wec: the income statement

MyFinsight

For the quarter ending 2025-09-30, WEC made $2,104M in revenue. $271.3M in net income. Net profit margin of 12.89%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Operating revenues	2,104	2,009.5	3,149.5	1,863.5
Cost of sales	608.1	570.5	1,165.7	520.8
Other operation and maintenance	605.1	596.2	608	566.8
Depreciation and amortization	373.4	368.9	359.9	340.5
Property and revenue taxes	67.8	69	78.4	51.7
Total operating expenses	1,654.4	1,604.6	2,212	1,479.8
Operating income	449.6	404.9	937.5	383.7
Equity in earnings of transmission affiliates	54.8	51.9	53.6	46.7
Other income, net	23.8	26.5	18.1	44
Interest expense	223.6	220.8	223	204.2
Other expense	-145	-142.4	-151.3	-113.5
Income before income taxes	304.6	262.5	786.2	270.2
Income tax expense	34.4	19.5	60.7	31.6
Net income	270.2	243	725.5	238.6
Preferred stock dividends of subsidiary	0.3	0.3	0.3	0.3
Net loss attributed to noncontrolling interests	-1.4	-2.7	1	-1.8
Net income attributed to common shareholders	271.3	245.4	724.2	240.1

Basic (in shares)	323,500,000	320,300,000	318,200,000	316,200,000
Diluted (in shares)	325,600,000	322,200,000	319,300,000	316,500,000