FirstEnergy Corp. Reports Q3 2026 Results and Reaffirms Full-Year Guidance

Summary of Filing

On October 27, 2026, FirstEnergy Corp. (NYSE: FE) submitted a Current Report on Form 8-K under Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD Disclosure) to report its financial results for the three and nine months ended September 30, 2026.

Financial Highlights

• Third Quarter 2026 Results:

  • GAAP Net Income: $557 million, or $0.96 per basic and diluted share, compared to $441 million ($0.76 per share) in Q3 2025.
  • Revenue: $4.6 billion, compared to $4.1 billion in Q3 2025.
  • Core Earnings (Non-GAAP): $0.98 per share, compared to $0.83 per share in Q3 2025.

• Nine Months Ended September 30, 2026 Results:

  • GAAP Net Income: $1,250 million ($2.16 per share), compared to $1,069 million ($1.85 per share) in the prior-year period.
  • Revenue: $12.4 billion, compared to $11.3 billion for 9M 2025.
  • Core Earnings (Non-GAAP): $2.20 per share, up 9% from $2.02 per share in 9M 2025.

Outlook & Strategic Highlights

• 2026 Full-Year Guidance: Reaffirmed Core EPS range of $2.62 to $2.82, with expectations at or slightly above the midpoint.
• Long-Term Growth: Reaffirmed projected Core EPS CAGR near the top of the 6% to 8% range through 2030, supported by the five-year, $36 billion Energize365 capital investment plan ($4.9 billion deployed through 9M 2026).
• Transmission & Demand: Noted 7.9 GW of contracted large-load customer demand, with another ~4 GW under negotiation, expected to support at least a 25% increase in transmission capital expenditures when rolling the plan forward to 2027–2031.