WEC Energy Group, Inc.
New York Stock ExchangeCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Scott J. Lauber
- Full Time Employees
- 7,151
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 231 West Michigan Street Milwaukee WI United States of America 53201
- IPO Date
- Mar 17, 1980
- CIK
- 0000783325
- Website
- wecenergygroup.com
- Similar Companies
- Business
- WEC Energy Group, Inc. operates as a holding company primarily engaged in the generation, distribution, and delivery of electricity and natural gas. It serves approximately 4.7 million customers across the Midwest, including Wisconsin, Illinois, Michigan, and Minnesota. The company’s main products and services include regulated electric utility services; natural gas distribution and delivery; electric transmission services primarily through its approximately 60% equity interest in American Transmission Company; and nonregulated renewable energy generation. WEC Energy Group manages a diverse portfolio of power plants with an installed capacity of approximately 8,150 megawatts, encompassing coal, natural gas, and renewable energy sources. Its infrastructure consists of over 72,400 miles of electric distribution lines and 47,000 miles of natural gas distribution and transmission lines. The company operates through six reportable segments covering its electric and gas utilities and energy infrastructure businesses. Founded in 1981 and headquartered in Milwaukee, Wisconsin, WEC Energy Group continues to focus on safety, reliability, and sustainable energy provision. The company’s latest major changes include a record $28 billion five-year capital plan announced in 2024, aimed at supporting safety, reliability, and growth. This plan emphasizes modernization and expansion of its natural gas generation capacity with the addition of over 1,900 megawatts of new combustion turbines and engines, investment in liquefied natural gas storage to enhance winter reliability, and $9.1 billion allocated to regulated renewable energy projects to build and own approximately 4,300 megawatts of new capacity. In 2024, WEC Energy Group advanced its energy transition by adding low- and no-carbon generation facilities while retiring older coal plants, making significant progress towards a cleaner energy future. The company also continues to leverage supportive policies and constructive regulation to advance its infrastructure modernization and sustainability goals. WEC Energy Group's operations span regulated electricity and natural gas services along with electric transmission and nonregulated renewable energy segments. Its customer base includes residential, commercial, and industrial users in the Midwest, supported by a balanced generation mix designed to meet growing electric demand reliably and affordably. The company maintains a strong commitment to its sustainability and corporate responsibility initiatives as detailed in its 2024 Corporate Responsibility Report. It continues to integrate its subsidiaries efficiently to optimize operational performance and shareholder value while maintaining steady growth in net income and earnings per share. Overall, WEC Energy Group stands as a leading energy company with a strategic focus on modernization, renewable energy integration, and reliable service across its regional footprint.
Company News
Why Is WEC Energy (WEC) Down 3.4% Since Last Earnings Report?
Callan Family Office LLC Invests $967,000 in WEC Energy Group, Inc. $WEC
6,362 Shares in WEC Energy Group, Inc. $WEC Bought by Advisors Capital Management LLC
Contrasting MDU Resources Group (NYSE:MDU) & WEC Energy Group (NYSE:WEC)
WEC Energy Group's 2025 Corporate Responsibility Report highlights reliability, sustainability and long-term value
WEC Energy Group's 2025 Corporate Responsibility Report highlights reliability, sustainability and long-term value
WEC Energy Group Q2: New Entry Prices For A Key AI Data Center Power Play
WEC Energy Group Q2 Earnings Call Highlights
WEC Q2 Earnings Surpass on Rate Base Growth, Revenues Rise Y/Y
WEC Energy Group Inc (WEC) (Q2 2026) Earnings Call Highlights: Strong EPS Growth and Robust Capital Plan Amid Data Center Demand
WEC Energy Group, Inc. (WEC) Q2 2026 Earnings Call Transcript
WEC Energy posts higher profit as data center demand grows
WEC Energy Group (WEC) Q2 Earnings Beat Estimates
WEC Energy Group reports second-quarter results
Swapping Dominion For WEC Energy Group
5 Boring Utility Stocks That Just Keep Paying
WEC Energy Group, Inc. $WEC Shares Purchased by Bank of Nova Scotia
WEC Energy Group to announce 2026 second-quarter results July 29
WEC Energy Group (WEC) Earnings Expected to Grow: Should You Buy?
Allspring Global Investments Holdings LLC Acquires 7,333 Shares of WEC Energy Group, Inc. $WEC