Filing Flows › Wisconsin Electric Power (WELPP) › Q1 2026
Wisconsin Electric Power (WELPP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Wisconsin Electric Power (WELPP) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +12% from a year earlier and +20% from the quarter before. Operating margin was 27.1%, net earnings $235M (17.8% of revenue).
Wisconsin Electric Power, Q1 2026: revenue $1.3B (+12% year over year), operating margin 27.1%, net earnings $235M, operating cash flow $481M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +20% | +12% |
| Operating profit | $358M | +51% | +4% |
| Net earnings | $235M | +104% | +20% |
| Operating cash flow | $481M | +261% | +23% |
What changed
Revenue was $1.3B in Q1 2026, up 12% year over year and up 20% from the previous quarter.
Operating profit was $0.36B, a 27.1% margin (down 2.2 points year over year). Of the extra revenue versus Q1 2025, 9% reached operating profit, below the 29% margin then. Total costs grew 16% against revenue growth of 12%. The fastest-growing cost line was Cost of revenue (+21%). Net earnings were $0.24B, up 20% year over year. The effective tax rate was 11.4%.
Operating cash flow was $0.48B (up 23% year over year), 205% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization. Working capital and other items added $0.08B. Capital expenditures of $0.53B exceeded it, leaving free cash flow of −$0.05B.
Questions
What was Wisconsin Electric Power's revenue in the first quarter 2026?
Wisconsin Electric Power (WELPP) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +12% from a year earlier and +20% from the quarter before.
Was Wisconsin Electric Power profitable in the first quarter 2026?
Operating profit was $358M (27.1% of revenue) and net earnings $235M.