WEC Energy (WEC) Stock News

We Energies (NYSE: WEC) has announced an extension to the operating lives of units 7 and 8 at the Oak Creek Power Plant through the end of 2026, postponing their previously scheduled retirement from end of 2025. The decision is driven by tightened energy supply requirements in the Midwest power market and the need to maintain reliable service during peak demand periods.

The units, built in the 1960s, have a total capacity of 610 megawatts (MW) and feature modern environmental controls. We Energies is simultaneously advancing plans for over 6,300 MW of new generation capacity, including natural gas, wind, solar, and battery storage projects over the next five years. The company serves more than 1.1 million electric and natural gas customers in Wisconsin.

WEC Energy Group announced the pricing of $775 million convertible senior notes due 2028, upsized from the previously announced $700 million. The notes will carry a 3.375% annual interest rate, paid semiannually, and will mature on June 1, 2028. The initial conversion rate is 7.7901 shares per $1,000 principal amount, equivalent to a conversion price of $128.37 per share, representing a 22.5% premium above the last reported stock price. The company granted initial purchasers an option to purchase an additional $125 million in notes. The notes will be convertible into cash, WEC common stock, or a combination thereof at WEC's election. The offering is expected to close on June 10, 2025, with proceeds intended for general corporate purposes, including short-term debt repayment.

WEC Energy Group (NYSE: WEC) has announced plans to offer $700 million in convertible senior notes due 2028 through a private offering to qualified institutional buyers. The initial purchasers will have an option to buy an additional $105 million in notes within 13 days. The notes will be senior, unsecured obligations with semiannual interest payments, maturing on June 1, 2028. Conversion rights will be limited before March 1, 2028, becoming freely convertible thereafter. Upon conversion, WEC will pay cash up to the principal amount and may choose to settle the remainder in cash, common stock, or a combination. The proceeds will be used for general corporate purposes, including short-term debt repayment. WEC Energy Group serves 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota through its utilities portfolio.

At WEC Energy Group's (NYSE: WEC) annual meeting, Chairman Gale Klappa and CEO Scott Lauber highlighted the company's strong performance in 2024-2025. Key achievements include: launching the company's largest five-year capital plan, adding two major solar projects (Paris and Darien Solar Energy Centers), and retiring coal units 5-6 at Oak Creek Power Plant. WEC ranked first nationally in large commercial/industrial customer satisfaction and returned a record $1.06 billion to stockholders through dividends. The company increased its dividend by 6.9% to $3.57 per share, marking the 22nd consecutive year of dividend growth. WEC Energy Group serves 4.7 million customers across four states, manages over $48 billion in assets, and employs 7,000 people.

WEC Energy Group (NYSE: WEC) reported strong Q1 2025 financial results with net income of $724.2 million ($2.27 per share), up from $622.3 million ($1.97 per share) in Q1 2024. Consolidated revenues reached $3.1 billion, increasing by $469.3 million year-over-year. Natural gas deliveries in Wisconsin rose 15.5% (0.5% lower on weather-normal basis), while retail electricity deliveries grew 2.9%. Residential electricity use increased by 5.5%, and commercial/industrial customer usage also showed positive growth. The company reaffirmed its 2025 earnings guidance of $5.17-$5.27 per share, assuming normal weather conditions for the remainder of the year.

WEC Energy Group (NYSE: WEC) has scheduled the release of its 2025 first-quarter earnings report for Tuesday, May 6, before market opening. The company will host a conference call for investors and analysts at 1 p.m. Central time on the same day.

Key details:

• Financial information available on website by 6:30 a.m. Central time
• Live webcast accessible at wecenergygroup.com
• Conference call ID: 3088105

Company overview:

• Serves 4.7 million customers across Wisconsin, Illinois, Michigan and Minnesota
• Major utilities include We Energies, Wisconsin Public Service, Peoples Gas
• Subsidiary We Power focuses on electric generating plants
• WEC Infrastructure owns renewable facilities from South Dakota to Texas

As a Fortune 500 and S&P 500 component, WEC Energy Group maintains 33,000 stockholders, employs 7,000 people, and manages over $48 billion in assets.

Wisconsin Electric, a subsidiary of WEC Energy Group (NYSE: WEC), has announced its quarterly dividend declarations. The company will pay $0.90 per share on its Preferred Stock, 3.60% Series, payable June 1, 2025, to stockholders of record on May 14, 2025. Additionally, a quarterly cash dividend of $1.50 per share was declared on the Six Per Cent Preferred Stock, payable July 31, 2025, to stockholders of record on July 14, 2025.

The company, operating as We Energies, serves over 1.1 million electric customers and 490,000 natural gas customers in Wisconsin.

WEC Energy Group (NYSE: WEC) has announced its quarterly cash dividend of 89.25 cents per share on common stock, payable June 1, 2025, to stockholders of record on May 14, 2025. This marks the company's 331st consecutive quarterly dividend payment, maintaining an unbroken streak dating back to 1942.

WEC Energy Group serves 4.7 million customers across Wisconsin, Illinois, Michigan and Minnesota through its principal utilities including We Energies, Wisconsin Public Service, and others. The company maintains $48 billion in assets, employs 7,000 people, and has 33,000 stockholders of record. As a Fortune 500 and S&P 500 component, WEC operates renewable generation facilities across multiple states through WEC Infrastructure

WEC Energy Group (NYSE: WEC) reported strong financial results for 2024, with GAAP net income reaching $1.5 billion ($4.83 per share), up from $1.3 billion ($4.22 per share) in 2023. Adjusted earnings, excluding ICC disallowance charges, increased 5.4% to $4.88 per share. Fourth quarter 2024 earnings were $453.5 million ($1.43 per share).

Annual consolidated revenues decreased by $293.1 million to $8.6 billion. Retail electricity deliveries saw a modest 0.5% increase, while natural gas deliveries in Wisconsin declined by 2.9%. The company reaffirmed its 2025 earnings guidance of $5.17-$5.27 per share, targeting 7.6% growth. WEC also announced a 6.9% dividend increase to 89.25 cents per share, marking its 22nd consecutive year of dividend growth.