WEC: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	9.80bn	8.60bn
Cost of revenue	3.27bn	2.66bn
Operating expenses	7.56bn	6.45bn
Operating income	2.24bn	2.15bn
Pre-tax income	1.67bn	1.75bn
Income tax	118m	222m
Net income	1.56bn	1.53bn
Earnings per share	4.84	4.83
Earnings per share, diluted	4.81	4.83
Weighted average shares	322m	316m
Weighted average shares, diluted	324m	317m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	46m	28m	51m	23m	82m	10m	361m	303m
Receivables	1.91bn	2.06bn	1.27bn	1.50bn	1.81bn	1.67bn	1.18bn	1.24bn
Current assets	2.98bn	3.28bn	2.52bn	2.60bn	2.94bn	2.91bn	2.62bn	2.58bn
Property, plant and equipment	38.71bn	38.28bn	37.35bn	36.06bn	35.45bn	34.65bn	32.85bn	32.26bn
Goodwill	3.05bn	3.05bn	3.05bn	3.05bn	3.05bn	3.05bn	3.05bn	3.05bn
Total assets	51.73bn	51.52bn	49.81bn	48.52bn	48.23bn	47.36bn	45.20bn	44.58bn
Current liabilities	4.39bn	5.59bn	5.05bn	4.70bn	5.86bn	4.84bn	4.01bn	3.49bn
Short-term debt	520m	1.52bn	1.90bn	2.25bn	2.73bn	1.73bn	1.82bn	1.16bn
Long-term debt	19.38bn	18.50bn	17.66bn	17.11bn	16.16bn	17.18bn	16.89bn	16.91bn
Equity	14.57bn	14.05bn	14.01bn	13.67bn	13.43bn	12.80bn	12.39bn	12.39bn
Shares outstanding	326m	325m	325m	322m	319m	318m	316m	316m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	3.38bn	3.21bn
Depreciation and amortisation	1.48bn	1.35bn
Investing cash flow	−4.87bn	−3.80bn
Dividends paid	1.15bn	1.06bn
Share buybacks	1m	3m
Financing cash flow	1.52bn	468m