WEC Energy Group — Oct 30, 2025 release

Residential electricity use rose by 2.1 percent. On a weather-normal basis, retail deliveries of electricity during the third quarter of this year – excluding the iron ore mine – increased by 1.8 percent. The company is reaffirming its 2025 earnings guidance of $5.17 to $5.27 per share. This assumes normal weather for the remainder of the year. Earnings per share listed in this news release are on a fully diluted basis. Non-GAAP Earnings Measures Earnings and Earnings per Share There were no adjustments to GAAP net income or earnings per share for the quarter or nine months ended Sept. 30, 2025. A reconciliation of GAAP net income and earnings per share to adjusted net income and earnings per share is included below for the quarter and nine months ended Sept. 30, 2024. Net Income Three Months Ended Nine Months Ended (in millions) Sept. 30, 2024 Sept. 30, 2024 WEC Energy Group GAAP $ 240.1   $ 1,073.7   Loss related to ICC disallowances pre-tax 25.3   25.3        Tax impact (6.9) (6.9) WEC Energy Group adjusted net income $ 258.5   $ 1,092.1   Earnings Per Share Three Months Ended Nine Month Ended Sept. 30, 2024 Sept. 30, 2024 WEC Energy Group GAAP $ 0.76   $ 3.40   Net loss related to ICC disallowances 0.06   0.06   WEC Energy Group adjusted earnings per share (1) $ 0.82   $ 3.45   Diluted average shares outstanding (millions) 316.5   316.2   (1) Note that WEC Energy Group adjusted earnings per share may not add due to rounding. The company provided adjusted ear