WEC Energy Group highlights exceptional year at annual meeting
CEO Scott Lauber praised Gale Klappa's retirement and announced record capital plan and dividend increases.
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Midwestern regulated energy holding company
wecenergygroup.comLast updated
In short: WEC Energy Group reported strong Q1 2026 earnings, increased its capital spending plan to $36.5 billion, and announced leadership changes.
CEO Scott Lauber praised Gale Klappa's retirement and announced record capital plan and dividend increases.
Net income rises to $804.4 million or $2.45 per share from $724.2 million last year. Revenues reach $3.4 billion. Reaffirms 2026 EPS guidance of $5.51-$5.61.
Reports GAAP net income of $1.6B ($4.81/share), adjusted $5.27/share (up 8%). Reaffirms 2026 guidance $5.51-$5.61/share. Increases dividend 6.7%.
The board declares 95.25 cents per share, payable March 1, 2026, marking the 334th consecutive quarter of dividends.
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