WEC Energy Group (WEC) raised and narrowed its 2026 earnings outlook to $5.60 to $5.64 a share after warmer-than-normal weather and Very Large Customer-supported capital investment, assuming normal weather for the rest of the year. The prior range was $5.51 to $5.61 a share.

The Milwaukee-based energy company, which serves 4.8 million customers in Wisconsin, Illinois, Michigan and Minnesota, reported net income of $389.3 million, or $1.18 a share, for the third quarter of 2026, up from $271.3 million, or 83 cents a share, a year earlier. Operating revenues were $2.29 billion. Operating income was $563.7 million.

Chairman, president and CEO Scott Lauber said the results were driven by warmer-than-normal weather, execution of the capital plan and operating efficiency, and that the company remains on track to deliver solid financial and operational performance in 2026.

Retail electricity deliveries excluding Michigan’s Upper Peninsula iron ore mine and Wisconsin Very Large Customers rose 3.3% in the third quarter from a year earlier, after being essentially flat in the second quarter. On a weather-normal basis those deliveries increased 0.4%. Residential electricity use rose 5.1% after a 1.1% decline in the second quarter. Small commercial and industrial use rose 3.5%. Large commercial and industrial use, excluding the mine and VLCs, rose 1.0%.

For the nine months ended Sept. 30, 2026, net income attributed to common shareholders was $1.49 billion, or $4.54 a share, compared with $1.24 billion, or $3.85 a share, a year earlier. Consolidated revenues for the nine months totaled $7.8 billion, up $523.9 million from the nine months ended Sept. 30, 2025.

Equity in earnings of transmission affiliates was $65.8 million in the third quarter, compared with $54.8 million a year earlier. Other income, net, was $49.5 million. Interest expense was $241.7 million.

Dividends on common stock were $0.9525 a share in the third quarter, compared with $0.8925 a share a year earlier.

The company’s principal utilities include We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. We Power designs, builds and owns electric generating plants. WEC Infrastructure LLC owns renewable generation facilities from South Dakota to Texas.