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Core Viewpoint - NASA is accelerating its lunar nuclear reactor construction plan, aiming to develop a 100-kilowatt fission reactor system for launch by 2030, which is seen as crucial for the Artemis lunar program and a strategic asset in the new space race [1][2]. Group 1: Lunar Nuclear Reactor Development - NASA plans to initiate industry bidding for a 100-kilowatt lunar nuclear fission reactor system, with a target launch by 2030 [1]. - The nuclear reactor is intended to provide a stable energy supply for a lunar base, which is essential for long-term exploration and operations on the Moon and Mars [2][4]. - The reactor's design is expected to utilize uranium fuel and include a multi-layer shielding system to protect astronauts from radiation [4]. Group 2: Challenges and Concerns - Experts express skepticism about the feasibility of deploying a nuclear reactor on the Moon by 2030, citing significant technical and logistical challenges [6]. - Key challenges include ensuring the reactor can operate under extreme lunar conditions, such as temperature fluctuations and low gravity, as well as navigating lengthy approval processes [6]. - The development of materials that can withstand high temperatures and the safe transport of nuclear materials to space are also highlighted as critical hurdles [6]. Group 3: Strategic Implications - The push for a lunar nuclear reactor is partly driven by concerns over the U.S. losing its leadership in space exploration, especially with increasing collaboration between China and Russia on lunar projects [2][3]. - The first country to establish a nuclear reactor on the Moon could potentially claim exclusive rights to certain areas, impacting U.S. interests in lunar exploration [3].

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ___________________ Commission File Number Registrant; State of Incorporation; Address; and Telephone Number IRS Employer Identification No. ...

Key Takeaways WEC posted Q2 EPS of 76 cents, beating estimates by 7% and rising 13.4% from last year's 67 cents.Revenues climbed 13.4% to $2.01B on higher electricity volumes and stronger commercial demand.Operating income rose 11% to $404.9M, while expenses and interest costs also saw double-digit gains.WEC Energy Group (WEC) reported second-quarter 2025 earnings of 76 cents per share, which surpassed the Zacks Consensus Estimate of 71 cents by 7%. The bottom line also increased 13.4% from the year-ago qua ...

Financial Data and Key Metrics Changes - The company reported earnings of $0.76 per share for Q2 2025, reflecting a $0.09 increase compared to 2024 [15] - The earnings guidance for 2025 remains between $5.17 to $5.27 per share, assuming normal weather conditions for the remainder of the year [3][20] - The company expects an 8% to 10% growth in O&M expenses for the full year compared to 2024 [16] Business Line Data and Key Metrics Changes - Utility operations earnings increased by $0.16 compared to 2024, with weather positively impacting earnings by approximately $0.04 [15][16] - Retail electric deliveries grew by 1.1%, led by a 1.9% increase in the large commercial and industrial segment [18] - Earnings from the Energy Infrastructure segment decreased by $0.03 due to storm damage losses [19] Market Data and Key Metrics Changes - Wisconsin's unemployment rate stands at 3.2%, below the national average, indicating strong economic development in the region [4] - The company forecasts a demand growth of 1.8 gigawatts to serve the I-94 corridor, with significant projects underway [5][6] Company Strategy and Development Direction - The company is pursuing a robust capital plan totaling $28 billion over five years, focusing on low-risk and highly executable projects [7] - The company plans to extend the operating lives of coal units at the Oak Creek plant through 2026 to meet energy demand [10] - The Very Large Customer tariff is under review, designed to meet the needs of large load customers while protecting other customers [12] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about continued growth in the region and the company's future, citing strong economic development and job creation [22] - The company is actively working with large customers to meet their demand needs, particularly in light of the tight capacity in the system [29] Other Important Information - The company is working on safe harboring renewable projects to qualify for tax credits under current treasury guidance [8][63] - The company has no active rate cases currently, and the Very Large Customer tariff is expected to receive a commission decision by Q2 next year [11][12] Q&A Session Summary Question: Can you discuss the 3.5 gigawatts of demand and how you're thinking about procuring generation for that? - The company is actively working with large customers to meet demand needs and is exploring various options for generation planning [25][29] Question: How are you thinking about the capital update and growth rate? - The company is assessing growth patterns and will present updates in the third quarter call [31][32] Question: What is the status of the large load tariff docket? - The company has reached a settlement with large customers on the tariff, which is currently under review by the commission [34] Question: Can you provide more details on the storm damage recognized in Q2? - The company is working with insurance providers to recover losses from storm damage impacting Texas solar facilities [58] Question: How much of your plan is already safe harbor? - Approximately 40% to 50% of the plan is already safe harbored, with ongoing efforts to comply with new treasury requirements [63] Question: What influenced the decision to extend the operating lives of the Oak Creek coal units? - The decision was based on higher than expected summer demand and MISO prices, with no political pressure involved [67][68]

Financial Data and Key Metrics Changes - The company reported earnings of $0.76 per share for Q2 2025, reflecting a $0.09 increase compared to Q2 2024 [15] - The earnings guidance for 2025 remains between $5.17 to $5.27 per share, assuming normal weather conditions for the remainder of the year [3][20] - The company expects a long-term compound annual earnings growth rate of 6.5% to 7% [4][20] Business Line Data and Key Metrics Changes - Utility operations earnings increased by $0.16 compared to Q2 2024, with weather positively impacting earnings by approximately $0.04 [15][16] - Retail electric deliveries grew by 1.1%, led by a 1.9% increase in the large commercial and industrial segment [17] - Earnings from the Energy Infrastructure segment decreased by $0.03 due to storm damage losses [18] Market Data and Key Metrics Changes - The unemployment rate in Wisconsin stands at 3.2%, below the national average, indicating strong economic conditions [4] - The company anticipates a demand growth forecast of 1.8 gigawatts to serve the I-94 corridor [5] - The Wall Street Journal reported Milwaukee ranked second among U.S. metro areas for college graduates landing jobs, highlighting a skilled labor market [6] Company Strategy and Development Direction - The company is executing a five-year capital investment plan totaling $28 billion, the largest in its history, aimed at supporting economic growth and reliability [7] - The company is actively working on renewable projects and has received approvals for natural gas generation and storage projects [9][10] - The Very Large Customer tariff is under review, designed to meet the needs of large load customers while protecting other customers [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the economic development in the region, particularly with significant investments from companies like Yaskawa and Microsoft [4][5] - The company is closely monitoring the regulatory environment and expects a decision on the Very Large Customer tariff by Q2 next year [12] - Management remains optimistic about continued growth in the region and the company's future [21] Other Important Information - The company plans to extend the operating lives of coal units at the Oak Creek plant through 2026 to meet energy demand [10][68] - The company is working on safe harboring renewable projects to qualify for tax credits under new treasury guidance [8][64] - The annualized dividend stands at $3.57 per share, with a target payout ratio of 65% to 70% of earnings [21] Q&A Session Summary Question: Can you discuss the demand from Vantage and how the company plans to procure generation for that? - The company is actively working with Vantage to meet their demand needs, aiming for about 1.3 gigawatts by 2027, while exploring various options for capacity [24][28] Question: How does the company view the capital growth rate and potential adjustments? - Management is optimistic about economic development and will review growth patterns in the upcoming capital plan update [30][32] Question: What is the status of the large load tariff proceeding? - The company has reached a settlement with large customers on the tariff, which is currently under review by the commission [33][34] Question: Can you provide updates on the Microsoft data center site? - The company is confident in the ongoing development at the Microsoft site and anticipates future opportunities as construction progresses [75][84] Question: What is the plan for the Point Beach PPA and Port Washington Unit one? - Discussions are ongoing regarding the Point Beach PPA, with productive talks expected to yield updates by the end of the year [47][48]

WEC Energy shares have added about 15.5% since the beginning of the year versus the S&P 500's gain of 8.3%. WEC Energy Group (WEC) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +7.04%. A quarter ago, it was expected that this electricity and natural gas provider would post earnings ...

Exhibit 99.1 For the first six months of 2025, the company recorded net income of $969.6 million, or $3.02 per share – up from $833.6 million, or $2.64 per share, in the corresponding period a year ago. From: Brendan Conway (media) 414-221-4444 brendan.conway@wecenergygroup.com Beth Straka (investment community) 414-221-4639 beth.straka@wecenergygroup.com July 30, 2025 WEC Energy Group reports second-quarter results MILWAUKEE – WEC Energy Group (NYSE: WEC) today reported net income of $245.4 million, or 76 ...

Core Viewpoint - WEC Energy Group is expected to report quarterly earnings of $0.71 per share, a 6% increase year-over-year, with revenues projected at $1.86 billion, reflecting a 4.9% year-over-year growth [1]. Earnings Projections - There has been a downward revision of 1.1% in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their initial forecasts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts project 'Operating Revenues- Regulated Utility Operations-Wisconsin' to reach $1.42 billion, marking a 4.1% increase from the previous year [5]. - 'Operating Revenues- Regulated Utility Operations-Illinois' is estimated at $274.60 million, indicating a 0.8% decrease year-over-year [5]. - 'Operating Revenues- Total Utility Operations' is expected to be $1.78 billion, reflecting a 3.6% increase from the year-ago quarter [6]. - 'Operating Revenues- Non-Utility Energy Infrastructure' is forecasted to reach $189.33 million, showing a 7.8% increase year-over-year [6]. - 'Operating Revenues- Regulated Utility Operations- Other States' is estimated at $79.12 million, indicating an 11.4% year-over-year increase [7]. Stock Performance - Over the past month, WEC Energy shares have returned +6.2%, outperforming the Zacks S&P 500 composite's +4.9% change [7].

Core Points - WEC Energy Group Inc. will release its 2025 second-quarter earnings before the stock market opens on July 30, 2025 [1] - A conference call for investors and analysts is scheduled for the same day at 1 p.m. Central time [1] - Detailed financial information will be available on the company's website by 6:30 a.m. Central time on July 30 [1] Company Overview - WEC Energy Group is based in Milwaukee and serves 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota [2] - 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 [3] - WEC Infrastructure LLC owns a fleet of renewable generation facilities in various states, including South Dakota and Texas [3] Financial Information - WEC Energy Group is a Fortune 500 company and a component of the S&P 500 [4] - The company has approximately 33,000 stockholders of record and 7,000 employees [4] - WEC Energy Group has more than $48 billion in assets [4]