Filing Flows › Wisconsin Electric Power (WELPP) › Q3 2025
Wisconsin Electric Power (WELPP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Wisconsin Electric Power (WELPP) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +19% from the quarter before. Operating margin was 28.2%, net earnings $197M (16.4% of revenue).
Wisconsin Electric Power, Q3 2025: revenue $1.2B (+11% year over year), operating margin 28.2%, net earnings $197M, operating cash flow $427M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +19% | +11% |
| Operating profit | $339M | +36% | +6% |
| Net earnings | $197M | +66% | +16% |
| Operating cash flow | $427M | +143% | +10% |
What changed
Revenue was $1.2B in Q3 2025, up 11% year over year and up 19% from the previous quarter.
Operating profit was $0.34B, a 28.2% margin (down 1.5 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, below the 30% margin then. Total costs grew 14% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $0.20B, up 16% year over year. The effective tax rate was 15.5%.
Operating cash flow was $0.43B (up 10% year over year), 217% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization. Working capital and other items added $0.07B. Capital expenditures of $1.0B exceeded it, leaving free cash flow of −$0.61B.
Questions
What was Wisconsin Electric Power's revenue in the third quarter 2025?
Wisconsin Electric Power (WELPP) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +19% from the quarter before.
Was Wisconsin Electric Power profitable in the third quarter 2025?
Operating profit was $339M (28.2% of revenue) and net earnings $197M.