WEC Energy Group will engage with investors in upcoming meetings, showcasing its strong market presence with a market capitalization of $34.8 billion and a customer base of 4.7 million. The company is implementing a significant capital plan of $28 billion from 2025 to 2029, which includes investments in electric transmission, gas distribution, and renewable energy sources, aiming to quadruple its carbon-free generation capacity. WEC Energy Group has a history of consistent earnings and dividend growth, with a recent dividend increase of 6.9% for 2025.
The company is also focusing on meeting the energy demands of large customers, including Microsoft, which is developing a $3.3 billion data center in Wisconsin. WEC Energy Group plans to exit coal by 2032 and is investing heavily in renewable energy projects such as solar, wind, and battery storage. Additionally, WEC Energy Group is pursuing innovative energy solutions, including long-duration energy storage projects. The company maintains a healthy balance sheet with strong credit ratings and aims for continued growth in both sales and load demand through 2029.
linkAug 04, 2025 16:16:29
WEC Energy Group reported a net income of $245.4 million, or 76 cents per share, for the second quarter of 2025, an increase from $211.3 million, or 67 cents per share, in the same quarter last year. For the first half of 2025, the company achieved a net income of $969.6 million, or $3.02 per share, compared to $833.6 million, or $2.64 per share, during the first half of 2024. Total consolidated revenues reached $5.2 billion, up $706.8 million from the previous year, with retail electricity deliveries showing a slight increase across various customer categories.
The company reaffirmed its earnings guidance for 2025, projecting earnings per share between $5.17 and $5.27, assuming normal weather conditions for the remainder of the year. WEC Energy Group serves approximately 4.7 million customers across several states and operates a diverse range of utilities and energy infrastructure. The company is a component of the S&P 500 and has about 33,000 stockholders and over $48 billion in assets.
linkJul 30, 2025 07:25:21
WEC Energy Group has outlined its capital plan for 2025-2029, which totals $28 billion, marking the largest five-year plan in the company’s history. The plan focuses on infrastructure improvements across electric transmission, gas distribution, and renewable energy projects, aiming to enhance service reliability and support economic growth. The company also announced a 6.9% increase in its annual dividend to $3.57 per share, continuing its trend of rewarding shareholders with higher dividends for 22 consecutive years.
Additionally, WEC Energy Group plans to phase out coal as an energy source by the end of 2032 and aims to significantly increase its renewable energy capacity, investing $9.1 billion in regulated renewables. The company has set ambitious carbon reduction goals, targeting a 60% reduction in emissions below 2005 levels by 2025 and achieving net carbon neutrality by 2050. This strategic focus on sustainability and infrastructure development is expected to position the company for long-term growth.
linkJun 25, 2025 08:03:14
The Company has offered and sold Notes to Initial Purchasers under exemptions from registration as outlined in the Securities Act of 1933. These Notes are intended for resale to qualified institutional buyers, and the shares of Common Stock that may be issued upon conversion have not been registered and cannot be sold in the U.S. without proper registration or exemption.
A maximum of 8,588,520 shares of Common Stock could be issued upon conversion of the Notes, based on an initial conversion rate. This conversion is subject to anti-dilution adjustments and is expected to follow the exemption provided by Section 3(a)(9) of the Securities Act.
linkJun 10, 2025 16:45:21
WEC Energy Group, Inc. has announced the pricing of $775 million in convertible senior notes due 2028, which is an increase from the previously planned $700 million offering. The notes carry an interest rate of 3.375% and are set to mature on June 1, 2028. The company has also provided an option for initial purchasers to acquire an additional $125 million in notes within a specified period following the issuance. The offering is expected to close on June 10, 2025, pending customary conditions.
The convertible notes will be senior, unsecured obligations, and interest will be paid semiannually. Holders will have the right to convert their notes under certain conditions before March 1, 2028, and at any time thereafter until just before maturity. The initial conversion rate is set at approximately 7.7901 shares per $1,000 principal amount of the notes. WEC Energy Group plans to use the proceeds from this offering for general corporate purposes, including the repayment of short-term debt.
linkJun 06, 2025 09:21:27
WEC Energy Group, Inc. has announced its intention to offer $700 million in convertible senior notes due 2028 in a private offering to qualified institutional buyers. The company may also grant initial purchasers an option to buy an additional $105 million in aggregate principal amount of the notes. The final terms, including conversion price and interest rate, will be established at the time of pricing. The notes will be senior, unsecured obligations, with interest paid semiannually and maturity set for June 1, 2028.
The proceeds from the offering are intended for general corporate purposes, including the repayment of short-term debt. WEC Energy Group serves 4.7 million customers across several states, with operations including various utility services and renewable energy facilities. The offering is subject to market conditions and will not be registered under the Securities Act, meaning the securities may not be sold without proper registration or exemption.
linkJun 05, 2025 06:54:28
WEC Energy Group has reported a market capitalization of $34.9 billion and serves 4.7 million retail customers. The company has achieved a history of consistent earnings growth, with a projected earnings per share (EPS) guidance for 2025 set at $5.22. The company also announced a 6.9% increase in dividends, marking the 22nd consecutive year of dividend growth. WEC Energy Group plans to invest $28 billion in its largest five-year capital plan to enhance its infrastructure, with a focus on renewable energy sources and modernization of its energy generation facilities.
Additionally, WEC Energy Group is committed to reducing its carbon footprint, with goals to eliminate coal as an energy source by the end of 2032 and achieve net carbon neutrality by 2050. The company is also expanding its capacity with significant investments in solar, wind, and battery storage projects. The planned developments are expected to meet increasing electric demand in Wisconsin, driven by large customers such as Microsoft, which is developing a $3.3 billion data center in the region.
linkMay 16, 2025 16:16:20
WEC Energy Group announced a net income of $724.2 million, or $2.27 per share, for the first quarter of 2025, a rise from $622.3 million, or $1.97 per share, in the same period last year. The company's consolidated revenues reached $3.1 billion, reflecting an increase of $469.3 million compared to the first quarter of 2024. The growth was attributed to ongoing economic expansion in the region and improved operational performance. Natural gas deliveries in Wisconsin rose by 15.5 percent, while retail electricity deliveries increased by 2.9 percent year-over-year, with residential electricity use up by 5.5 percent.
WEC Energy Group reaffirmed its earnings guidance for 2025, projecting earnings per share to be between $5.17 and $5.27, assuming normal weather conditions for the remainder of the year. The company continues to focus on customer satisfaction, financial performance, and the execution of its capital plan. A conference call to discuss the first-quarter results and future outlook is scheduled for May 6, 2025.
linkMay 06, 2025 07:26:34
WEC Energy Group announced a market capitalization of $34.4 billion and a customer base of 4.7 million, highlighting a consistent history of earnings and dividend growth. The company raised its dividend by 6.9% in January 2025, marking the 22nd consecutive year of increasing dividends. With a strong capital plan of $28 billion for 2025-2029, WEC is focused on expanding its renewable energy portfolio and meeting increased demand from large customers, including a significant data center project by Microsoft.
However, the company is navigating challenges, including the need to replace approximately 1,100 miles of aging pipeline as directed by the ICC. Additionally, WEC is planning to exit coal as an energy source by the end of 2032 while enhancing its natural gas generation capabilities. The press release also emphasized various risks and uncertainties that could impact future performance, including regulatory changes and economic conditions.
linkApr 04, 2025 16:16:59
WEC Energy Group has announced a market cap of $31.4 billion and serves 4.7 million retail customers. The company has consistently exceeded earnings guidance for 21 years and raised its dividend by 6.9% to $3.57 per share, marking the 22nd consecutive year of increasing dividends. Additionally, the company is focusing on replacing aging infrastructure, with significant investments planned in renewable energy and modernization of its gas fleet, aiming to eliminate coal by 2032 and achieve net carbon neutrality by 2050.
Conversely, the company faces challenges including the regulatory evaluation of its Safety Modernization Program and potential impacts from ongoing economic conditions and legislative changes. The company is also dealing with significant capital expenditures projected at $27.6 billion from 2025 to 2029, which may impact cash flow. Additionally, WEC Energy Group must navigate risks associated with fluctuating market conditions, supply chain disruptions, and changes in energy policies.
linkMar 03, 2025 16:16:22