Description

WEC Energy’s $37.5 Billion Buildout Targets A Massive Data Center Power Boom!

WEC Energy Group reported second quarter 2026 earnings of $0.91 per share, representing a $0.15 increase from the same period in 2025. The results reflect the company’s focus on operational execution, financial discipline, and efficiency, positioning it on track to meet its full-year earnings guidance of $5.51 to $5.61 per share, assuming normal weather conditions for the remainder of the year. Weather negatively impacted earnings in the quarter by approximately $0.05 compared to last year, though rate base growth and increased equity returns from capital projects contributed positively, alongside sales growth and tax benefits. Higher depreciation, amortization expenses, and operations and maintenance costs partially offset these gains. Retail electric sales grew on a weather-normalized basis by 4.2%, driven mainly by Very Large Customer (VLC) demand, with sales outside the iron ore mine and VLCs growing 1.2%.