WEC Energy Group (WEC) FY2025 10-K Annual Report
WEC Energy Group (WEC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 20, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
WEC Energy Group FY2025 10-K Analysis
Business Overview
- • Core business model: Regulated electric and natural gas utilities serving Midwest U.S. states focused on reliable energy delivery and infrastructure development
- • Emphasis on managing financial risks from commodity costs, weather variability, and interest rate increases impacting working capital and earnings
Management Discussion & Analysis
- • Operating cash flow $3.38B in 2025, up $167.6M YoY from higher customer collections and weather-driven sales
- • Capital expenditures $4.40B in 2025, increased $1.62B YoY mainly from Wisconsin segment's renewables and distribution projects
Risk Factors
- • Regulatory risk: PSCW rate orders affect pension and OPEB cost recovery at Wisconsin utilities WEC, WPS, WG
- • Macroeconomic risk: higher interest rates reduce reporting units' fair value affecting goodwill impairment tests sensitivity
WEC Energy Group FY2025 Key Financial MetricsXBRL
Revenue
$9.8B
▲ +14.0% YoY
Net Income
$1.6B
▲ +2.0% YoY
Operating Margin
22.9%
▼ -213bp YoY
Net Margin
15.9%
▼ -187bp YoY
ROE
11.1%
▼ -85bp YoY
Total Assets
$51.5B
▲ +8.8% YoY
EPS (Diluted)
$4.81
▼ -0.4% YoY
Operating Cash Flow
$3.4B
▲ +5.2% YoY
Source: XBRL data from WEC Energy Group FY2025 10-K filing on SEC EDGAR. All figures in USD.
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