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WEC ENERGY GROUP, INC.

LISTEDNYSE

SYMBOLWEC

SIC4931

STATE OF INC.WI

FISCAL YEAR ENDSDecember 31

CIK783325

ELECTRIC & OTHER SERVICES COMBINED · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	21,942	61.0
Stockholders' equity	14,053	39.0
Total capitalization	35,995	100.0

325,849,383 shares outstanding at 30 June 2026 (cover page of the 10-Q filed 4 August 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Long-term debt, incl. current maturities	20,018
Long-term debt, noncurrent	18,498
Current maturities	1,519
Short-term borrowings / commercial paper	1,925

CAPITAL STOCK 12/31/25

Common shares authorized	650,000,000
Common shares issued	325,461,519
Par or stated value per share ($)	0.01
Preferred stock ($ millions)	30
Outstanding at 6/30/26	325,849,383

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	3.57	74.2
2024	3.34	69.2
2023	3.12	73.9
2022	2.91	65.4
2021	2.71	65.9

HISTORY AND BUSINESS

HISTORY: Incorporated in Wisconsin. Formerly known as WISCONSIN ENERGY CORP (to 29 June 2015).

BUSINESS: Classified by the SEC under Standard Industrial Classification 4931, Electric & Other Services Combined. Large accelerated filer. Principal executive office: 231 W Michigan St, P O Box 1331, Milwaukee, WI 53201. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Operating revenues	9,800	8,600	8,893
Operation and maintenance	2,401	2,158	2,100
Depreciation and amortization	1,478	1,354	1,264
Taxes other than income taxes	280	266	250
Total operating expenses	7,555	6,447	6,985
Operating income	2,245	2,153	1,908
Interest charges	895	815	727
Income before income taxes	1,674	1,746	1,536
Income taxes	118	222	205
Net income	1,556	1,524	1,332
Earned per share, diluted ($)	4.81	4.83	4.22
Dividends per share ($)	3.57	3.34	3.12

CONSOLIDATED BALANCE SHEET

($ millions)	12/31/25	12/31/24
Utility plant, net	38,278	34,645
Cash and equivalents	28	10
Total current assets	3,285	2,912
Regulatory assets	3,156	3,340
Total assets	51,518	47,363
Total current liabilities	5,593	4,842
Long-term debt	18,498	17,178
Regulatory liabilities	4,121	3,958
Total capitalization and liabilities	51,518	47,363

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
12/31/25	9,800	2,245	1,558	15.9	4.81	3.57	3,379	–	–	51,518	37,466d	21,942	14,053	11.1	1.56
12/31/24	8,600	2,153	1,527	17.8	4.83	3.34	3,212	–	–	47,363	34,561d	20,024	12,802	11.9	1.56
12/31/23	8,893	1,908	1,332	15.0	4.22	3.12	3,018	–	–	43,940	31,868d	18,652	12,072	11.0	1.55
12/31/22	9,597	1,924	1,408	14.7	4.45	2.91	2,061	2,697	(636)	41,872	30,256d	17,111	11,617	12.1	1.47
12/31/21	8,316	1,715	1,300	15.6	4.11	2.71	2,033	2,373	(340)	38,988	27,875d	15,460	11,113	11.7	1.39
12/31/20	7,242	1,706	1,200	16.6	3.79	2.53	2,196	2,874	(678)	37,028	26,366d	14,227	10,662	11.3	1.33
12/31/19	7,523	1,531	1,134	15.1	3.58	2.36	2,346	2,529	(184)	34,952	24,697d	12,689	10,255	11.1	1.24
12/31/18	7,680	1,468	1,059	13.8	3.34	2.21	2,446	2,417	28	33,476	–	11,776	–	–	–
12/31/17	7,648	1,776	1,204	15.7	3.79	2.08	2,079	1,960	119	31,590	22,099d	10,191	9,492	12.7	1.07
12/31/16	7,472	1,696	939	12.6	2.96	1.98	2,104	1,424	680	30,123	21,163d	10,212	8,960	10.5	1.14

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

WEC ENERGY GROUP, INC.
CIK 783325 · EIN 39-1391525

PRINCIPAL OFFICE:

231 W Michigan St, P O Box 1331, Milwaukee, WI 53201
Tel.: 414-221-2345

INCORPORATED:

Wisconsin

INDUSTRY (SEC SIC CODE):

4931 · Electric & Other Services Combined

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 20 February 2026

FORMER NAMES:

WISCONSIN ENERGY CORP

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

9/4/26	8-K	period 9/4/26
8/18/26	8-K	period 8/14/26
8/11/26	8-K	period 8/5/26
8/4/26	10-Q	period 6/30/26
8/3/26	8-K	period 8/3/26
7/29/26	8-K	period 7/29/26
6/1/26	8-K	period 6/1/26
5/12/26	8-K	period 5/7/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/20/26) · 10-K FY2024 (filed 2/21/25) · 10-K FY2023 (filed 2/22/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/24/22) · 10-K FY2020 (filed 2/25/21) · 10-K FY2019 (filed 2/27/20) · 10-K FY2018 (filed 2/26/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.