| |
| Revenues from contracts with customers |
|
 98.16 % |
of total Revenue |
| Other revenues |
|
1.84 % |
of total Revenue |
| Utility operations Revenues from contracts with customers |
|
95.84 % |
of total Revenue |
| Electric Revenues from contracts with customers |
|
41.74 % |
of total Revenue |
| Natural gas Revenues from contracts with customers |
|
54.1 % |
of total Revenue |
| Other non-utility revenues Revenues from contracts with customers |
|
2.32 % |
of total Revenue |
| Reconciling Eliminations |
|
-3.55 % |
of total Revenue |
| Reconciling Eliminations Revenues from contracts with customers |
|
-0.43 % |
of total Revenue |
| Reconciling Eliminations Other revenues |
|
-3.12 % |
of total Revenue |
| Reconciling Eliminations Utility operations Revenues from contracts with customers |
|
-0.38 % |
of total Revenue |
| Reconciling Eliminations Natural gas Revenues from contracts with customers |
|
-0.38 % |
of total Revenue |
| Reconciling Eliminations Other non-utility revenues Revenues from contracts with customers |
|
-0.05 % |
of total Revenue |
| Total Utility Operations Natural gas Transferred over time Revenues from contracts with customers |
|
54.1 % |
of total Revenue |
| Total Utility Operations |
|
97.41 % |
of total Revenue |
| Total Utility Operations Other revenues |
|
1.42 % |
of total Revenue |
| Total Utility Operations Transferred over time Revenues from contracts with customers |
|
96 % |
of total Revenue |
| Total Utility Operations Utility operations Transferred over time Revenues from contracts with customers |
|
95.83 % |
of total Revenue |
| Total Utility Operations Electric Transferred over time Revenues from contracts with customers |
|
41.74 % |
of total Revenue |
| Total Utility Operations Other non-utility revenues Transferred over time Revenues from contracts with customers |
|
0.16 % |
of total Revenue |
| Wisconsin Electric Transferred over time Revenues from contracts with customers |
|
41.74 % |
of total Revenue |
| Wisconsin Natural gas Transferred over time Revenues from contracts with customers |
|
25.98 % |
of total Revenue |
| Wisconsin |
|
68.09 % |
of total Revenue |
| Wisconsin Other revenues |
|
0.37 % |
of total Revenue |
| Wisconsin Transferred over time Revenues from contracts with customers |
|
67.72 % |
of total Revenue |
| Wisconsin Utility operations Transferred over time Revenues from contracts with customers |
|
67.72 % |
of total Revenue |
| Illinois Natural gas Transferred over time Revenues from contracts with customers |
|
20.73 % |
of total Revenue |
| Illinois |
|
21.83 % |
of total Revenue |
| Illinois Other revenues |
|
1.1 % |
of total Revenue |
| Illinois Transferred over time Revenues from contracts with customers |
|
20.73 % |
of total Revenue |
| Illinois Utility operations Transferred over time Revenues from contracts with customers |
|
20.73 % |
of total Revenue |
| Other States Natural gas Transferred over time Revenues from contracts with customers |
|
7.38 % |
of total Revenue |
| Other States |
|
7.49 % |
of total Revenue |
| Other States Other revenues |
|
-0.05 % |
of total Revenue |
| Other States Transferred over time Revenues from contracts with customers |
|
7.54 % |
of total Revenue |
| Other States Utility operations Transferred over time Revenues from contracts with customers |
|
7.38 % |
of total Revenue |
| Other States Other non-utility revenues Transferred over time Revenues from contracts with customers |
|
0.16 % |
of total Revenue |
| Non-Utility Energy Infrastructure |
|
6.14 % |
of total Revenue |
| Non-Utility Energy Infrastructure Revenues from contracts with customers |
|
2.59 % |
of total Revenue |
| Non-Utility Energy Infrastructure Other revenues |
|
3.55 % |
of total Revenue |
| Non-Utility Energy Infrastructure Utility operations Revenues from contracts with customers |
|
0.38 % |
of total Revenue |
| Non-Utility Energy Infrastructure Natural gas Revenues from contracts with customers |
|
0.38 % |
of total Revenue |
| Non-Utility Energy Infrastructure Other non-utility revenues Revenues from contracts with customers |
|
2.2 % |
of total Revenue |
| Electric |
|
41.74 % |
of total Revenue |
| Wisconsin Electric Transferred over time |
|
41.74 % |
of total Revenue |
| Wisconsin Electric Transferred over time Total retail revenues |
|
38.06 % |
of total Revenue |
| Wisconsin Electric Transferred over time Residential |
|
16.7 % |
of total Revenue |
| Wisconsin Electric Transferred over time Small commercial and industrial |
|
13.15 % |
of total Revenue |
| Wisconsin Electric Transferred over time Large commercial and industrial |
|
7.98 % |
of total Revenue |
| Wisconsin Electric Transferred over time Other |
|
0.24 % |
of total Revenue |
| Wisconsin Electric Transferred over time Wholesale |
|
0.88 % |
of total Revenue |
| Wisconsin Electric Transferred over time Resale |
|
2.24 % |
of total Revenue |
| Wisconsin Electric Transferred over time Steam |
|
0.4 % |
of total Revenue |
| Wisconsin Electric Transferred over time Other utility revenues |
|
0.15 % |
of total Revenue |
| Natural gas |
|
54.1 % |
of total Revenue |
| Total Utility Operations Natural gas Transferred over time |
|
54.1 % |
of total Revenue |
| Total Utility Operations Natural gas Transferred over time Total retail revenues |
|
48.66 % |
of total Revenue |
| Total Utility Operations Natural gas Transferred over time Residential |
|
34.07 % |
of total Revenue |
| Total Utility Operations Natural gas Transferred over time Commercial and industrial |
|
14.59 % |
of total Revenue |
| Total Utility Operations Natural gas Transferred over time Transportation |
|
4.13 % |
of total Revenue |
| Total Utility Operations Natural gas Transferred over time Other utility revenues |
|
1.31 % |
of total Revenue |
| Wisconsin Natural gas Transferred over time |
|
25.98 % |
of total Revenue |
| Wisconsin Natural gas Transferred over time Total retail revenues |
|
24.92 % |
of total Revenue |
| Wisconsin Natural gas Transferred over time Residential |
|
16.52 % |
of total Revenue |
| Wisconsin Natural gas Transferred over time Commercial and industrial |
|
8.4 % |
of total Revenue |
| Wisconsin Natural gas Transferred over time Transportation |
|
1 % |
of total Revenue |
| Wisconsin Natural gas Transferred over time Other utility revenues |
|
0.06 % |
of total Revenue |
| Illinois Natural gas Transferred over time |
|
20.73 % |
of total Revenue |
| Illinois Natural gas Transferred over time Total retail revenues |
|
16.99 % |
of total Revenue |
| Illinois Natural gas Transferred over time Residential |
|
13.17 % |
of total Revenue |
| Illinois Natural gas Transferred over time Commercial and industrial |
|
3.82 % |
of total Revenue |
| Illinois Natural gas Transferred over time Transportation |
|
2.73 % |
of total Revenue |
| Illinois Natural gas Transferred over time Other utility revenues |
|
1.01 % |
of total Revenue |
| Other States Natural gas Transferred over time |
|
7.38 % |
of total Revenue |
| Other States Natural gas Transferred over time Total retail revenues |
|
6.75 % |
of total Revenue |
| Other States Natural gas Transferred over time Residential |
|
4.38 % |
of total Revenue |
| Other States Natural gas Transferred over time Commercial and industrial |
|
2.37 % |
of total Revenue |
| Other States Natural gas Transferred over time Transportation |
|
0.4 % |
of total Revenue |
| Other States Natural gas Transferred over time Other utility revenues |
|
0.24 % |
of total Revenue |
| Other non-utility revenues |
|
2.32 % |
of total Revenue |
| Other non-utility revenues We Power revenues |
|
0.18 % |
of total Revenue |
| Transferred over time Other non-utility revenues Renewable generation revenues |
|
1.98 % |
of total Revenue |
| Transferred over time Other non-utility revenues Appliance service revenues |
|
0.16 % |
of total Revenue |
| Alternative revenues |
|
0.78 % |
of total Revenue |
| Late payment charges |
|
0.46 % |
of total Revenue |
| Amortization of revenue intangibles |
|
0.43 % |
of total Revenue |
| Bepoke resources current return |
|
0.13 % |
of total Revenue |
| Other |
|
0.04 % |
of total Revenue |
| External revenues |
|
100 % |
of total Revenue |
| Utility operations External revenues |
|
97.41 % |
of total Revenue |
| Reconciling eliminations Interrevenues |
|
-3.55 % |
of total Revenue |
| Wisconsin Utility operations External revenues |
|
68.09 % |
of total Revenue |
| Illinois Utility operations External revenues |
|
21.83 % |
of total Revenue |
| Other States Utility operations External revenues |
|
7.49 % |
of total Revenue |
| Non-Utility Energy Infrastructure External revenues |
|
2.59 % |
of total Revenue |
| Non-Utility Energy Infrastructure Interrevenues |
|
3.55 % |
of total Revenue |
Q1 three months ended (Mar 31 2026)
|
| Revenues by Business Segments |
Revenues
(in millions $) |
%
(of total Revenues) |
| Revenues from contracts with customers |
3,370.90 |
98.16 % |
| Other revenues |
63.30 |
1.84 % |
| Utility operations Revenues from contracts with customers |
3,291.20 |
95.84 % |
| Electric Revenues from contracts with customers |
1,433.30 |
41.74 % |
| Natural gas Revenues from contracts with customers |
1,857.90 |
54.1 % |
| Other non-utility revenues Revenues from contracts with customers |
79.70 |
2.32 % |
| Reconciling Eliminations |
-121.80 |
-3.55 % |
| Reconciling Eliminations Revenues from contracts with customers |
-14.70 |
-0.43 % |
| Reconciling Eliminations Other revenues |
-107.10 |
-3.12 % |
| Reconciling Eliminations Utility operations Revenues from contracts with customers |
-13.10 |
-0.38 % |
| Reconciling Eliminations Natural gas Revenues from contracts with customers |
-13.10 |
-0.38 % |
| Reconciling Eliminations Other non-utility revenues Revenues from contracts with customers |
-1.60 |
-0.05 % |
| Total Utility Operations Natural gas Transferred over time Revenues from contracts with customers |
1,857.80 |
54.1 % |
| Total Utility Operations |
3,345.30 |
97.41 % |
| Total Utility Operations Other revenues |
48.60 |
1.42 % |
| Total Utility Operations Transferred over time Revenues from contracts with customers |
3,296.70 |
96 % |
| Total Utility Operations Utility operations Transferred over time Revenues from contracts with customers |
3,291.10 |
95.83 % |
| Total Utility Operations Electric Transferred over time Revenues from contracts with customers |
1,433.30 |
41.74 % |
| Total Utility Operations Other non-utility revenues Transferred over time Revenues from contracts with customers |
5.60 |
0.16 % |
| Wisconsin Electric Transferred over time Revenues from contracts with customers |
1,433.30 |
41.74 % |
| Wisconsin Natural gas Transferred over time Revenues from contracts with customers |
892.30 |
25.98 % |
| Wisconsin |
2,338.30 |
68.09 % |
| Wisconsin Other revenues |
12.70 |
0.37 % |
| Wisconsin Transferred over time Revenues from contracts with customers |
2,325.60 |
67.72 % |
| Wisconsin Utility operations Transferred over time Revenues from contracts with customers |
2,325.60 |
67.72 % |
| Illinois Natural gas Transferred over time Revenues from contracts with customers |
712.00 |
20.73 % |
| Illinois |
749.70 |
21.83 % |
| Illinois Other revenues |
37.70 |
1.1 % |
| Illinois Transferred over time Revenues from contracts with customers |
712.00 |
20.73 % |
| Illinois Utility operations Transferred over time Revenues from contracts with customers |
712.00 |
20.73 % |
| Other States Natural gas Transferred over time Revenues from contracts with customers |
253.50 |
7.38 % |
| Other States |
257.30 |
7.49 % |
| Other States Other revenues |
-1.80 |
-0.05 % |
| Other States Transferred over time Revenues from contracts with customers |
259.10 |
7.54 % |
| Other States Utility operations Transferred over time Revenues from contracts with customers |
253.50 |
7.38 % |
| Other States Other non-utility revenues Transferred over time Revenues from contracts with customers |
5.60 |
0.16 % |
| Non-Utility Energy Infrastructure |
210.70 |
6.14 % |
| Non-Utility Energy Infrastructure Revenues from contracts with customers |
88.90 |
2.59 % |
| Non-Utility Energy Infrastructure Other revenues |
121.80 |
3.55 % |
| Non-Utility Energy Infrastructure Utility operations Revenues from contracts with customers |
13.20 |
0.38 % |
| Non-Utility Energy Infrastructure Natural gas Revenues from contracts with customers |
13.20 |
0.38 % |
| Non-Utility Energy Infrastructure Other non-utility revenues Revenues from contracts with customers |
75.70 |
2.2 % |
| Electric |
1,433.30 |
41.74 % |
| Wisconsin Electric Transferred over time |
1,433.30 |
41.74 % |
| Wisconsin Electric Transferred over time Total retail revenues |
1,307.10 |
38.06 % |
| Wisconsin Electric Transferred over time Residential |
573.40 |
16.7 % |
| Wisconsin Electric Transferred over time Small commercial and industrial |
451.60 |
13.15 % |
| Wisconsin Electric Transferred over time Large commercial and industrial |
274.00 |
7.98 % |
| Wisconsin Electric Transferred over time Other |
8.10 |
0.24 % |
| Wisconsin Electric Transferred over time Wholesale |
30.10 |
0.88 % |
| Wisconsin Electric Transferred over time Resale |
77.00 |
2.24 % |
| Wisconsin Electric Transferred over time Steam |
13.80 |
0.4 % |
| Wisconsin Electric Transferred over time Other utility revenues |
5.30 |
0.15 % |
| Natural gas |
1,857.90 |
54.1 % |
| Total Utility Operations Natural gas Transferred over time |
1,857.80 |
54.1 % |
| Total Utility Operations Natural gas Transferred over time Total retail revenues |
1,671.10 |
48.66 % |
| Total Utility Operations Natural gas Transferred over time Residential |
1,170.00 |
34.07 % |
| Total Utility Operations Natural gas Transferred over time Commercial and industrial |
501.10 |
14.59 % |
| Total Utility Operations Natural gas Transferred over time Transportation |
141.80 |
4.13 % |
| Total Utility Operations Natural gas Transferred over time Other utility revenues |
44.90 |
1.31 % |
| Wisconsin Natural gas Transferred over time |
892.30 |
25.98 % |
| Wisconsin Natural gas Transferred over time Total retail revenues |
855.90 |
24.92 % |
| Wisconsin Natural gas Transferred over time Residential |
567.30 |
16.52 % |
| Wisconsin Natural gas Transferred over time Commercial and industrial |
288.60 |
8.4 % |
| Wisconsin Natural gas Transferred over time Transportation |
34.40 |
1 % |
| Wisconsin Natural gas Transferred over time Other utility revenues |
2.00 |
0.06 % |
| Illinois Natural gas Transferred over time |
712.00 |
20.73 % |
| Illinois Natural gas Transferred over time Total retail revenues |
583.40 |
16.99 % |
| Illinois Natural gas Transferred over time Residential |
452.20 |
13.17 % |
| Illinois Natural gas Transferred over time Commercial and industrial |
131.20 |
3.82 % |
| Illinois Natural gas Transferred over time Transportation |
93.80 |
2.73 % |
| Illinois Natural gas Transferred over time Other utility revenues |
34.80 |
1.01 % |
| Other States Natural gas Transferred over time |
253.50 |
7.38 % |
| Other States Natural gas Transferred over time Total retail revenues |
231.80 |
6.75 % |
| Other States Natural gas Transferred over time Residential |
150.50 |
4.38 % |
| Other States Natural gas Transferred over time Commercial and industrial |
81.30 |
2.37 % |
| Other States Natural gas Transferred over time Transportation |
13.60 |
0.4 % |
| Other States Natural gas Transferred over time Other utility revenues |
8.10 |
0.24 % |
| Other non-utility revenues |
79.70 |
2.32 % |
| Other non-utility revenues We Power revenues |
6.10 |
0.18 % |
| Transferred over time Other non-utility revenues Renewable generation revenues |
68.00 |
1.98 % |
| Transferred over time Other non-utility revenues Appliance service revenues |
5.60 |
0.16 % |
| Alternative revenues |
26.90 |
0.78 % |
| Late payment charges |
15.90 |
0.46 % |
| Amortization of revenue intangibles |
14.70 |
0.43 % |
| Bepoke resources current return |
4.30 |
0.13 % |
| Other |
1.50 |
0.04 % |
| External revenues |
3,434.20 |
100 % |
| Utility operations External revenues |
3,345.30 |
97.41 % |
| Reconciling eliminations Interrevenues |
-121.80 |
-3.55 % |
| Wisconsin Utility operations External revenues |
2,338.30 |
68.09 % |
| Illinois Utility operations External revenues |
749.70 |
21.83 % |
| Other States Utility operations External revenues |
257.30 |
7.49 % |
| Non-Utility Energy Infrastructure External revenues |
88.90 |
2.59 % |
| Non-Utility Energy Infrastructure Interrevenues |
121.80 |
3.55 % |
| Total |
3,434.20 |
100 % |
Q1 three months ended (Mar 31 2026)
|
| Revenue Growth rates by Segment |
Y/Y Revenue
% |
Q/Q Revenue
% |
| Revenues from contracts with customers |
8.63 % |
- |
| Other revenues |
36.72 % |
- |
| Utility operations Revenues from contracts with customers |
8.34 % |
- |
| Electric Revenues from contracts with customers |
8.58 % |
- |
| Natural gas Revenues from contracts with customers |
8.16 % |
- |
| Other non-utility revenues Revenues from contracts with customers |
21.87 % |
- |
| Reconciling Eliminations |
- |
- |
| Reconciling Eliminations Revenues from contracts with customers |
- |
- |
| Reconciling Eliminations Other revenues |
- |
- |
| Reconciling Eliminations Utility operations Revenues from contracts with customers |
- |
- |
| Reconciling Eliminations Natural gas Revenues from contracts with customers |
- |
- |
| Reconciling Eliminations Other non-utility revenues Revenues from contracts with customers |
- |
- |
| Total Utility Operations Natural gas Transferred over time Revenues from contracts with customers |
8.19 % |
- |
| Total Utility Operations |
8.78 % |
- |
| Total Utility Operations Other revenues |
48.62 % |
- |
| Total Utility Operations Transferred over time Revenues from contracts with customers |
8.35 % |
- |
| Total Utility Operations Utility operations Transferred over time Revenues from contracts with customers |
8.36 % |
- |
| Total Utility Operations Electric Transferred over time Revenues from contracts with customers |
8.58 % |
- |
| Total Utility Operations Other non-utility revenues Transferred over time Revenues from contracts with customers |
1.82 % |
- |
| Wisconsin Electric Transferred over time Revenues from contracts with customers |
8.58 % |
- |
| Wisconsin Natural gas Transferred over time Revenues from contracts with customers |
21.55 % |
- |
| Wisconsin |
13.52 % |
- |
| Wisconsin Other revenues |
118.97 % |
- |
| Wisconsin Transferred over time Revenues from contracts with customers |
13.22 % |
- |
| Wisconsin Utility operations Transferred over time Revenues from contracts with customers |
13.22 % |
- |
| Illinois Natural gas Transferred over time Revenues from contracts with customers |
-6.23 % |
- |
| Illinois |
-4.9 % |
- |
| Illinois Other revenues |
30 % |
- |
| Illinois Transferred over time Revenues from contracts with customers |
-6.23 % |
- |
| Illinois Utility operations Transferred over time Revenues from contracts with customers |
-6.23 % |
- |
| Other States Natural gas Transferred over time Revenues from contracts with customers |
13.32 % |
- |
| Other States |
13.3 % |
- |
| Other States Other revenues |
- |
- |
| Other States Transferred over time Revenues from contracts with customers |
13.05 % |
- |
| Other States Utility operations Transferred over time Revenues from contracts with customers |
13.32 % |
- |
| Other States Other non-utility revenues Transferred over time Revenues from contracts with customers |
1.82 % |
- |
| Non-Utility Energy Infrastructure |
8.44 % |
- |
| Non-Utility Energy Infrastructure Revenues from contracts with customers |
17.59 % |
- |
| Non-Utility Energy Infrastructure Other revenues |
2.61 % |
- |
| Non-Utility Energy Infrastructure Utility operations Revenues from contracts with customers |
-6.38 % |
- |
| Non-Utility Energy Infrastructure Natural gas Revenues from contracts with customers |
-6.38 % |
- |
| Non-Utility Energy Infrastructure Other non-utility revenues Revenues from contracts with customers |
23.09 % |
- |
| Electric |
8.58 % |
- |
| Wisconsin Electric Transferred over time |
8.58 % |
- |
| Wisconsin Electric Transferred over time Total retail revenues |
7.81 % |
- |
| Wisconsin Electric Transferred over time Residential |
5.21 % |
- |
| Wisconsin Electric Transferred over time Small commercial and industrial |
7.24 % |
- |
| Wisconsin Electric Transferred over time Large commercial and industrial |
14.98 % |
- |
| Wisconsin Electric Transferred over time Other |
1.25 % |
- |
| Wisconsin Electric Transferred over time Wholesale |
8.66 % |
- |
| Wisconsin Electric Transferred over time Resale |
22.61 % |
- |
| Wisconsin Electric Transferred over time Steam |
7.81 % |
- |
| Wisconsin Electric Transferred over time Other utility revenues |
23.26 % |
- |
| Natural gas |
8.16 % |
- |
| Total Utility Operations Natural gas Transferred over time |
8.19 % |
- |
| Total Utility Operations Natural gas Transferred over time Total retail revenues |
7.69 % |
- |
| Total Utility Operations Natural gas Transferred over time Residential |
6.64 % |
- |
| Total Utility Operations Natural gas Transferred over time Commercial and industrial |
10.2 % |
- |
| Total Utility Operations Natural gas Transferred over time Transportation |
-1.6 % |
- |
| Total Utility Operations Natural gas Transferred over time Other utility revenues |
111.79 % |
- |
| Wisconsin Natural gas Transferred over time |
21.55 % |
- |
| Wisconsin Natural gas Transferred over time Total retail revenues |
15.79 % |
- |
| Wisconsin Natural gas Transferred over time Residential |
16.06 % |
- |
| Wisconsin Natural gas Transferred over time Commercial and industrial |
15.26 % |
- |
| Wisconsin Natural gas Transferred over time Transportation |
3.61 % |
- |
| Wisconsin Natural gas Transferred over time Other utility revenues |
- |
- |
| Illinois Natural gas Transferred over time |
-6.23 % |
- |
| Illinois Natural gas Transferred over time Total retail revenues |
-2.25 % |
- |
| Illinois Natural gas Transferred over time Residential |
-2.88 % |
- |
| Illinois Natural gas Transferred over time Commercial and industrial |
0 % |
- |
| Illinois Natural gas Transferred over time Transportation |
-3.7 % |
- |
| Illinois Natural gas Transferred over time Other utility revenues |
-46.54 % |
- |
| Other States Natural gas Transferred over time |
13.32 % |
- |
| Other States Natural gas Transferred over time Total retail revenues |
7.41 % |
- |
| Other States Natural gas Transferred over time Residential |
5.47 % |
- |
| Other States Natural gas Transferred over time Commercial and industrial |
11.22 % |
- |
| Other States Natural gas Transferred over time Transportation |
0.74 % |
- |
| Other States Natural gas Transferred over time Other utility revenues |
- |
- |
| Other non-utility revenues |
21.87 % |
- |
| Other non-utility revenues We Power revenues |
0 % |
- |
| Transferred over time Other non-utility revenues Renewable generation revenues |
26.39 % |
- |
| Transferred over time Other non-utility revenues Appliance service revenues |
1.82 % |
- |
| Alternative revenues |
46.99 % |
- |
| Late payment charges |
15.22 % |
- |
| Amortization of revenue intangibles |
8.09 % |
- |
| Bepoke resources current return |
- |
- |
| Other |
150 % |
- |
| External revenues |
9.04 % |
- |
| Utility operations External revenues |
8.78 % |
- |
| Reconciling eliminations Interrevenues |
- |
- |
| Wisconsin Utility operations External revenues |
13.52 % |
- |
| Illinois Utility operations External revenues |
-4.9 % |
- |
| Other States Utility operations External revenues |
13.3 % |
- |
| Non-Utility Energy Infrastructure External revenues |
19.81 % |
- |
| Non-Utility Energy Infrastructure Interrevenues |
1.42 % |
- |
| Total |
9.04 % |
- |
| |
| Revenues from contracts with customers |
|
99.55 % |
of total Revenue |
| Other revenues |
|
0.45 % |
of total Revenue |
| Electric Revenues from contracts with customers |
|
56.42 % |
of total Revenue |
| Natural gas Revenues from contracts with customers |
|
40.51 % |
of total Revenue |
| Other non-utility revenues Revenues from contracts with customers |
|
2.61 % |
of total Revenue |
| Reconciling Eliminations |
|
-4.86 % |
of total Revenue |
| Reconciling Eliminations Revenues from contracts with customers |
|
-0.55 % |
of total Revenue |
| Reconciling Eliminations Other revenues |
|
-4.32 % |
of total Revenue |
| Reconciling Eliminations Natural gas Revenues from contracts with customers |
|
-0.45 % |
of total Revenue |
| Reconciling Eliminations Other non-utility revenues Revenues from contracts with customers |
|
-0.09 % |
of total Revenue |
| Total Utility Operations Natural gas Transferred over time Revenues from contracts with customers |
|
40.48 % |
of total Revenue |
| Total Utility Operations Other revenues |
|
-0.12 % |
of total Revenue |
| Total Utility Operations Transferred over time Revenues from contracts with customers |
|
97.13 % |
of total Revenue |
| Total Utility Operations Electric Transferred over time Revenues from contracts with customers |
|
56.42 % |
of total Revenue |
| Total Utility Operations Other non-utility revenues Transferred over time Revenues from contracts with customers |
|
0.22 % |
of total Revenue |
| Wisconsin Electric Transferred over time Revenues from contracts with customers |
|
56.42 % |
of total Revenue |
| Wisconsin Natural gas Transferred over time Revenues from contracts with customers |
|
17.77 % |
of total Revenue |
| Wisconsin Other revenues |
|
0.25 % |
of total Revenue |
| Wisconsin Transferred over time Revenues from contracts with customers |
|
74.2 % |
of total Revenue |
| Illinois Natural gas Transferred over time Revenues from contracts with customers |
|
17.53 % |
of total Revenue |
| Illinois Other revenues |
|
-0.35 % |
of total Revenue |
| Illinois Transferred over time Revenues from contracts with customers |
|
17.53 % |
of total Revenue |
| Other States Natural gas Transferred over time Revenues from contracts with customers |
|
5.18 % |
of total Revenue |
| Other States Other revenues |
|
-0.02 % |
of total Revenue |
| Other States Transferred over time Revenues from contracts with customers |
|
5.41 % |
of total Revenue |
| Other States Other non-utility revenues Transferred over time Revenues from contracts with customers |
|
0.22 % |
of total Revenue |
| Non-Utility Energy Infrastructure Revenues from contracts with customers |
|
2.97 % |
of total Revenue |
| Non-Utility Energy Infrastructure Other revenues |
|
4.89 % |
of total Revenue |
| Non-Utility Energy Infrastructure Natural gas Revenues from contracts with customers |
|
0.48 % |
of total Revenue |
| Non-Utility Energy Infrastructure Other non-utility revenues Revenues from contracts with customers |
|
2.49 % |
of total Revenue |
| Electric |
|
56.42 % |
of total Revenue |
| Wisconsin Electric Transferred over time |
|
56.42 % |
of total Revenue |
| Wisconsin Electric Transferred over time Total retail revenues |
|
52.06 % |
of total Revenue |
| Wisconsin Electric Transferred over time Residential |
|
22.95 % |
of total Revenue |
| Wisconsin Electric Transferred over time Small commercial and industrial |
|
18 % |
of total Revenue |
| Wisconsin Electric Transferred over time Large commercial and industrial |
|
10.79 % |
of total Revenue |
| Wisconsin Electric Transferred over time Other |
|
0.32 % |
of total Revenue |
| Wisconsin Electric Transferred over time Wholesale |
|
1.1 % |
of total Revenue |
| Wisconsin Electric Transferred over time Resale |
|
2.73 % |
of total Revenue |
| Wisconsin Electric Transferred over time Steam |
|
0.29 % |
of total Revenue |
| Wisconsin Electric Transferred over time Other utility revenues |
|
0.25 % |
of total Revenue |
| Other non-utility revenues |
|
2.61 % |
of total Revenue |
| Other non-utility revenues We Power revenues |
|
0.25 % |
of total Revenue |
| Transferred over time Other non-utility revenues Renewable generation revenues |
|
2.14 % |
of total Revenue |
| Alternative revenues |
|
-0.69 % |
of total Revenue |
| Late payment charges |
|
0.49 % |
of total Revenue |
| Bepoke resources current return |
|
0.04 % |
of total Revenue |
| Other |
|
0.61 % |
of total Revenue |
| We Power revenues |
|
0.25 % |
of total Revenue |
| Total regulated revenues Revenues from contracts with customers |
|
96.93 % |
of total Revenue |
| Natural gas Transferred over time Revenues from contracts with customers |
|
40.48 % |
of total Revenue |
| Reconciling Eliminations Total regulated revenues Revenues from contracts with customers |
|
-0.45 % |
of total Revenue |
| Total Utility Operations segments |
|
97.01 % |
of total Revenue |
| Total Utility Operations Total regulated revenues Transferred over time Revenues from contracts with customers |
|
96.91 % |
of total Revenue |
| Wisconsin segments |
|
74.44 % |
of total Revenue |
| Wisconsin Total regulated revenues Transferred over time Revenues from contracts with customers |
|
74.2 % |
of total Revenue |
| Illinois segments |
|
17.18 % |
of total Revenue |
| Illinois Total regulated revenues Transferred over time Revenues from contracts with customers |
|
17.53 % |
of total Revenue |
| Other States segments |
|
5.38 % |
of total Revenue |
| Other States Total regulated revenues Transferred over time Revenues from contracts with customers |
|
5.18 % |
of total Revenue |
| Non-Utility Energy Infrastructure segments |
|
7.86 % |
of total Revenue |
| Non-Utility Energy Infrastructure Total regulated revenues Revenues from contracts with customers |
|
0.48 % |
of total Revenue |
| Transferred over time Other non-utility revenues Appliance service repairs |
|
0.22 % |
of total Revenue |
Twelve months ended 2025
|
| WEC s Annual Revenue by Geography and Business Segments |
Sales
(in millions $) |
%
(of total Sales) |
| Revenues from contracts with customers |
9,755.60 |
99.55 % |
| Other revenues |
44.50 |
0.45 % |
| Electric Revenues from contracts with customers |
5,529.60 |
56.42 % |
| Natural gas Revenues from contracts with customers |
3,969.80 |
40.51 % |
| Other non-utility revenues Revenues from contracts with customers |
256.20 |
2.61 % |
| Reconciling Eliminations |
-476.70 |
-4.86 % |
| Reconciling Eliminations Revenues from contracts with customers |
-53.70 |
-0.55 % |
| Reconciling Eliminations Other revenues |
-423.00 |
-4.32 % |
| Reconciling Eliminations Natural gas Revenues from contracts with customers |
-44.50 |
-0.45 % |
| Reconciling Eliminations Other non-utility revenues Revenues from contracts with customers |
-9.20 |
-0.09 % |
| Total Utility Operations Natural gas Transferred over time Revenues from contracts with customers |
3,967.30 |
40.48 % |
| Total Utility Operations Other revenues |
-12.10 |
-0.12 % |
| Total Utility Operations Transferred over time Revenues from contracts with customers |
9,518.70 |
97.13 % |
| Total Utility Operations Electric Transferred over time Revenues from contracts with customers |
5,529.60 |
56.42 % |
| Total Utility Operations Other non-utility revenues Transferred over time Revenues from contracts with customers |
21.80 |
0.22 % |
| Wisconsin Electric Transferred over time Revenues from contracts with customers |
5,529.60 |
56.42 % |
| Wisconsin Natural gas Transferred over time Revenues from contracts with customers |
1,741.60 |
17.77 % |
| Wisconsin Other revenues |
24.30 |
0.25 % |
| Wisconsin Transferred over time Revenues from contracts with customers |
7,271.20 |
74.2 % |
| Illinois Natural gas Transferred over time Revenues from contracts with customers |
1,717.60 |
17.53 % |
| Illinois Other revenues |
-34.00 |
-0.35 % |
| Illinois Transferred over time Revenues from contracts with customers |
1,717.60 |
17.53 % |
| Other States Natural gas Transferred over time Revenues from contracts with customers |
508.10 |
5.18 % |
| Other States Other revenues |
-2.40 |
-0.02 % |
| Other States Transferred over time Revenues from contracts with customers |
529.90 |
5.41 % |
| Other States Other non-utility revenues Transferred over time Revenues from contracts with customers |
21.80 |
0.22 % |
| Non-Utility Energy Infrastructure Revenues from contracts with customers |
290.60 |
2.97 % |
| Non-Utility Energy Infrastructure Other revenues |
479.60 |
4.89 % |
| Non-Utility Energy Infrastructure Natural gas Revenues from contracts with customers |
47.00 |
0.48 % |
| Non-Utility Energy Infrastructure Other non-utility revenues Revenues from contracts with customers |
243.60 |
2.49 % |
| Electric |
5,529.60 |
56.42 % |
| Wisconsin Electric Transferred over time |
5,529.60 |
56.42 % |
| Wisconsin Electric Transferred over time Total retail revenues |
5,101.90 |
52.06 % |
| Wisconsin Electric Transferred over time Residential |
2,249.60 |
22.95 % |
| Wisconsin Electric Transferred over time Small commercial and industrial |
1,763.60 |
18 % |
| Wisconsin Electric Transferred over time Large commercial and industrial |
1,057.80 |
10.79 % |
| Wisconsin Electric Transferred over time Other |
30.90 |
0.32 % |
| Wisconsin Electric Transferred over time Wholesale |
107.60 |
1.1 % |
| Wisconsin Electric Transferred over time Resale |
267.60 |
2.73 % |
| Wisconsin Electric Transferred over time Steam |
28.40 |
0.29 % |
| Wisconsin Electric Transferred over time Other utility revenues |
24.10 |
0.25 % |
| Other non-utility revenues |
256.20 |
2.61 % |
| Other non-utility revenues We Power revenues |
24.60 |
0.25 % |
| Transferred over time Other non-utility revenues Renewable generation revenues |
209.80 |
2.14 % |
| Alternative revenues |
-67.70 |
-0.69 % |
| Late payment charges |
48.10 |
0.49 % |
| Bepoke resources current return |
4.10 |
0.04 % |
| Other |
60.00 |
0.61 % |
| Total |
9,800.10 |
100 % |
| We Power revenues |
24.60 |
0.25 % |
| Total regulated revenues Revenues from contracts with customers |
9,499.40 |
96.93 % |
| Natural gas Transferred over time Revenues from contracts with customers |
3,967.30 |
40.48 % |
| Reconciling Eliminations Total regulated revenues Revenues from contracts with customers |
-44.50 |
-0.45 % |
| Total Utility Operations segments |
9,506.60 |
97.01 % |
| Total Utility Operations Total regulated revenues Transferred over time Revenues from contracts with customers |
9,496.90 |
96.91 % |
| Wisconsin segments |
7,295.50 |
74.44 % |
| Wisconsin Total regulated revenues Transferred over time Revenues from contracts with customers |
7,271.20 |
74.2 % |
| Illinois segments |
1,683.60 |
17.18 % |
| Illinois Total regulated revenues Transferred over time Revenues from contracts with customers |
1,717.60 |
17.53 % |
| Other States segments |
527.50 |
5.38 % |
| Other States Total regulated revenues Transferred over time Revenues from contracts with customers |
508.10 |
5.18 % |
| Non-Utility Energy Infrastructure segments |
770.20 |
7.86 % |
| Non-Utility Energy Infrastructure Total regulated revenues Revenues from contracts with customers |
47.00 |
0.48 % |
| Transferred over time Other non-utility revenues Appliance service repairs |
21.80 |
0.22 % |
Twelve months ended 2025
|
| Annual Revenue and Income Growth by Country and Business Segments |
% Y/Y Sales Growth |
% Y/Y Income Growth |
| Revenues from contracts with customers |
15.21 % |
- |
| Other revenues |
-66.34 % |
- |
| Electric Revenues from contracts with customers |
12.66 % |
- |
| Natural gas Revenues from contracts with customers |
19.42 % |
- |
| Other non-utility revenues Revenues from contracts with customers |
8.93 % |
- |
| Reconciling Eliminations |
- |
- |
| Reconciling Eliminations Revenues from contracts with customers |
- |
- |
| Reconciling Eliminations Other revenues |
- |
- |
| Reconciling Eliminations Natural gas Revenues from contracts with customers |
- |
- |
| Reconciling Eliminations Other non-utility revenues Revenues from contracts with customers |
- |
- |
| Total Utility Operations Natural gas Transferred over time Revenues from contracts with customers |
19.44 % |
- |
| Total Utility Operations Other revenues |
- |
- |
| Total Utility Operations Transferred over time Revenues from contracts with customers |
15.37 % |
- |
| Total Utility Operations Electric Transferred over time Revenues from contracts with customers |
12.66 % |
- |
| Total Utility Operations Other non-utility revenues Transferred over time Revenues from contracts with customers |
6.86 % |
- |
| Wisconsin Electric Transferred over time Revenues from contracts with customers |
12.66 % |
- |
| Wisconsin Natural gas Transferred over time Revenues from contracts with customers |
24.19 % |
- |
| Wisconsin Other revenues |
23.35 % |
- |
| Wisconsin Transferred over time Revenues from contracts with customers |
15.22 % |
- |
| Illinois Natural gas Transferred over time Revenues from contracts with customers |
14.54 % |
- |
| Illinois Other revenues |
- |
- |
| Illinois Transferred over time Revenues from contracts with customers |
14.54 % |
- |
| Other States Natural gas Transferred over time Revenues from contracts with customers |
21.06 % |
- |
| Other States Other revenues |
- |
- |
| Other States Transferred over time Revenues from contracts with customers |
20.4 % |
- |
| Other States Other non-utility revenues Transferred over time Revenues from contracts with customers |
6.86 % |
- |
| Non-Utility Energy Infrastructure Revenues from contracts with customers |
6.72 % |
- |
| Non-Utility Energy Infrastructure Other revenues |
14.46 % |
- |
| Non-Utility Energy Infrastructure Natural gas Revenues from contracts with customers |
-2.89 % |
- |
| Non-Utility Energy Infrastructure Other non-utility revenues Revenues from contracts with customers |
8.8 % |
- |
| Electric |
12.66 % |
- |
| Wisconsin Electric Transferred over time |
12.66 % |
- |
| Wisconsin Electric Transferred over time Total retail revenues |
11.34 % |
- |
| Wisconsin Electric Transferred over time Residential |
12.69 % |
- |
| Wisconsin Electric Transferred over time Small commercial and industrial |
9.34 % |
- |
| Wisconsin Electric Transferred over time Large commercial and industrial |
12.22 % |
- |
| Wisconsin Electric Transferred over time Other |
2.32 % |
- |
| Wisconsin Electric Transferred over time Wholesale |
4.87 % |
- |
| Wisconsin Electric Transferred over time Resale |
51.44 % |
- |
| Wisconsin Electric Transferred over time Steam |
26.79 % |
- |
| Wisconsin Electric Transferred over time Other utility revenues |
-2.03 % |
- |
| Natural gas |
- |
- |
| Wisconsin Natural gas Transferred over time |
- |
- |
| Wisconsin Natural gas Transferred over time Total retail revenues |
- |
- |
| Wisconsin Natural gas Transferred over time Residential |
- |
- |
| Wisconsin Natural gas Transferred over time Commercial and industrial |
- |
- |
| Wisconsin Natural gas Transferred over time Other utility revenues |
- |
- |
| Illinois Natural gas Transferred over time |
- |
- |
| Illinois Natural gas Transferred over time Total retail revenues |
- |
- |
| Illinois Natural gas Transferred over time Residential |
- |
- |
| Illinois Natural gas Transferred over time Commercial and industrial |
- |
- |
| Illinois Natural gas Transferred over time Other utility revenues |
- |
- |
| Other States Natural gas Transferred over time |
- |
- |
| Other States Natural gas Transferred over time Total retail revenues |
- |
- |
| Other States Natural gas Transferred over time Residential |
- |
- |
| Other States Natural gas Transferred over time Commercial and industrial |
- |
- |
| Other States Natural gas Transferred over time Other utility revenues |
- |
- |
| Other non-utility revenues |
8.93 % |
- |
| Other non-utility revenues We Power revenues |
1.23 % |
- |
| Transferred over time Other non-utility revenues Renewable generation revenues |
10.13 % |
- |
| Alternative revenues |
- |
- |
| Late payment charges |
-0.82 % |
- |
| Other |
1438.46 % |
- |
| Total |
13.96 % |
2.05 % |
| We Power revenues |
1.23 % |
- |
| Total regulated revenues Revenues from contracts with customers |
15.39 % |
- |
| Natural gas Transferred over time Revenues from contracts with customers |
19.44 % |
- |
| Reconciling Eliminations Total regulated revenues Revenues from contracts with customers |
- |
- |
| Total Utility Operations segments |
13.41 % |
- |
| Total Utility Operations Total regulated revenues Transferred over time Revenues from contracts with customers |
15.39 % |
- |
| Wisconsin segments |
15.24 % |
- |
| Wisconsin Total regulated revenues Transferred over time Revenues from contracts with customers |
15.22 % |
- |
| Illinois segments |
5.07 % |
- |
| Illinois Total regulated revenues Transferred over time Revenues from contracts with customers |
14.54 % |
- |
| Other States segments |
17.27 % |
- |
| Other States Total regulated revenues Transferred over time Revenues from contracts with customers |
21.06 % |
- |
| Non-Utility Energy Infrastructure segments |
11.41 % |
- |
| Non-Utility Energy Infrastructure Total regulated revenues Revenues from contracts with customers |
-2.89 % |
- |
| Transferred over time Other non-utility revenues Appliance service repairs |
6.86 % |
- |
| Natural gas Transferred over time |
- |
- |
| Natural gas Transferred over time Total retail revenues |
- |
- |
| Natural gas Transferred over time Residential |
- |
- |
| Natural gas Transferred over time Commercial and industrial |
- |
- |
| Natural gas Transferred over time Transport |
- |
- |
| Natural gas Transferred over time Other utility revenues |
- |
- |
| Wisconsin Natural gas Transferred over time Transport |
- |
- |
| Illinois Natural gas Transferred over time Transport |
- |
- |
| Other States Natural gas Transferred over time Transport |
- |
- |
