WECWEC Energy Group

Utilities · Electric & Gas Utilities · NYSE

For more information about our business operations, including financial and geographic information, see Note 22, Segment Information, and Item 7. 10-K, Item 1

Headquarters: Milwaukee, WI
Next results: around Jan 4, 2027

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RevenueFY2016–25 $9.8B+14.0% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.6B+2.0% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 22.9%−2.1 pts 22.7% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 20, 2026 against Feb 21, 2025

Area	What changed	Source
Risk factors	10 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	9 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	7 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 20, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-21. Quoted as filed.

Our operations are subject to extensive and evolving federal, state, and local environmental laws, regulations, and permit requirements related to, among other things, air emissions (including, but not limited to CO2, methane, mercury, SO2, NOx, ozone and other pollutants), protection of natural resources, water quality, wastewater…
10-K, Item 1A

All 10 new paragraphs →

Accounting checks

latest 10-K

9 of 9 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +23.6% vs revenue +14.0% (+9.6 pts)
✓
Cash from operations $3.4B vs net income $1.6B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: DELOITTE & TOUCHE LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 6, 20268-K Regulation FD disclosure, Other events 8-K items 7.01, 8.01
Nov 4, 2026Offering At-the-market program: up to $4.0B of common stock 424B5 · aggregate offering price of up to $4,000,000,000, from time to time through the sales agents named below under an equity distribution agreement.
Nov 4, 20268-K Other events 8-K item 8.01
Nov 4, 20268-K Other events 8-K item 8.01
Oct 30, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

2 more →

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Work on WEC in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/WEC/export.csv") into a cell.