital and other items used $0.27B. Capital expenditures of $1.3B exceeded it, leaving free cash flow of −$0.88B.
Questions
What was WEC Energy Group's revenue in the fourth quarter 2025?
WEC Energy Group (WEC) reported revenue of $2.5B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +21% from the quarter before.
Was WEC Energy Group profitable in the fourth quarter 2025?
Operating profit was $453M (17.9% of revenue) and net earnings $317M.
Source: WEC Energy Group 10-K on SEC EDGAR.