WEC Energy Group (WEC)

Utilities · $38.3B market cap · SEC CIK 0000783325

Next reports on Feb 3, 2027, after the close, with analysts expecting $1.18 in earnings per share.

52-week range $99.80 to $120.15. 3% below its 52-week high and 17% above its low.

The case for WEC

• Pays a 3.3% dividend while you wait.
• Moves less than the market (beta 0.39).

The case against

• Long-term debt of $18.5B would take 5 years of operating cash flow to repay.
• Current liabilities exceed current assets (ratio 0.53).
• Growth is weak (37/100): revenue +5.8%, EPS +4.1%, +5.8% a year over five years.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Utilities companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Capital spending is missing from its filings, so free cash flow cannot be worked out. Operating cash flow stands in for the cash test, against a stricter bar.
• Each factor except momentum is half fixed thresholds, half rank among the 31 Utilities companies.

The financials

The financials, five years deep

Pulled from WEC Energy Group's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What WEC Energy Group says it does

A. INTRODUCTION In this report, when we refer to "WEC Energy Group," "the Company," "us," "we," "our," or "ours," we are referring to WEC Energy Group, Inc. and all of its subsidiaries. The term "utility" refers to the regulated activities of the electric and natural gas utility companies, while the term "non-utility" refers to the activities of the electric and natural gas companies that are not regulated, as well as We Power and Bluewater. The term "nonregulated" refers to activities at WECI, which holds interests in several renewable generating facilities, WEC Energy Group holding company, the Integrys holding company, the PELLC holding company, Wispark, Wisvest, WECC, WBS, and PDL. References to "Notes" are to the Notes to Consolidated Financial Statements included in this Annual Report on Form 10-K. For more information about our business operations, including financial and geographic information, see Note 22, Segment Information,…

Risk factors WEC lists in its 10-K

• Natural Gas Supply, Pipeline Capacity and Storage
• Natural Gas Supply, Pipeline Capacity, and Storage
• Natural Gas Pipe Retirement Program
• Electric Utility Operations – Wisconsin Segment
• Natural Gas Utility Operations – Wisconsin, Illinois, and Other States Segments
• Non-Utility Energy Infrastructure Segment
• Electric Transmission, Capacity, and Energy Markets
• Non-Utility Energy Infrastructure Operations
• Our business is significantly impacted by governmental legislation, regulation, and oversight
• We face significant costs to comply with existing and future environmental laws and regulations
• Our operations, capital expenditures, and financial results may be affected by the impact of greenhouse gas legislation, regulation, and our emission reduction goal
• Changes in tax legislation, IRS audits, or our inability to use certain tax benefits and carryforwards, may adversely affect our financial condition, results of operations, and cash flows, as well as our credit ratings
• Our electric utilities could be subject to higher costs and penalties as a result of mandatory reliability standards
• Public health crises, including epidemics and pandemics, could adversely affect our business functions, financial condition, liquidity, and results of operations
• The operations of our natural gas utilities depend upon the availability of adequate interstate pipeline transportation capacity and natural gas
• Fluctuations in customer growth and general economic conditions in our service areas
• Our customers' continued focus on energy conservation
• Our operations are subject to the effects of global climate change
• Our operations and future results may be impacted by changing expectations and demands of our customers, regulators, investors, and other stakeholders
• Our operations and corporate strategy may be adversely affected by supply chain disruptions, inflation, and tariffs
• We are actively involved with multiple significant capital projects, which are subject to a number of risks and uncertainties that could adversely affect project costs and completion of construction projects
• Our operations are subject to risks beyond our control, including but not limited to, cybersecurity intrusions, terrorist or other physical attacks, acts of war, or unauthorized access to personally identifiable information
• Adoption of AI technologies could adversely affect our business, reputation, or financial results
• Advances in technology, and legislation or regulations supporting such technology, could make our electric generating facilities less competitive and may impact the demand for natural gas
• We face risks related to our non-utility renewable energy facilities that could impact our return on investment or have a negative impact on our financial condition or results of operations
• We are a holding company and rely on the earnings of our subsidiaries to meet our financial obligations
• We may fail to attract and retain an appropriately qualified workforce
• Our counterparties may fail to meet their obligations, including obligations under power purchase, natural gas supply, natural gas pipeline capacity, and transportation agreements
• Our business is dependent on our ability to successfully access credit and capital markets on competitive terms and rates
• A downgrade in our credit ratings could negatively affect our ability to access capital at reasonable costs and/or require the posting of collateral
• The fluctuation in demand for certain commodities and their respective prices could negatively impact our operations
• We may not be able to obtain an adequate supply of coal, which could limit our ability to operate our coal-fired facilities
• Our use of derivative contracts could result in financial losses
• Restructuring in the regulated energy industry and competition in the retail and wholesale markets could have a negative impact on our business and revenues
• Volatility in the securities markets, interest rates, changes in assumptions, market conditions, and other factors may impact the performance of our benefit plan holdings and other investment funds
• We have recorded goodwill and other long-lived assets, including intangible assets, which could become impaired
• We may be unable to obtain insurance on acceptable terms or at all, and the insurance coverage we do obtain may not provide protection against all significant losses

Filings

Other Utilities companies