WEC Energy SEC Filings

WEC Energy Group is providing investors an updated long-term outlook highlighting steady growth, a large capital plan, and ongoing energy transition efforts. The company reports a $36.9 billion market cap as of May 22, 2026, serving 4.8 million retail customers with $51.7 billion of assets and 60% ownership of American Transmission Company.

Management emphasizes a history of consistent performance, including adjusted earnings per share rising to $5.27 in 2025 and 2026 EPS guidance of $5.51–$5.61 per share, supporting a long-term EPS growth outlook of 7.0%–8.0%. The annual dividend rate is $3.81 per share and is expected to grow 6.5%–7%, with a targeted payout ratio of 65%–70% of earnings.

From 2026–2030, WEC plans to invest $37.5 billion, including $12.6 billion in regulated renewables and $7.4 billion in thermal generation and LNG capacity, all within regulated businesses. The company outlines pending Wisconsin and Illinois rate reviews, an approved Illinois rider settlement, and a path to use coal only as backup by 2030 while targeting net carbon-neutral electric generation by 2050.

WEC Energy Group executive Daniel Krueger exercised stock options and sold shares of company stock. On May 19, 2026, he exercised options to acquire 4,665 shares of WEC common stock at an exercise price of $58.305 per share, increasing his direct holdings.

That same day, he executed open-market sales totaling 4,665 shares of common stock in three blocks: 2,000 shares at a weighted average price of $110.8497, 1,000 shares at $110.9190, and 1,665 shares at $111.1142 per share. Following these transactions, Krueger directly holds 7,346 shares of WEC common stock.

He also has an indirect interest in 2,721.856 shares through the WEC Employee Retirement Savings Plan, based on a plan statement dated as of April 30, 2026. This pattern reflects a common exercise-and-sell sequence where options are converted into shares and then partially or fully sold.

WEC Energy Group Vice President and Treasurer Anthony Reese reported a discretionary transaction involving phantom stock units tied to WEC common stock. On this date, 950.6571 phantom stock units were credited at a reference price of $112.58 per unit under the company’s Executive Deferred Compensation Plan.

Following the transaction, Reese held a total of 1,787.424 phantom stock units. These units are to be settled in line with the plan’s terms and include amounts accrued through a dividend reinvestment feature. The filing does not reflect an open-market buy or sell of WEC shares.

WEC Energy Group reported the results of its annual shareholder meeting held on May 7, 2026. Stockholders re-elected all 12 director nominees for terms expiring in 2027, with each receiving over 235 million votes in favor.

Shareholders also approved the ratification of Deloitte & Touche LLP as independent auditors for 2026, with 272,998,864 votes for and 14,173,423 against, and passed the advisory "say-on-pay" vote on named executive officer compensation.

However, proposals to amend the Restated Articles of Incorporation and Bylaws to eliminate supermajority voting requirements did not receive sufficient support, and a stockholder proposal to govern by majority vote was also not approved.

WEC Energy Group is sharing an investor update outlining its long-term growth strategy, capital plan and regulatory agenda. The company targets adjusted earnings per share growth of 7.0%-8.0% annually from a 2025 midpoint of $5.22, supported by a $37.5 billion capital plan for 2026-2030 focused entirely on regulated businesses.

WEC highlights a history of consistent performance, including approximately 6.7% EPS and 6.9% dividend compound annual growth since 2015 and 22 consecutive years of meeting or exceeding the top end of earnings guidance on an adjusted basis. The annual dividend was raised by 6.7% to $3.81 per share and is expected to grow 6.5%-7% with a payout target of 65%-70% of earnings.

The plan includes large investments in regulated renewables, thermal generation, LNG storage, transmission and gas distribution, as well as substantial projects to serve data centers and other very large customers. WEC also describes pending rate reviews in Wisconsin and Illinois, a proposed $2.3 billion Illinois settlement, and its goal to eliminate coal as an energy source by the end of 2032 while maintaining strong credit metrics.

WEC Energy Group, Inc. disclosed that Gale Klappa completed his service as Chairman of the Board on May 7, 2026 after reaching the retirement age set in the company’s Corporate Governance Guidelines.

On May 4, 2026, the Compensation Committee approved accelerating the vesting of Mr. Klappa’s unvested restricted stock awards, covering approximately 1,616 shares, effective the date he completed his service as Chairman. This action recognizes his years of service and contributions to the company.

WEC Energy Group reported higher results for the quarter ended March 31, 2026. Operating revenues rose to $3,434.2 million from $3,149.5 million, driven by stronger electric and natural gas utility revenues across Wisconsin and other states and higher other operating revenues.

Net income reached $806.1 million versus $725.5 million, with net income attributed to common shareholders of $804.4 million. Diluted EPS increased to $2.45 from $2.27 as earnings grew faster than share count. Operating cash flow was strong at $1,218.4 million, funding substantial capital expenditures of $817.9 million while the company also refinanced and added long‑term debt.

The balance sheet showed total assets of $51.7 billion, long‑term debt (including current portion) of $19.9 billion, and common shareholders’ equity of $14.1 billion. WEC continued investing in renewable and regulated infrastructure, managed credit losses under regulatory mechanisms, and maintained a quarterly dividend of $0.9525 per share.

WEC Energy Group reported stronger results for the quarter ended March 31, 2026. Net income attributed to common shareholders rose to $804.4 million, or $2.45 diluted earnings per share, compared with $724.2 million, or $2.27, a year earlier.

Operating revenues increased to $3.43 billion from $3.15 billion, with operating income improving to $980.0 million. Retail electricity deliveries excluding the Michigan iron ore mine grew modestly, led by a 2.7% increase from large commercial and industrial customers and a 0.7% rise from small commercial and industrial customers.

Natural gas deliveries in Wisconsin excluding power generation declined 3.5%, and were 2.1% lower on a weather-normal basis. The company generated $1.22 billion in cash from operating activities and continued significant capital investment with $817.9 million in capital expenditures. WEC reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather.