earnings
confidence high
sentiment positive
materiality 0.70
FirstEnergy Q2 2026 EPS $0.50, revenue $3.7B, reaffirms 2026 guidance
FIRSTENERGY CORP
- GAAP EPS $0.50 ($288M) vs $0.46 YoY; Core EPS $0.50 vs $0.52 YoY; revenue $3.7B up from $3.4B.
- Reaffirmed 2026 Core EPS guidance $2.62-$2.82 and long-term CAGR near top end of 6%-8% through 2030.
- Data center contracted demand grew 30% since Q1 to 6.4 GW; West Virginia demand up 137% to 4.3 GW.
- Capital plan: $36B over 5 years (Energize365), $6B in 2026; $2.9B deployed in H1 2026.
- Segment: Distribution Core EPS down $0.06, Integrated flat, Stand-Alone Transmission up $0.04 on 11% rate base growth.