Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
+1.31%
$113.41
100% positive prob.
5-Day Prediction
+2.21%
$114.41
100% positive prob.
20-Day Prediction
+1.83%
$113.99
95% positive prob.
SEC 8-K filings with transcript text
Feb 5, 2026 · 100% conf.
1D
+1.31%
$113.41
Act: -0.46%
5D
+2.21%
$114.41
Act: +1.87%
20D
+1.83%
$113.99
Act: +3.61%
wec-202602050000783325false00007833252026-02-052026-02-05
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
February 5, 2026
Commission File NumberRegistrant; State of Incorporation; Address; and Telephone NumberIRS Employer Identification No.
(A Wisconsin Corporation) 231 West Michigan Street P.O. Box 1331 Milwaukee, WI 53201 (414) 221-2345
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $.01 Par ValueWECNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
1
On Thursday, February 5, 2026, WEC Energy Group, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 2025. A copy of the press release is being furnished to the Securities and Exchange Commission as Exhibit 99.1 attached hereto and incorporated herein by reference.
(d) Exhibits
99.1 Press Release dated February 5, 2026.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
(Registrant)
/s/ WILLIAM J. GUC February 5, 2026William J. Guc, Vice President and Controller
3
Feb 3, 2026 · 100% conf.
1D
+1.31%
$113.41
Act: -0.46%
5D
+2.21%
$114.41
Act: +1.87%
20D
+1.83%
$113.99
Act: +3.61%
wec-202602030000783325false00007833252026-02-032026-02-03
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
February 3, 2026
Commission File NumberRegistrant; State of Incorporation; Address; and Telephone NumberIRS Employer Identification No.
(A Wisconsin Corporation) 231 West Michigan Street P.O. Box 1331 Milwaukee, WI 53201 (414) 221-2345
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $.01 Par ValueWECNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
1
On February 3, 2026, The Peoples Gas Light and Coke Company (“PGL”) and North Shore Gas Company (“NSG”), Illinois utility subsidiaries of WEC Energy Group, Inc. (“WEC Energy”), agreed on the terms of a proposed settlement (the “Settlement Agreement”) with the People of the State of Illinois, by and through Kwame Raoul, Attorney General of the State of Illinois, that, if approved by the Illinois Commerce Commission following a public review process, would resolve all open proceedings in Illinois related to the Qualifying Infrastructure Plant rider (the “QIP Proceedings”) and the Uncollectible Expense Adjustment rider (the “UEA Proceedings”). The QIP Proceedings include reconciliations from 2017 to 2023 when the rider sunset, and the UEA Proceedings include reconciliations from 2019 to 2023. In order to resolve the QIP Proceedings, PGL agreed to permanently remove $130.0 million of qualified infrastructure investment costs from rate base starting in 2027 and to distribute $75.0 million to its customers as bill credits over the three year period 2026-2028. PGL and NSG agreed to distribute $49.0 million and $1.0 million, respectively, to customers as bill credits over the three year period 2026-2028, to resolve the UEA Proceedings.
Due to the Settlement Agreement, WEC Energy’s 2025 financial results will reflect the impact of a $205 million, or $0.46 per share, charge rather than the $150 million charge that WEC Energy previously reported it expected to record in 2025. The total of the rate base reduction and the obligation to distribute bill credits recorded on our balance sheet at December 31, 2025 is $255.0 million.
Certain statements contained in this Current Report on Form 8-K are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based upon management’s current expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those contemplated in the statements. Readers are cautioned not to place undue reliance on these statements. Forward-looking statements include, among other things, statements concerning management’s expectations and projections regarding earnings and earnings per share, future results, and regulatory decisions. In some cases, forward-looking statements may be identified by reference to a future period or periods or by the use of forward-looking terminology such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “guidance,” “intends,” “may,” “objectives,” “plans,” “possible,” “potential,” “projects,” “should,” “targets,” “will” or similar terms or variations of these terms.
Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements include, but are not limited to: general economic conditions, including business and competitive conditions in the company’s service territories; timing, resolution and impact of rate cases and
Jan 5, 2026 · 100% conf.
1D
+1.31%
$113.41
Act: -0.46%
5D
+2.21%
$114.41
Act: +1.87%
20D
+1.83%
$113.99
Act: +3.61%
wec-202601050000783325false00007833252026-01-052026-01-05
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
January 5, 2026
Commission File NumberRegistrant; State of Incorporation; Address; and Telephone NumberIRS Employer Identification No.
(A Wisconsin Corporation) 231 West Michigan Street P.O. Box 1331 Milwaukee, WI 53201 (414) 221-2345
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $.01 Par ValueWECNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
1
Based upon additional analysis of recent orders from the Illinois Commerce Commission (“ICC”), disallowance recommendations by interveners relating to unresolved Qualifying Infrastructure Plant (“QIP”) and Uncollectible Expense Adjustment (“UEA”) expense reconciliation dockets, testimony, data requests and other information, our 2025 results are expected to reflect the impact of a $150 million charge related to an increase in reserves.
As a result of the charge, WEC Energy Group, Inc.’s (“WEC”) earnings guidance on a GAAP basis for 2025 is $4.83 to $4.93 per share. Consistent with prior guidance, excluding the impact of the $0.34 per share charge, WEC’s earnings guidance on an adjusted basis (non-GAAP) for 2025 remains at $5.17 to $5.27 per share, with an expectation of reaching the upper end of the range.
WEC has provided earnings per share guidance for 2025 on an adjusted basis as a complement to, and not as an alternative to, earnings per share guidance presented in accordance with GAAP. The reserve increase is not indicative of WEC’s ongoing operating performance. Therefore, WEC believes that the presentation of 2025 earnings guidance on an adjusted basis is relevant and useful to investors to understand its operating performance. Management uses such measures to evaluate WEC’s performance and manage its operations. WEC plans to provide 2025 results during its year-end earnings call, which is currently scheduled for February 5, 2026.
Representatives of WEC will be participating in upcoming meetings with investors. Attached as Exhibit 99.1 are the presentation slides to be used at such meetings.
On January 5, 2026, The Peoples Gas Light and Coke Company and North Shore Gas Company, utility subsidiaries of WEC, filed requests with the ICC to establish new rates starting in 2027. Information regarding the rate case filings has been included on slide 9 of the presentation slides attached as Exhibit 99.1 to this Current Report on Form 8-K. The information on slide 9 of Exhibit 99.1 is incorporated by reference herein.
(d) Exhibits
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
Certain statements contained in this Current Report on Form 8-K are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based upon management’s current expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those contemplated in the statements. Readers are cautioned not to place undue reliance on these statements. Forward-looking statements include, among other things, statements concerning management’s expectations and projections regarding earnings per share, future results, regulatory 2
decisions, customer impacts and natural gas supply and price forecasts. In some ca
This page provides WEC Energy Group Inc. (WEC) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on WEC's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.