WEC Energy Group, Inc. (WEC) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

based on management's expectations at the time they are made. In addition to the assumptions and other factors referred to in conjunction with the statements, factors described in WEC Energy Group's latest Form 10-K and subsequent reports filed with the Securities and Exchange Commission could cause actual results to differ materially from those contemplated. During the discussions, Referenced earnings per share will be based on diluted earnings per share, unless otherwise noted. And it is now my pleasure to introduce Scott Lauber, President and Chief Executive Officer of WEC Energy Group. Good afternoon, everyone, and thank you for joining us today as we review our results for the second quarter of 2025. Here with me are Shaw Liu, our Chief Financial Officer, And Beth Straka, Senior Vice President of Corporate Communications and Investor Relations. As you saw from our news release this morning, we reported earnings of 76 cents a share for the second quarter of 2025. We remain on track to deliver another year of strong results in line with our 2025 earnings guidance of $5.17 to $5.27 a share. This, of course, assumes normal weather for the remainder of the year. We continue to target a 6.5% to 7% long-term compound annual earnings growth rate supported by a robust capital plan and strong economic growth in our region. In Wisconsin, the unemployment rate stands at 3.2%, continuing a long-running trend below the national average. And as we've discussed, we're continuing to see strong and significant economic development in our region, especially along the I-94 corridor between Milwaukee and Chicago. Just last month, Yaskawa, one of the world's largest manufacturers of industrial products and robotics, announced it's moving from the company's US headquarters to Wisconsi...