Filing Flows › Wisconsin Electric Power (WELPP) › Q4 2025
Wisconsin Electric Power (WELPP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Wisconsin Electric Power (WELPP) reported revenue of $1.1B for the fourth quarter 2025 (Q4 2025), +15% from a year earlier and -8% from the quarter before. Operating margin was 21.5%, net earnings $115M (10.4% of revenue).
Wisconsin Electric Power, Q4 2025: revenue $1.1B (+15% year over year), operating margin 21.5%, net earnings $115M, operating cash flow $133M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -8% | +15% |
| Operating profit | $237M | -30% | -6% |
| Net earnings | $115M | -42% | -8% |
| Operating cash flow | $133M | -69% | -49% |
What changed
Revenue was $1.1B in Q4 2025, up 15% year over year and down 8% from the previous quarter.
Operating profit was $0.24B, a 21.5% margin (down 4.7 points year over year). Operating profit fell $0.01B even though revenue rose $0.14B versus a year earlier, so costs grew faster than sales. Total costs grew 22% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $0.12B, down 8% year over year. The effective tax rate was 16.3%.
Operating cash flow was $0.13B (down 49% year over year), 116% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization. Working capital and other items used $0.14B. Capital expenditures of $0.83B exceeded it, leaving free cash flow of −$0.70B.
Questions
What was Wisconsin Electric Power's revenue in the fourth quarter 2025?
Wisconsin Electric Power (WELPP) reported revenue of $1.1B for the fourth quarter 2025 (Q4 2025), +15% from a year earlier and -8% from the quarter before.
Was Wisconsin Electric Power profitable in the fourth quarter 2025?
Operating profit was $237M (21.5% of revenue) and net earnings $115M.