--- canonical_url: https://www.stockexpertai.com/earnings/wec last_updated: 2026-05-05T22:32:30.305Z --- # WEC Energy Group, Inc. (WEC) Q4 FY2026 Earnings Preview > This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-05T22:32:29.871Z. Educational tool, not investment advice. --- ## Quick Summary | Field | Value | Source | |---|---|---| | Price | $115.22 (▼ -1.05%) | fmp:quote | | Market Cap | $37.5B | fmp:profile | | 52w range | $100.61 – $119.62 | fmp:quote | | Earnings | Wed 29 Jul | fmp:earnings-history | | EPS estimate | $0.84 (+11% YoY) | fmp:earnings-estimate | | Revenue estimate | $2.0B | fmp:earnings-estimate | | Beat streak | 5/4 | fmp:earnings-history | | Rating | A- (overall 4/5) | fmp:ratings | | Analyst median target | $121 (+5.0% upside) | fmp:price-target-consensus | | MoonshotScore | 51/100 | derived | | Council | 1/6 bullish | derived | | Munger verdict | Fairly Valued | derived | ## WEC Energy Group, Inc. — Q4 FY2026 Expectations Q4 consensus: revenue $2.0B^{[FMP est]}, EPS $0.84^{[FMP est]}. 5 consecutive quarters of beat^{[FMP earnings]}. ## Quick Take **Score:** A- · **Stance:** HOLD · **Council:** 1/6 · **Moonshot:** 51 = MoonshotScore 51^{[9-pillar formula]} + Council 1/6^{[6-lens rule]}. Form 4: 0 transactions^{[FMP Form 4]}. ## Watchlist (6 metrics) ### 1. Earnings Growth Projection WEC projects long-term earnings per share growth of 7% to 8% a year on a compound annual basis between 2026 and 2030, with the growth rate expected to accelerate to the upper half of the range starting in 2028. > "As you recall, we project long-term earnings per share growth of 7% to 8% a year on a compound annual basis between 2026 and 2030. This is based on the midpoint of our 2025 adjusted guidance. We expect that growth rate to accelerate to the upper half of the range starting in 2028." > — Scott Lauber, Investor Focus · Q1 FY2026 ### 2. 2026 Earnings Guidance WEC is reaffirming its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the rest of the year. > "As Scott mentioned earlier, we are reaffirming our 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the rest of the year." > — Liu Xia, Expectation / Guide · Q1 FY2026 ### 3. Equity Issuance Progress WEC secured approximately $455 million in common equity during Q1 2026, accounting for almost half of its expected equity needs for 2026. > "In terms of common equity, we locked in about $455 million in Q1 this year. This includes $25 million issued under our employee benefit plan and $430 million via the ATM program under forward contracts that we will settle in the future. Remember, we expect to issue up to $1.1 billion of common equity this year. So through the first quarter, we have accounted for almost half of our expected equity needs for 2026." > — Liu Xia, Investor Focus · Q1 FY2026 ### 4. Dividend Increase WEC increased the dividend by 6.7%, marking the 23rd consecutive year that its shareholders will be rewarded with higher dividends. > "Now as you may recall, our Board this January meeting increased the dividend by 6.7%. This marks the 23rd consecutive year that our shareholders will be rewarded with higher dividends." > — Scott Lauber, Investor Focus · Q1 FY2026 ### 5. VLC Tariff Approval WEC's Very Large Customer (VLC) tariff has been approved by the Public Service Commission, providing a balanced approach with a predictable cost profile for large customers, protection for other customers, and support for the company's financial health. > "After completing its review, the Public Service Commission verbally approved the tariff structure on April 24. As a reminder, this tariff provides a balanced approach, reliable electric service for our very large customers with a predictable cost profile, protection of other customers from bearing any cost to serve these very large customers, protection of the company's financial health and support for economic development and growth in the region." > — Scott Lauber, Investor Focus · Q1 FY2026 ### 6. 5yr Capital Plan WEC's 5-year capital plan projects $37.5 billion of investments focused on low-risk and highly executable projects. > "Our 5-year capital plan includes $37.5 billion of projected investments -- it's based on projects that are low risk and highly executable with a good portion dedicated to the very large customers." > — Scott Lauber, Investor Focus · Q1 FY2026 ## MoonshotScore Pillars | Pillar | Score | Level | Evidence | |---|---|---|---| | Revenue Growth | 10.0 | strong | Q1 vs Q2: fast growth (+70.9%) | | Gross Margin | 6.0 | medium | Q1: high margin (59.5%) | | Operating Leverage | 3.0 | weak | op margin healthy (28.5%) | | Cash Runway | 6.0 | medium | FCF under pressure ($0.4B FCF vs $0.8B CapEx) | | R&D Intensity | 3.0 | weak | low R&D investment (0.0%, weak innovation) | | Price Momentum | 4.0 | medium | RSI 48.5 balanced, 50d below | | News Sentiment | 4.0 | medium | mixed (40% buy) | **Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula. ## Council (7-Lens) | Name | Stance | Context | |---|---|---| | Ray Dalio | bull | macro · target upside +5.0% | | Ken Griffin | bear | flow · 50d MA below | | Jim Simons | neutral | quant · RSI 48 | | Klarman | neutral | value · target upside +5.0% | | Buffett | neutral | quality · ROE score 2/5 | | Munger | neutral | valuation · target upside +5.0% | **Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr. ## Munger Lens - **Verdict:** Fairly Valued - **Financial Health:** Strong - **Margin of Safety:** Weak - **Interest Coverage:** Adequate - **ROIC vs WACC:** Tight **Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget. ## Technical Levels - **RSI(14):** 48.5 — dengeli — yön sinyali zayıf - **50d MA:** $116 — hisse %0.4 altında — kısa vadeli direnç - **200d MA:** $111 — hisse %3.4 üstünde — uzun vadeli destek - **Volume (10d):** +44% ## Past Performance (4 Quarters) | Quarter | EPS Actual | EPS Estimate | Result | Reaction | |---|---|---|---|---| | Q2 FY25 | $0.76 | $0.70 | BEAT | +0.7% | | Q3 FY25 | $0.83 | $0.81 | BEAT | -0.8% | | Q4 FY25 | $1.42 | $1.39 | BEAT | -0.5% | | Q1 FY26 | $2.45 | $2.30 | +6.5% EPS | no data | Q1 (May 5, 2026): EPS $2.45 vs $2.30 est^[FMP], +6.5% beat. D+1 movement: no data^{[FMP D+1]}. Decline despite beat — market reacted to guidance, not numbers. ## 3 Scenarios ### Scenario A · Beat **Q4 EPS > $0.84 + CapEx discipline** Threshold: EPS > $0.84^{[FMP est]}. Target: Break above median target $121^{[FMP target]}; high target $135^[FMP] upper bound. ### Scenario B · In-Line **EPS ≈ $0.84 + CapEx < $817.9M** Threshold: EPS ≈ $0.84^{[FMP est]}, Q4 CapEx < $817.9M^[FMP]. Target: Consolidation in the band between current $115^[FMP] and median $121^[FMP]. ### Scenario C · Miss **EPS < $0.81 or CapEx ≥ $817.9M** Threshold: EPS < $0.81^{[FMP est×0.97]}. Target: Current $115 below SMA200 $111^[FMP], if rejection continues, $95^[derived] support activates. ## Risk Notes ### Primary segment below threshold Q1: EPS $2.45 vs $2.30 beat^[FMP], stock no data D+1^[FMP]. ### Backlog concentration No RPO/backlog concentration disclosed in Q1 earnings call. ### Insider trading Form 4 data is marked in the table — this page does not generate assumptions for this stock. | Executive | Action | Amount | Date | |---|---|---|---| **Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26 ### CapEx shock Q1 CapEx $817.9M^{[FMP cashflow]}. Q1 op margin 28.5%^{[FMP op margin]} — this level in Q4 is sensitive to CapEx revision risk. ## Wall Street Consensus - **Median target:** $121 (+5.0% upside vs current $115) - **High / Low:** $135 / $116 - **Buy / Hold / Sell:** 8 / 11 / 1 - **Analyst count:** 5 (last quarter), 38 all-time ## Additional Transcript Insights ### 1. 5yr_capital_plan **Claim:** WEC's 5-year capital plan projects $37.5 billion of investments focused on low-risk and highly executable projects. **Evidence (transcript):** "Our 5-year capital plan includes $37.5 billion of projected investments -- it's based on projects that are low risk and highly executable with a good portion dedicated to the very large customers." **Numbers:** $37.5 ### 2. earnings_growth_projection **Claim:** WEC projects long-term earnings per share growth of 7% to 8% a year on a compound annual basis between 2026 and 2030, with the growth rate expected to accelerate to the upper half of the range starting in 2028. **Evidence (transcript):** "As you recall, we project long-term earnings per share growth of 7% to 8% a year on a compound annual basis between 2026 and 2030. This is based on the midpoint of our 2025 adjusted guidance. We expect that growth rate to accelerate to the upper half of the range starting in 2028." **Numbers:** 7%, 8%, 2026, 2030, 2025, 2028 ### 3. VLC_tariff_approval **Claim:** WEC's Very Large Customer (VLC) tariff has been approved by the Public Service Commission, providing a balanced approach with a predictable cost profile for large customers, protection for other customers, and support for the company's financial health. **Evidence (transcript):** "After completing its review, the Public Service Commission verbally approved the tariff structure on April 24. As a reminder, this tariff provides a balanced approach, reliable electric service for our very large customers with a predictable cost profile, protection of other customers from bearing any cost to serve these very large customers, protection of the company's financial health and support for economic development and growth in the region." **Numbers:** 24 ### 4. equity_issuance_progress **Claim:** WEC secured approximately $455 million in common equity during Q1 2026, accounting for almost half of its expected equity needs for 2026. **Evidence (transcript):** "In terms of common equity, we locked in about $455 million in Q1 this year. This includes $25 million issued under our employee benefit plan and $430 million via the ATM program under forward contracts that we will settle in the future. Remember, we expect to issue up to $1.1 billion of common equity this year. So through the first quarter, we have accounted for almost half of our expected equity needs for 2026." **Numbers:** $455, 25, 430, $1.1, 2026 ### 5. 2026_earnings_guidance **Claim:** WEC is reaffirming its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the rest of the year. **Evidence (transcript):** "As Scott mentioned earlier, we are reaffirming our 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the rest of the year." **Numbers:** $5.51, $5.61, 2026 ### 6. dividend_increase **Claim:** WEC increased the dividend by 6.7%, marking the 23rd consecutive year that its shareholders will be rewarded with higher dividends. **Evidence (transcript):** "Now as you may recall, our Board this January meeting increased the dividend by 6.7%. This marks the 23rd consecutive year that our shareholders will be rewarded with higher dividends." **Numbers:** 6.7%, 23rd --- *Data source: FMP (live query, 2026-05-05), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*