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Filing Flows › Wisconsin Electric Power (WELPP) › Q2 2026 › vs Q1 2026

Wisconsin Electric Power (WELPP) Q2 2026 vs Q1 2026 (quarter over quarter)

Wisconsin Electric Power's revenue fell $266M (-20%) from $1.3B in Q1 2026 to $1.1B in Q2 2026. Operating margin 23.8% against 27.1% (-3.3 pts).

Wisconsin Electric Power, Q2 2026: revenue $1.1B (+5% year over year), operating margin 23.8%, net earnings $150M, operating cash flow $297M. The chart draws each line against Q1 2026, the increases inside each band.

Wisconsin Electric Power: what changed, Q2 2026 vs Q1 2026Wisconsin Electric Power: what changed, Q2 2026 vs Q1 2026Negative free cash flow (OCF …$511MCapital expenditures$326MOperating cash flow−$184MCost of revenue−$161MCosts & expenses−$159MOperating profit−$107MWorking capital & other$101MPre-tax earnings−$96.6MNet earnings−$85.4MIncome tax−$11.2M

Margins

Q2 2026Q1 2026Change
Operating margin23.8%27.1%-3.3 pts
Net margin14.2%17.8%-3.6 pts

Every line

LineQ2 2026Q1 2026Change%
Revenue$1.1B$1.3B−$266M-20%
Operating profit$251M$358M−$107M-30%
Costs & expenses$806M$965M−$159M-17%
Pre-tax earnings$169M$266M−$96.6M-36%
Other expense, net$81.9M$92.4M−$10.5M-11%
Cost of revenue$320M$482M−$161M-33%
Other operating costs$486M$484M$2.0M+0.4%
Net earnings$150M$235M−$85.4M-36%
Income tax$19.2M$30.4M−$11.2M-37%
Depreciation & amortization$167M$165M$2.0M+1%
Working capital & other$20.3M−$80.7M$101M—
Operating cash flow$297M$481M−$184M-38%
Capital expenditures$858M$531M$326M+61%
Negative free cash flow (OCF − capex)$561M$49.8M$511M11×

Questions

How much did Wisconsin Electric Power's revenue grow quarter over quarter in Q2 2026?

Wisconsin Electric Power's revenue fell $266M (-20%) from $1.3B in Q1 2026 to $1.1B in Q2 2026. Operating margin 23.8% against 27.1% (-3.3 pts).

Q2 2026 results → · Compare in the interactive Sankey →