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Mar 31
WEC Energy Q1 2025 Earnings Report
WEC Energy Group reported higher earnings and revenue in Q1 2025 driven by economic growth and increased energy usage.
Key Takeaways
WEC Energy Group posted strong results for Q1 2025, with year-over-year growth in revenue and net income. The company benefited from rising residential and industrial energy consumption and reaffirmed its full-year earnings guidance.
Net income rose to $724.2 million from $622.3 million a year earlier.
Revenue increased to $3.1 billion, up $469.3 million year-over-year.
Residential electricity usage grew 5.5% in the quarter.
WEC reaffirmed its 2025 earnings guidance range of $5.17 to $5.27 per share.
WEC Energy
WEC Energy
WEC Energy Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
WEC Energy reaffirmed its full-year 2025 earnings guidance, reflecting confidence in its capital plan and ongoing performance.
Positive Outlook
- Earnings guidance of $5.17 to $5.27 per share reaffirmed.
- Strong regional economic conditions are driving energy demand.
- Increased electricity and natural gas usage across customer classes.
- Effective cost management contributed to profitability.
- Continued execution of capital plan and infrastructure investments.
Challenges Ahead
- Weather-normalized natural gas deliveries slightly declined.
- Higher interest expense affected net other income.
- Operating expenses increased, including maintenance and depreciation.
- Material and inventory balances declined significantly.
- Energy sector remains exposed to regulatory and weather uncertainties.