Every material Form 8-K WEC Energy has filed with the SEC since December 06, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On November 5, 2026, the Public Service Commission of Wisconsin approved rate changes in rate cases filed in April 2026 by Wisconsin Electric Power Company, Wisconsin Gas LLC and Wisconsin Public Service Corporation. The presentation slides attached to the filing list an authorized return on equity of 9.50% and an equity ratio of 53.0%, and say a final written order is expected before year-end.
PSCW approved rate changes on November 5, 2026 for Wisconsin Electric, Wisconsin Gas and Wisconsin Public Service
Authorized return on equity of 9.50% and equity ratio of 53.0%
Earnings sharing: no sharing on the first 15 basis points above the allowed ROE, 50/50 on the next 25 basis points, and 100% to customers beyond 40 basis points
On November 4, 2026, WEC Energy Group entered into an equity distribution agreement allowing it to sell up to $4 billion of common stock through a group of sales agents and forward purchasers. The company expects to receive proceeds only when shares are sold and settled under forward sale agreements, and no proceeds are received from borrowed shares sold initially, so the program could dilute existing shareholders as shares are issued.
Maximum aggregate sales price under the Equity Distribution Agreement is $4 billion of common stock, $0.01 par value.
Sales agents include Barclays, BofA Securities, Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley and Wells Fargo, among others.
Company will not initially receive proceeds from borrowed shares sold by forward sellers; proceeds come at later physical settlement.
WEC Energy Group entered into an underwriting agreement on November 2, 2026, to issue and sell $1.0 billion of 6.750% Series 2026A notes and $1.0 billion of 6.950% Series 2026B notes, both junior subordinated and due 2057. The offering is registered under a Form S-3 and is a debt financing, so it adds $2.0 billion of long-term junior subordinated debt rather than changing equity.
Series 2026A: $1.0 billion principal, 6.750% fixed-to-fixed reset rate, due 2057
Series 2026B: $1.0 billion principal, 6.950% fixed-to-fixed reset rate, due 2057
Underwriters include Citigroup Global Markets, J.P. Morgan Securities, RBC Capital Markets, TD Securities and Wells Fargo Securities
Agreement dated November 2, 2026; 8-K filed November 4, 2026
WEC Energy Group reported third-quarter net income of $389.3 million, or $1.18 per share, compared to $271.3 million, or 83 cents per share, for the same period last year. Driven by favorable weather and capital investments, the company raised and narrowed its full-year 2026 earnings guidance to a range of $5.60 to $5.64 per share. These results demonstrate solid operational performance that directly benefits shareholders.
Third-quarter net income reached $389.3 million, or $1.18 per share, up from $271.3 million, or 83 cents per share, in the third quarter of 2025.
Full-year 2026 earnings guidance was raised and narrowed to a range of $5.60 to $5.64 per share.
Consolidated revenues for the first nine months of 2026 totaled $7.8 billion, an increase of $523.9 million compared to the same period in 2025.
Wisconsin Electric Power Company, a WEC Energy subsidiary, agreed on August 14, 2026 to buy 86% of the capacity, energy, ancillary services and environmental attributes from Units 1 and 2 of the Point Beach Nuclear Power Plant under a 20-year power purchase agreement. The deal still needs approval from the Public Service Commission of Wisconsin, and the company says approval would bring customer savings compared with the current agreement.
Agreement signed August 14, 2026 with NextEra Energy Point Beach LLC covering 86% of Point Beach Units 1 and 2
Unit 1 term runs October 6, 2030 through October 5, 2050; Unit 2 term runs March 9, 2033 through March 8, 2053
Either party may terminate if PSCW approval is not obtained by January 1, 2028, with an automatic extension to July 1, 2028 in certain cases
Approval would replace the current agreement, which expires October 5, 2030 for Unit 1 and March 8, 2033 for Unit 2
WEC Energy Group said Caroline Garcia will become its Vice President and Controller effective August 31, 2026, succeeding William J. Guc, who plans to retire in early 2027. Ms. Garcia most recently served as Director of Audit Services at TXNM Energy and previously spent about 25 years at KPMG LLP. The filing describes a routine senior finance appointment with defined pay terms.
Caroline Garcia, age 50, takes the Vice President and Controller role effective August 31, 2026; agreement dated August 5, 2026
Annual base salary of $335,000, with a short-term plan target of 50% of base salary and a long-term plan target of 70%, prorated to the start date for the short-term award
William J. Guc will become special advisor to the Chief Financial Officer effective August 31, 2026, to support the transition
WEC Energy Group reported second-quarter 2026 net income attributed to common shareholders of $299.2 million, or 91 cents per diluted share, up from $245.4 million, or 76 cents, a year earlier. For the first six months, earnings rose to $3.36 per diluted share from $3.02, and the company reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the rest of the year.
Q2 2026 net income attributed to common shareholders: $299.2 million, or 91 cents diluted, versus $245.4 million, or 76 cents, in Q2 2025
First-half 2026 diluted EPS: $3.36, versus $3.02 a year earlier; consolidated revenues of $5.5 billion, up $337.3 million
2026 earnings guidance reaffirmed at $5.51 to $5.61 per share, assuming normal weather for the remainder of the year
Weather-normal retail electricity deliveries rose 1.2 percent in Q2 2026, while residential use fell 1.1 percent
Gale Klappa completed his service as Chairman of the Board of WEC Energy Group on May 7, 2026, after reaching the retirement age under the company's governance guidelines. The Compensation Committee approved accelerated vesting of about 1,616 unvested restricted shares held by Mr. Klappa, effective the same day, in recognition of his years of service.
Gale Klappa completed his service as Chairman of the Board on May 7, 2026, due to reaching retirement age under company guidelines.
Compensation Committee approved on May 4, 2026 the acceleration of vesting for about 1,616 unvested restricted shares held by Mr. Klappa.
WEC Energy Group reported first-quarter 2026 net income attributed to common shareholders of $804.4 million, or $2.45 per diluted share, up from $724.2 million, or $2.27 per share, a year earlier. Consolidated revenues rose $284.7 million to $3.4 billion, and the company reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the rest of the year.
Net income attributed to common shareholders rose to $804.4 million from $724.2 million a year earlier
Diluted EPS was $2.45 versus $2.27 in the first quarter of 2025
Operating revenues were $3,434.2 million versus $3,149.5 million, up $284.7 million
2026 EPS guidance of $5.51 to $5.61 was reaffirmed; retail electricity deliveries rose 1.1 percent
WEC Energy Group reported 2025 GAAP earnings of $4.81 per share, down slightly from $4.83 in 2024, after a 46-cent charge tied to a proposed settlement with the Illinois Attorney General. Excluding the charge, adjusted EPS rose 8.0% to $5.27, and revenue grew $1.2 billion to $9.8 billion, while the company reaffirmed its 2026 EPS guidance of $5.51 to $5.61 for shareholders.
2025 GAAP net income was $1.6 billion, or $4.81 per share, versus $1.5 billion, or $4.83 per share, in 2024
Full-year 2025 results include a charge of 46 cents per share tied to a proposed settlement with the Illinois Attorney General
Consolidated revenues were $9.8 billion for 2025, up $1.2 billion from 2024
Company reaffirmed 2026 EPS guidance of $5.51 to $5.61 and declared a quarterly dividend of 95.25 cents per share, up 6.7%
Illinois utility subsidiaries PGL and NSG agreed to a proposed settlement with the Illinois Attorney General that would resolve open QIP and UEA rider proceedings, subject to Illinois Commerce Commission approval. Because of the settlement, WEC Energy's 2025 results will reflect a $205 million, or $0.46 per share, charge, up from the $150 million it had previously expected to record.
2025 charge of $205 million, or $0.46 per share, replaces the previously expected $150 million charge
PGL will permanently remove $130.0 million of qualified infrastructure investment costs from rate base starting in 2027
Bill credits over 2026-2028 total $75.0 million for PGL (QIP), plus $49.0 million for PGL and $1.0 million for NSG (UEA)
Rate base reduction and bill credit obligation recorded on the balance sheet at December 31, 2025 total $255.0 million
WEC Energy Group said its 2025 results will reflect a $150 million charge, or $0.34 per share, from an increase in reserves tied to Illinois Commerce Commission orders and unresolved regulatory dockets. Its GAAP earnings guidance for 2025 falls to $4.83 to $4.93 per share, while adjusted guidance of $5.17 to $5.27 per share is unchanged, with the company expecting the upper end of that range. The company also said Peoples Gas and North Shore Gas filed Illinois rate requests on January 5, 2026, for new rates starting in 2027.
$150 million charge for increased reserves, equal to $0.34 per share, reflected in 2025 results
2025 GAAP EPS guidance of $4.83 to $4.93; adjusted (non-GAAP) guidance unchanged at $5.17 to $5.27
Peoples Gas proposed base rate increase of $202.2 million and North Shore Gas of $14.4 million, with an order expected in Q4 2026
Year-end earnings call scheduled for February 5, 2026
On December 4, 2025, WEC Energy Group's Compensation Committee set the performance measures and weightings for 2026 annual incentives and 2026 performance unit awards for named executive officers. The annual incentive is weighted mainly on earnings per share (75%) and cash flow (25%) for most executives, with Wisconsin utility net income added for Wisconsin-focused roles. The filing sets pay criteria only and reports no financial results or pay amounts.
Annual incentive for most NEOs: earnings per share 75% weight and cash flow 25% weight, adjustable by up to 10% for customer satisfaction, safety and diversity/workforce goals.
Wisconsin-focused NEOs: earnings per share 25%, cash flow 25% and Wisconsin utility aggregate net income 50%.
2026 performance unit awards: three-year total shareholder return versus a custom peer group (55%) and weighted average authorized return on equity of utility subsidiaries (45%), with a stock price to earnings ratio measure that can raise v
Vesting is capped at 200% of the target award; the filing is dated December 5, 2025.
WEC Energy Group reported third-quarter 2025 net income of $271.3 million, or 83 cents per share, up from $240.1 million, or 76 cents per share, a year earlier. The company reaffirmed its 2025 earnings guidance of $5.17 to $5.27 per share, assuming normal weather for the rest of the year, which gives shareholders a reaffirmed outlook alongside higher results.
Q3 2025 net income was $271.3 million, or 83 cents per share, versus $240.1 million, or 76 cents per share, in Q3 2024.
Nine-month 2025 net income was $1.24 billion, or $3.85 per share, versus $1.07 billion, or $3.40 per share, a year earlier.
The 2025 earnings guidance of $5.17 to $5.27 per share was reaffirmed, assuming normal weather for the remainder of the year.
Consolidated revenues for the nine months totaled $7.3 billion, up $947.3 million year over year.
WEC Energy Group reported second-quarter 2025 net income attributed to common shareholders of $245.4 million, or 76 cents per diluted share, up from $211.3 million, or 67 cents, a year earlier. The company also reaffirmed its 2025 earnings guidance of $5.17 to $5.27 per share, assuming normal weather for the rest of the year, which gives shareholders a clear view of the full-year outlook.
Q2 2025 net income attributed to common shareholders: $245.4 million, versus $211.3 million in Q2 2024
Six-month 2025 net income: $969.6 million, or $3.02 per diluted share, versus $833.6 million, or $2.64, a year earlier
Consolidated revenues for the first six months of 2025 were $5.2 billion, up $706.8 million from the first half of 2024
2025 earnings guidance reaffirmed at $5.17 to $5.27 per share, assuming normal weather for the remainder of the year
WEC Energy's board appointed Michael Hooper as Executive Vice President and Chief Operating Officer effective May 11, 2025, while he keeps his role as President of the Wisconsin Utilities and takes on presidencies at two more utility subsidiaries. The filing also says director Curt Culver left the board on May 8, 2025, and his unvested restricted stock vesting was accelerated.
Michael Hooper named Executive Vice President and Chief Operating Officer, effective May 11, 2025
Hooper's annual base salary rises by $24,000 to $713,000, prorated from May 11, 2025
Hooper's 2025 targets are 85% of base salary under the short-term plan and 190% under the long-term plan
Curt Culver completed his service as a director on May 8, 2025; about 1,707 restricted shares vest early
WEC Energy Group reported first-quarter 2025 net income attributed to common shareholders of $724.2 million, or $2.27 per diluted share, up from $622.3 million, or $1.97 per share, a year earlier. Revenue rose to $3.1 billion, up $469.3 million, and the company reaffirmed its 2025 earnings guidance of $5.17 to $5.27 per share, assuming normal weather for the rest of the year.
Net income attributed to common shareholders was $724.2 million, or $2.27 per diluted share, versus $622.3 million, or $1.97 per share, in the first quarter of 2024.
Consolidated revenues totaled $3.1 billion, up $469.3 million from a year earlier.
The company reaffirmed 2025 earnings guidance of $5.17 to $5.27 per share, assuming normal weather for the remainder of the year.
Natural gas deliveries in Wisconsin, excluding power generation use, rose 15.5 percent; on a weather-normal basis they were 0.5 percent lower.
WEC Energy Group reported fourth-quarter and full-year 2024 results. Full-year GAAP net income was $1.5 billion, or $4.83 per share, up from $4.22 in 2023, while consolidated revenue fell $293.1 million to $8.6 billion. The company reaffirmed its 2025 earnings guidance of $5.17 to $5.27 per share.
Full-year 2024 GAAP earnings were $4.83 per share; adjusted earnings were $4.88 per share, up 5.4% from $4.63 in 2023.
Fourth-quarter 2024 GAAP net income was $453.5 million, or $1.43 per share, compared with $218.5 million, or 69 cents per share, in the fourth quarter of 2023.
Calendar 2025 earnings are expected to be $5.17 to $5.27 per share, a range the company reaffirmed.
The board declared a quarterly dividend of 89.25 cents per share on Jan. 16, a 6.9% increase.
On December 5, 2024, WEC Energy Group's Compensation Committee set the performance measures for 2025 annual incentives and performance unit awards for executives. Incentives are primarily based on earnings per share (75% weight) and cash flow (25% weight), with Wisconsin utility net income added for some executives. The filing describes how executive pay will be tied to results, but it does not report any financial results or change any officer.
Annual incentive for named executive officers: earnings per share 75% and cash flow 25% for most; Wisconsin utility net income 50% for Wisconsin-focused executives
Awards can be raised or lowered by up to 10% based on customer satisfaction, safety and diversity measures
2025 performance unit awards use total shareholder return vs. a custom peer group (55%) and weighted average authorized return on equity (45%), capped at 200% of target
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