WEC Energy Group Reports Strong First-Quarter Performance

MILWAUKEE, May 6, 2025 — WEC Energy Group Inc. (NYSE: WEC), a leading electric and natural gas delivery company, has announced robust first-quarter results for 2025, showcasing significant growth and operational excellence. The company reported a net income of $724.2 million, or $2.27 per share, marking a notable increase from the $622.3 million, or $1.97 per share, earned in the same period last year. Consolidated revenues reached $3.1 billion, up by $469.3 million compared to the first quarter of 2024.

Scott Lauber, President and CEO of WEC Energy Group, attributed the positive results to sustained economic growth in the company’s service regions and a steadfast commitment to operational excellence. “We will continue to execute on the fundamentals — customer satisfaction, financial performance, and steady execution of our capital plan,” Lauber stated, emphasizing the company’s strategic focus.

The first quarter saw a 15.5 percent increase in natural gas deliveries in Wisconsin, excluding those used for power generation, compared to the same period last year. However, on a weather-normal basis, these deliveries were 0.5 percent lower. Retail electricity deliveries, excluding the iron ore mine in Michigan’s Upper Peninsula, rose by 2.9 percent. Small commercial and industrial electricity consumption increased by 2.1 percent, while large commercial and industrial customers, excluding the iron ore mine, saw a 1.1 percent rise in electricity use.

WEC Energy Group, which operates in Wisconsin, Illinois, Michigan, and Minnesota, continues to demonstrate strong financial health with a market capitalization of $34.71 billion and a price-to-earnings ratio of 22.54. The company’s close price on May 4, 2025, was $108.7, reflecting investor confidence in its growth trajectory.

As WEC Energy Group moves forward, it remains focused on delivering value to its customers and shareholders through strategic investments and operational improvements. The company’s commitment to maintaining high standards of service and financial performance positions it well for continued success in the competitive utilities sector.