WEC Energy Group (NYSE:WEC) reported second-quarter earnings that exceeded analyst forecasts on Wednesday, boosted by warmer summer weather and enhanced operational efficiencies.
Following the announcement, the Milwaukee-based utility’s stock rose 0.80% in after-hours trading.
The company posted adjusted earnings of $0.76 per share for the quarter, outpacing the consensus estimate of $0.72. Revenue climbed to $2.01 billion, beating estimates of $1.88 billion and marking a 13.4% increase from $1.77 billion in the same period last year.
“A warm start to the summer, steady execution of our capital plan and a continued focus on operating efficiency were major factors that shaped a strong quarter,” said Scott Lauber, president and CEO of WEC Energy Group.
Retail electricity deliveries grew 1.0% compared to Q2 2024, driven by a 1.6% rise in residential consumption. On a weather-normalized basis, retail deliveries increased by 1.1%.
The company confirmed its full-year 2025 earnings guidance range of $5.17 to $5.27 per share, consistent with analyst expectations of $5.23. This forecast assumes typical weather conditions for the remainder of the year.
For the first half of 2025, WEC Energy reported net income of $969.6 million, or $3.02 per share, compared with $833.6 million, or $2.64 per share, in the same period last year. Consolidated revenue for the six-month span reached $5.2 billion, up $706.8 million year over year.
Serving 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota, WEC Energy Group operates through its main utilities and oversees assets exceeding $48 billion.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.