WEC Energy Group WEC reported third-quarter 2025 earnings of 83 cents per share, which surpassed the Zacks Consensus Estimate of 79 cents by 5%. The bottom line also increased 9.2% from the year-ago quarter’s 76 cents.
WEC’s Revenues
Operating revenues of $2.10 billion surpassed the Zacks Consensus Estimate of $2.0 billion by around 4.9%. The top line also increased 12.9% from $1.86 billion recorded in the year-ago quarter.
WEC Energy Group, Inc. Price, Consensus and EPS Surprise
WEC Energy Group, Inc. price-consensus-eps-surprise-chart | WEC Energy Group, Inc. Quote
Highlights of WEC’s Earnings Release
Retail deliveries of electricity, excluding the iron ore mine in Michigan’s Upper Peninsula, increased 1.9% year over year.
Electricity consumption by small commercial and industrial customers increased 1.1% in the third quarter, while that of large commercial and industrial customers, excluding the iron ore mine, rose 2.5%.
On a weather-normal basis, retail deliveries of electricity, excluding the iron ore mine, increased 1.8%.
Total operating expenses were $1.6 billion, up 11.8% from the year-ago level of $1.48 billion. This was due to the higher cost of sales and an increase in other operating and maintenance expenses.
Operating income totaled $449.6 million, up 17.2% from $383.7 million recorded in the year-ago quarter.
The company incurred an interest expense of $223.6 million, up 9.5% from the prior-year level of $204.2 million.
WEC’s Financial Position
As of Sept. 30, 2025, WEC had cash and cash equivalents of $51.1 million compared with $9.8 million as of Dec. 31, 2024.
As of Sept. 30, 2025, the company had a long-term debt of $17.67 billion compared with $17.18 billion as of Dec. 31, 2024.
Net cash provided by operating activities during the first nine months of 2025 was $2.95 billion compared with $2.63 billion in the year-ago period.
WEC’s Guidance
WEC reaffirmed its 2025 earnings projection in the range of $5.17-$5.27 per share. The Zacks Consensus Estimate for 2025 EPS is pegged at $5.23, higher than the midpoint of the company’s guided range.
WEC Energy expects to invest $36.5 billion in the 2026-2030 period, which supports 7-8% long-term EPS growth. The company will finance it through cash generated from operations, and by issuing new debt and equity.
WEC’s Zacks Rank
The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Algonquin Power & Utilities AQN is scheduled to report third-quarter results on Nov. 07, before market open. The Zacks Consensus Estimate for earnings is pegged at 6 cents per share, which suggests a year-over-year decrease of 25%.
Avista AVA is scheduled to report third-quarter results on Nov. 05, before market open. The Zacks Consensus Estimate for earnings is pegged at $0.27 per share, which suggests a year-over-year increase of 17.39%.
Ameren AEE is scheduled to report third-quarter results on Nov. 05, before market open. The Zacks Consensus Estimate for earnings is pegged at $2.06 per share, which suggests a year-over-year increase of 10.16%.
Ameren Corporation (AEE) : Free Stock Analysis Report
WEC Energy Group, Inc. (WEC) : Free Stock Analysis Report
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Algonquin Power & Utilities Corp. (AQN) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
