WEC Energy’s Massive Capex Surge—A Bold Bet on the Future of Power?

WEC Energy Group recently reported its financial results for the third quarter of 2025, showcasing progress and challenges within the company. The company announced earnings per share of $0.83 for this quarter, signaling a year-over-year improvement when compared to adjusted earnings from the same period last year. For the full year, WEC Energy Group reaffirmed its earnings guidance, predicting a range between $5.17 and $5.27 per share, assuming normal weather patterns continue for the remainder of the year. A cornerstone of WEC Energy Group’s strategy is its ambitious five-year capital plan, outlining nearly $36.5 billion in investments across various infrastructure projects from 2026 to 2030. This represents a significant $8.5 billion increase over previous projections. The capital infusion is driven by anticipated growth in electric demand, notably due to large-scale projects by major firms such as Microsoft and Vantage Data Centers in Wisconsin.