Earnings Releases·Oct 27, 2026, 4:31 PM ET

FirstEnergy Corp. — Third Quarter 2026 Earnings Summary

Q3 2026 GAAP earnings rose to $0.96 per share ($557 million) on $4.6 billion revenue, up from $0.76 per share ($441 million) and $4.1 billion revenue in Q3 2025; year-to-date GAAP earnings reached $2.16 per share ($1.3 billion) on $12.4 billion revenue, compared to $1.85 per share ($1.1 billion) in 2025.
Core earnings per share increased to $0.98 in Q3 2026 from $0.83 in the prior year period, with year-to-date Core earnings at $2.20 per share, a 9% increase over the first nine months of 2025.
Management reaffirmed 2026 Core earnings guidance of $2.62 to $2.82 per share, targeting performance at or slightly above the midpoint, while maintaining a 6% to 8% Core earnings CAGR through 2030.
The $36 billion Energize365 capital plan is underway with $4.9 billion deployed year-to-date, and the transmission investment plan for 2026–2030 is projected to increase by at least 25% for the 2027–2031 cycle due to contracted demand reaching 7.9 gigawatts, nearly double the year's start.
Strategic progress includes securing Siemens turbines for the Maidsville Energy Center with 2030 delivery and pursuing regulatory approval in West Virginia, positioning the company to capture new generation opportunities amid growing electricity demand.