WEC Energy Group has reported net income of $389.3 million, or $1.18 per share, for the third quarter of 2026 — up from $271.3 million, or 83 cents per share, in last year's third quarter.

For the nine months ended September 30, 2026, the company recorded net income of $1.49 billion, or $4.54 per share — up from $1.24 billion, or $3.85 per share, in the corresponding period a year ago. Consolidated revenues totaled $7.8 billion, up $523.9 million from the nine months ended September 30, 2025.

"Our strong results were driven by warmer-than-normal weather, execution of our capital plan and operating efficiency," according to Scott Lauber, Chairman, President and CEO. "Our continued focus on the fundamentals of our business is creating value for our customers and stockholders. We remain on track to deliver solid financial and operational performance in 2026."

Retail deliveries of electricity — excluding the iron ore mine in Michigan's Upper Peninsula and Very Large Customers (VLCs) in Wisconsin — were up by 3.3 percent in the third quarter of 2026, compared to the third quarter last year.

Electricity consumption by small commercial and industrial customers was 3.5 percent higher. Electricity use by large commercial and industrial customers — excluding the iron ore mine and VLCs — increased by 1.0 percent. Residential electricity use rose by 5.1 percent.

On a weather-normal basis, retail deliveries of electricity during the third quarter of this year — excluding the iron ore mine and VLCs — increased by 0.4 percent.

Largely due to favorable weather and capital investment supported by the VLCs, the company is raising and narrowing its earnings guidance for 2026 to a range of $5.60 to $5.64 per share. This assumes normal weather for the remainder of the year. The company had previously announced earnings guidance for 2026 in a range of $5.51 to $5.61 per share.

The company has declared a quarterly cash dividend of 95.25 cents per share on the company's common stock. The dividend is payable December 1, 2026, to stockholders of record on November 13, 2026. This marks the 337th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders.