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MARKETS / BALCAO / WELPM
About this ticker

WELPM is a preferred stock of Wisconsin Electric Power Co. — not its common stock. The figures on this page, including shares outstanding, describe Wisconsin Electric Power Co. as a whole. WELPM is not the only one: Wisconsin Electric Power Co. also has other preferred series with no page of their own — WELPP — that land on this page too. Each is its own series, with its own rate and terms; this page describes Wisconsin Electric Power Co.’s filings, not the terms of any one series.

BALCAO · ELECTRIC SERVICES · SMALL CAP

Wisconsin Electric Power Co. WELPM

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.5B
▲ 12.9% YoY
$626.8M
▲ 22.1% YoY
$-1.6B
In brief

What this company does

Wisconsin Electric Power Company generates and distributes electric energy to customers in southeastern Wisconsin, including the metropolitan Milwaukee area, east central Wisconsin, and northern Wisconsin. It also has a steam utility that generates, distributes, and sells steam supplied by the VAPP to customers in metropolitan Milwaukee, Wisconsin. It is authorized to provide retail natural gas distribution service in designated territories in Wisconsin, and it operates in three distinct service areas: west and south of the City of Milwaukee, the Appleton area, and areas within Iron and Vilas Counties, Wisconsin. As of December 31, 2025, it had 2,565 employees, including 1,963 represented under union agreements. It owns or leases 5,462 MWs of generation capacity, including wholly owned and jointly owned facilities. The company conducts its business primarily through its utility reportable segment. Wisconsin Electric Power Company is a subsidiary of WEC Energy Group and was incorporated in the state of Wisconsin in 1896.

Written from the business description in WISCONSIN ELECTRIC POWER CO's annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth
USD 4.5B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.5 · Net income 0.6
2B4B200920112013201520172019202120232025
Compound annual growth
+3.4%
+5.9%
+1.5%
+16.5%
+11.4%
+10.2%
+13.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.9% a year over five years — but profit grew faster: net income at +11.4%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
Operating margin Net margin
FY2025 · Operating 26.1% · Net
10%20%200920112013201520172019202120232025
ROE
FY2025 · ROE 10.2%
5%10%200920112013201520172019202120232025

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -1.6
0.2B-0.8B-1.6B200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2016 · Dividends 455.0 · Net buybacks —
200M400M20092010201120122013201420152016

Total assetsUSD 19.7B
EquityUSD 6.8B
CashUSD 0.00
Gross debtUSD 4.5B
Net debtUSD 4.5B
Current ratio0.76×

Net debt stands at 67% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B4.54.04.04.13.73.43.53.63.73.83.94.13.83.63.7··
Operating income $B1.21.11.00.90.90.90.80.40.60.60.60.70.60.60.50.50.5
EBITDA $B1.81.61.51.41.31.31.10.81.01.01.00.90.80.80.70.70.7
Income tax $B0.10.10.10.10.10.0−0.1−0.10.20.20.20.20.20.20.20.20.2
Net income $B0.60.50.50.40.40.40.40.40.30.40.40.40.40.40.30.30.3
Free cash flow $B−1.6−0.2−0.2−0.3−0.00.10.30.40.10.40.20.30.30.2−0.2−0.2−0.3
EPS, diluted $·················
Dividend / sh $·················
Payout %·········124641039449715762
ROE %10.29.710.49.810.010.010.210.49.710.310.711.010.611.210.910.710.3
Shares out B0.030.030.030.030.030.030.030.030.030.030.030.030.030.030.030.03·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 49 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 33 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectric Services
Listed onOTC market
Incorporated inWisconsin
Fiscal year endsDecember 31
Data on record since2009

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