Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

WEC Energy Q3 net income rises sharply year over year on high demand

By Reuters News


Overview

  • U.S. utility reported Q3 net income and EPS up sharply year over year

  • Company says results driven by warmer weather, capital plan execution, and efficiency

  • Company raised and narrowed full-year 2026 EPS guidance


Outlook

  • WEC Energy raises 2026 earnings guidance to $5.60-$5.64 per share from $5.51-$5.61

  • Guidance assumes normal weather conditions for the rest of 2026

  • Company cites favorable weather and capital investment as drivers for improved outlook


Result Drivers

  • WARMER WEATHER - Co said warmer-than-normal weather contributed to higher results, per CEO Scott Lauber

  • HIGHER ELECTRICITY DEMAND - Co reported increased electricity use across residential, small commercial, and industrial customers

  • CAPITAL INVESTMENT - Co cited capital investment, particularly for Very Large Customers, as supporting results


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$1.18

Q3 Net Income

$389.30 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 12 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the electric utilities peer group is "buy."

  • Wall Street's median 12-month price target for WEC Energy Group, Inc. is $116.00, about 5% above its October 28 closing price of $110.50

  • The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago


Reuters Recommended Reads

  • Oct 29 - Idacorp Q3 net income rises on customer growth; lifts 2026 outlook

  • Oct 29 - Xcel Energy Q3 profit rises on electric infrastructure recovery, narrows outlook

  • Oct 28 - American Electric Power Q3 revenue rises 13.7%, beats estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.