WEC Energy Group (WEC) investor relations material

Executive summary

• Q2 2026 net income was $299.2 million ($0.91 per diluted share), up from $245.4 million ($0.76 per share) in Q2 2025, reflecting strong execution and operating efficiency.

• Six-month net income reached $1.1 billion ($3.36 per share), compared to $969.6 million ($3.02 per share) in the prior year.

• On track to meet 2026 earnings guidance of $5.51-$5.61 per share, assuming normal weather for the remainder of the year.

• Significant regional economic growth driven by large-scale data center developments from Microsoft, Oracle (Vantage), and other industrial expansions.

• Five-year capital plan projects $37.5 billion in investments, with 15% of asset base expected to serve very large customers by 2030.

Financial highlights

• Q2 2026 diluted EPS of $0.91, a $0.15 increase from Q2 2025.

• Q2 2026 operating revenues were $2,062.1 million, up from $2,009.5 million in Q2 2025.

• Utility operations earnings up $0.06 year-over-year; rate base growth contributed $0.13, offset by higher depreciation and O&M.

• EBITDA for the first six months of 2026 was $2,405.8 million, up from $2,222.4 million in 2025.

• Weather negatively impacted Q2 2026 earnings by $0.05 compared to Q2 2025.

Outlook and guidance

• Reaffirmed 2026 EPS guidance of $5.51-$5.61, assuming normal weather.

• Q3 2026 EPS expected in the range of $0.92-$0.98.

• Long-term EPS growth projected at 7%-8% CAGR from 2026-2030, with acceleration expected from 2028.

• Capital plan update to be provided in Q3 2026.