Signed in · PRO

Guidance history, every release

WEC Energy Group (WEC) · 8 releases, Oct 31, 2024 to Jul 29, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Oct 31, 2024 FY24 Q3	Feb 4, 2025 FY24 Q4	May 6, 2025 FY25 Q1	Jul 30, 2025 FY25 Q2	Oct 30, 2025 FY25 Q3	Jan 5, 2026 FY25 Q4	May 5, 2026 FY26 Q1	Jul 29, 2026 FY26 Q2
For FY2050
Net Carbon Neutral Electric Generation Goal	—	—	—	—	—	New“net carbon neutral electric generation”	—	—
For FY2035
Pipe Retirement Plan	—	—	—	—	—	New“over 1,000 miles”	—	—
For FY2032
Coal Elimination Goal	—	—	—	—	—	New“eliminate coal as an energy source”	—	—
For FY2031
Additional ATC Investment Expected Beyond Plan	—	—	—	—	—	New“$800 million additional investment expected 2031 and beyond (2024 dollars)”	—	—
Weston Unit 3 Coal Retirement	—	—	—	—	—	New“328 MW”	—	—
For FY2030
ATC Projected Capital Expenditures	—	—	—	—	—	New“$1,502”	—	—
Coal Use as Backup Fuel Only	—	—	—	—	—	New“use coal only as a backup fuel”	—	—
Mount Pleasant Corridor Demand Forecast	—	—	—	—	—	New“2.1 GW”	—	—
Port Washington Corridor Demand Forecast	—	—	—	—	—	New“1.3 GW”	—	—
WEC Portion (60%) of ATC Capital Expenditures	—	—	—	—	—	New“$901”	—	—
For FY2029
ATC Projected Capital Expenditures	—	—	—	—	—	New“$1,493”	—	—
WEC Portion (60%) of ATC Capital Expenditures	—	—	—	—	—	New“$896”	—	—
For FY2028
Annual investment for pipe replacement	—	—	—	—	—	New“$500 million”	—	—
Annual PRP Investment Ramp-Up	—	—	—	—	—	New“$500 million”	—	—
ATC Investment Capital Projection	—	—	—	—	—	New“$886.1”	—	—
ATC Projected Capital Expenditures	—	—	—	—	—	New“$1,477”	—	—
Bluewater Capital Projection	—	—	—	—	—	New“$2.3”	—	—
Corporate and Other Capital Projection	—	—	—	—	—	New“$21.4”	—	—
Electric	—	—	—	—	—	New“6.0%-7.0%”	—	—
Illinois Segment Capital Projection	—	—	—	—	—	New“$744.0”	—	—
Nonutility Energy Infrastructure Capital Projection	—	—	—	—	—	New“$125.0”	—	—
Other States Segment Capital Projection	—	—	—	—	—	New“$125.5”	—	—
Subtotal Capital Projection	—	—	—	—	—	New“$6,965.6”	—	—
Total WEC Capital Projection	—	—	—	—	—	New“$7,851.7”	—	—
WEC Portion (60%) of ATC Capital Expenditures	—	—	—	—	—	New“$886”	—	—
Wisconsin Electric Capital Projection	—	—	—	—	—	New“$4,666.0”	—	—
Wisconsin Segment Capital Projection	—	—	—	—	—	New“$5,949.7”	—	—
Wisconsin Segment Electric Sales Growth Forecast	—	—	—	—	—	New“6.0%-7.0%”	—	—
Wisconsin Segment Gas Sales Growth Forecast	—	—	—	—	—	New“0.7%-1.0%”	—	—
For FY2027
ATC Investment Capital Projection	—	—	—	—	—	New“$802.0”	—	—
ATC Projected Capital Expenditures	—	—	—	—	—	New“$1,337”	—	—
Bluewater Capital Projection	—	—	—	—	—	New“$1.6”	—	—
Corporate and Other Capital Projection	—	—	—	—	—	New“$15.6”	—	—
Illinois Segment Capital Projection	—	—	—	—	—	New“$738.4”	—	—
Nonutility Energy Infrastructure Capital Projection	—	—	—	—	—	New“$132.5”	—	—
North Shore Gas Forecasted Rate Base	—	—	—	—	—	New“$449M”	—	—
North Shore Gas Proposed Base Rate Increase	—	—	—	—	—	New“$14.4M”	—	—
North Shore Gas Proposed Equity Ratio	—	—	—	—	—	New“54.0%”	—	—
North Shore Gas Proposed ROE	—	—	—	—	—	New“10.10%”	—	—
Other States Segment Capital Projection	—	—	—	—	—	New“$110.5”	—	—
Peoples Gas Forecasted Rate Base	—	—	—	—	—	New“$4,678M”	—	—
Peoples Gas Proposed Base Rate Increase	—	—	—	—	—	New“$202.2M”	—	—
Subtotal Capital Projection	—	—	—	—	—	New“$6,949.5”	—	—
Total WEC Capital Projection	—	—	—	—	—	New“$7,751.5”	—	—
WEC Portion (60%) of ATC Capital Expenditures	—	—	—	—	—	New“$802”	—	—
Wisconsin Electric Capital Projection	—	—	—	—	—	New“$4,670.5”	—	—
Wisconsin Segment Capital Projection	—	—	—	—	—	New“$5,952.5”	—	—
For FY2026
Adjusted EPS	—	—	—	—	—	New“$5.51-$5.61”	—	—
Earnings	—	—	—	—	—	—	—	New“$5.51 to $5.61 per share”
Earnings per share	—	—	—	—	—	—	New“$5.51 to $5.61”	—
EPS Midpoint	—	—	—	—	—	New“$5.56 per share”	—	—
Annualized Dividend Rate	—	—	—	—	—	New“$3.81 per share”	—	—
ATC Economic Growth Capital Driver	—	—	—	—	—	New“$1.4 billion”	—	—
ATC Investment Capital Projection	—	—	—	—	—	New“$656.9”	—	—
ATC Projected Capital Expenditures	—	—	—	—	—	New“$1,095”	—	—
Average Annual ATC Depreciation	—	—	—	—	—	New“$190 million”	—	—
Average Annual Utility Depreciation	—	—	—	—	—	New“$1.6 billion annually”	—	—
Capital Allocated to Regulated Businesses	—	—	—	—	—	New“100%”	—	—
Cash from Operations	—	—	—	—	—	New“$20.5 - $21.5”	—	—
CCGT Summer Upgrades Capacity	—	—	—	—	—	New“150 MW”	—	—
CCGT Summer Upgrades Investment	—	—	—	—	—	New“$280 million”	—	—
Coal to Gas Conversions and Fuel Oil Backup Investment	—	—	—	—	—	New“$370 million”	—	—
Combustion Turbines Capacity	—	—	—	—	—	New“3,300 MW”	—	—
Combustion Turbines Investment	—	—	—	—	—	New“$5.2 billion”	—	—
Common Equity	—	—	—	—	—	New“$4.8 - $5.2”	—	—
Corporate and Other Capital Projection	—	—	—	—	—	New“$15.3”	—	—
Depreciation at ATC	—	—	—	—	—	New“$190 million”	—	—
Depreciation at utilities	—	—	—	—	—	New“$1.6 billion annually”	—	—
Dividends (Cash Use)	—	—	—	—	—	New“$7.6 - $7.8”	—	—
Electric Demand Growth (Wisconsin Segment)	—	—	—	—	—	New“3.4 GW (~40%)”	—	—
Electric Distribution Capital Increase	—	—	—	—	—	New“$200 million increase”	—	—
Equity Issuances	—	—	—	—	—	New“$900 - $1,100”	—	—
Holding Company Planned Financing	—	—	—	—	—	New“$1,800 - $2,400”	—	—
Illinois Segment Capital Projection	—	—	—	—	—	New“$566.6”	—	—
Incremental Capital Plan Investment	—	—	—	—	—	New“$8.5 billion”	—	—
Incremental Debt	—	—	—	—	—	New“$13.7 - $14.3”	—	—
Incremental Debt - junior subordinated notes or other securities with equity content	—	—	—	—	—	New“$5.0B - $6.0B”	—	—
LNG Storage Facilities Capacity	—	—	—	—	—	New“6 Bcf”	—	—
LNG Storage Facilities Investment	—	—	—	—	—	New“$1.3B”	—	—
LRTP Tranche 1 Capital	—	—	—	—	—	New“$700 million”	—	—
LRTP Tranche 2 Capital	—	—	—	—	—	New“$400 million”	—	—
Moody's CFO Pre-WC/Debt Target	—	—	—	—	—	New“>16%”	—	—
Natural Gas Generation Capital Increase	—	—	—	—	—	New“$3.4 billion increase”	—	—
Nonutility Energy Infrastructure Capital Projection	—	—	—	—	—	New“$98.2”	—	—
Oak Creek Units 7-8 Coal Retirement	—	—	—	—	—	New“611 MW”	—	—
Other States Segment Capital Projection	—	—	—	—	—	New“$115.0”	—	—
Pipe Retirement Program (PRP) Capital Increase	—	—	—	—	—	New“$1.5 billion increase”	—	—
Quarterly Dividend	—	—	—	—	—	New“95.25 cents per share”	—	—
Quarterly dividend on the company's common stock	—	—	—	—	—	New“95.25 cents per share”	—	—
Regulated Renewables Battery Storage Capacity	—	—	—	—	—	New“1,780 MW”	—	—
Regulated Renewables Battery Storage Investment	—	—	—	—	—	New“$2.2 billion”	—	—
Regulated Renewables Capital Increase	—	—	—	—	—	New“$2.5 billion increase”	—	—
Regulated Renewables Grand Total Capacity	—	—	—	—	—	New“6,035 MW”	—	—
Regulated Renewables Grand Total Investment	—	—	—	—	—	New“$11.6 billion”	—	—
Regulated Renewables Solar Capacity	—	—	—	—	—	New“3,700 MW”	—	—
Regulated Renewables Solar Investment	—	—	—	—	—	New“$7.6 billion”	—	—
Regulated Renewables Wind Capacity	—	—	—	—	—	New“555 MW”	—	—
Regulated Renewables Wind Investment	—	—	—	—	—	New“$1.8 billion”	—	—
RICE Generation Capacity	—	—	—	—	—	New“180 MW”	—	—
RICE Generation Investment	—	—	—	—	—	New“$240 million”	—	—
S&P FFO to Debt Target	—	—	—	—	—	New“>15%”	—	—
Subtotal Capital Projection	—	—	—	—	—	New“$5,018.1”	—	—
Thermal Generation Fleet and LNG Capacity Investment	—	—	—	—	—	New“$7.4B”	—	—
Thermal Generation Fleet Investment	—	—	—	—	—	New“$6.1B”	—	—
Total WEC Capital Projection	—	—	—	—	—	New“$5,675.0”	—	—
Transmission Capital Increase	—	—	—	—	—	New“$900 million increase”	—	—
Utilities & Energy Infrastructure Planned Financing	—	—	—	—	—	New“$2,600 - $3,100”	—	—
WEC Infrastructure Capital Change	—	—	—	—	—	New“$400 million decrease”	—	—
WEC Portion (60%) of ATC Capital Expenditures	—	—	—	—	—	New“$657”	—	—
WEC portion of ATC investment	—	—	—	—	—	New“$4.1 billion”	—	—
Wisconsin Electric Capital Projection	—	—	—	—	—	New“$3,212.1”	—	—
Wisconsin Segment Capital Projection	—	—	—	—	—	New“$4,223.0”	—	—
For FY2025
Adjusted EPS - Non-GAAP Basis	—	—	—	—	—	New“$5.17 - $5.27”	—	—
Earnings	—	—	New“$5.17 to $5.27 per share”	Reiterated“$5.17 to $5.27 per share”	Reiterated“$5.17 to $5.27 per share”	—	—	—
Earnings growth from 2024 adjusted midpoint	—	New“7.6 percent”	—	—	—	—	—	—
Earnings per share	—	New“$5.17 to $5.27 per share”	—	—	—	—	—	—
Earnings per share midpoint	—	New“$5.22 per share”	—	—	—	—	—	—
EPS - 2025 Adjusted	—	—	—	—	—	New“$5.17 - $5.27”	—	—
EPS - GAAP basis	—	—	—	—	—	New“$4.83 - $4.93”	—	—
Quarterly cash dividend	—	New“89.25 cents per share”	—	—	—	—	—	—
For FY2024
Earnings (adjusted basis)	New“$4.80 to $4.90 per share”	—	—	—	—	—	—	—
Earnings (GAAP basis)	New“$4.74 to $4.84 per share”	—	—	—	—	—	—	—
WEC Energy Group adjusted earnings - High End of Range	New“$4.90”	—	—	—	—	—	—	—
WEC Energy Group adjusted earnings - Low End of Range	New“$4.80”	—	—	—	—	—	—	—
WEC Energy Group GAAP earnings - High End of Range	New“$4.84”	—	—	—	—	—	—	—
WEC Energy Group GAAP earnings - Low End of Range	New“$4.74”	—	—	—	—	—	—	—
No period stated
Long-Term EPS Growth	—	—	—	—	—	New“7.0% to 8.0%”	—	—
WEC Energy Group adjusted earnings	New“$ 4.80”	—	—	—	—	—	—	—
WEC Energy Group GAAP earnings	New“$ 4.74”	—	—	—	—	—	—	—
Capital Plan (Cash Use)	—	—	—	—	—	New“$32.3”	—	—
Dividend growth rate	—	—	—	—	—	New“6.5-7%”	—	—
Dividend Growth Rate Target	—	—	—	—	—	New“6.5-7%”	—	—
Dividend Payout Ratio Target	—	—	—	—	—	New“65-70% of earnings”	—	—
Net loss related to ICC disallowances	New“0.06”	—	—	—	—	—	—	—
Payout ratio	—	—	—	—	—	New“65-70% of earnings”	—	—
Peoples Gas Typical Residential Customer Bill Impact	—	—	—	—	—	New“$10 to $11 per month”	—	—
VLC Tariff Equity Ratio	—	—	—	—	—	New“57%”	—	—
VLC Tariff Return on Equity	—	—	—	—	—	New“Return on Equity range of 10.48% to 10.98%”	—	—
Weston 4 Additional Capacity Acquisition	—	—	—	—	—	New“165 MW”	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.