Financial insights of WEC

MyFinsight

For the year ending 2025-12-31, WEC made $9,800,100K in revenue. $1,557,500K in net income. Net profit margin of 15.89%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating revenues	9,800,100	8,599,900	8,893,000	9,597,400
Cost of sales	3,265,800	2,656,000	3,191,200	4,358,900
Other operation and maintenance	2,400,800	2,158,000	2,100,500	1,938,000
Impairment related to icc disallowances	-	12,100	178,900	-
Impairments related to illinois segment	130,000	-	-	-
Depreciation and amortization	1,478,500	1,354,500	1,264,200	1,122,600
Property and revenue taxes	280,100	266,500	250,200	253,700
Total operating expenses	7,555,200	6,447,100	6,985,000	7,673,200
Operating income	2,244,900	2,152,800	1,908,000	1,924,200
Equity in earnings of transmission affiliates	215,800	207,500	177,500	194,700
Other income, net	107,900	178,200	177,700	128,800
Interest expense	895,100	815,300	726,900	515,100
Gain on debt extinguishments	0	23,100	0	0
Other expense	-571,400	-406,500	-371,700	-191,600
Income before income taxes	1,673,500	1,746,300	1,536,300	1,732,600
Income tax expense	118,000	222,000	204,600	322,900
Net income	1,555,500	1,524,300	1,331,700	1,409,700
Preferred stock dividends of subsidiary	1,200	1,200	1,200	1,200
Net loss attributed to noncontrolling interests	-3,200	-4,100	-1,200	400
Net income attributed to common shareholders	1,557,500	1,527,200	1,331,700	1,408,100

Basic (in dollars per share)	4.84	4.83	4.22	4.46
Basic (in shares)	321,900,000	316,200,000	315,400,000	315,400,000
Diluted (in dollars per share)	4.81	4.83	4.22	4.45
Diluted (in shares)	323,800,000	316,500,000	315,900,000	316,100,000