FirstEnergy Corp
FE
ISIN null / Valor 788881
FirstEnergy Corp
UMushroom community rating:
About company
FirstEnergy Corp operates one of the largest investor-owned electric distribution systems in the United States, serving over six million customers across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. The company manages approximately 269,000 miles of distribution lines to ensure reliable electricity delivery and operates around 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions through its transmission subsidiaries and two regional operation centers. Additionally, FirstEnergy controls about 3,599 megawatts of generation capacity from regulated scrubbed coal, solar, and hydro facilities in West Virginia and Virginia. The company has implemented major transmission investment initiatives, including the ten-year Energizing the Future program and the ongoing Energize365 initiative, aimed at modernizing and enhancing the reliability and performance of its grid infrastructure.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (29.08.2026):
FirstEnergy Corp. reported results for the first quarter of 2026 (Q1 2026): GAAP earnings of $405 million, or $0.70 per share, on revenue of $4.2 billion, and Core Earnings (non-GAAP) of $0.72 per share (up 7.5% year-over-year). The company deployed nearly $1.4 billion in customer-focused capital in Q1 and reaffirmed its 2026 Core Earnings guidance and longer-term capital plan under the Energize365 program.
Quarterly earnings and revenue
Q1 2026 GAAP EPS: $0.70 (vs. $0.62 in Q1 2025); Core EPS: $0.72 (vs. $0.67 in Q1 2025). Revenue for the quarter was $4.2 billion (up from $3.8 billion a year earlier).
Capital investment and Energize365
FirstEnergy invested nearly $1.4 billion in customer-focused capital in Q1 2026 (a 33% increase vs. Q1 2025), consistent with a $6 billion 2026 plan. The company reaffirmed its $36 billion Energize365 plan for 2026–2030, which targets ~10% compounded annual rate-base growth through 2030.
Guidance and growth outlook
FirstEnergy reaffirmed 2026 Core Earnings guidance of $2.62 to $2.82 per share and reiterated long-term Core EPS compounded annual growth near the top end of its 6–8% target for 2026–2030.
Segment performance
Distribution Core Earnings rose ~$0.03 per share (driven by higher rates and lower operating expenses). Integrated increased ~$0.01 per share (19% transmission rate-base growth and stronger customer demand, partially offset by storm restoration and higher financing costs). Stand-Alone Transmission rose ~$0.02 per share (11% rate-base growth). Corporate/Other declined slightly due to higher interest expense.
Key financial metrics
Consolidated trailing-12-month return on equity was 9.8%. The company noted higher financing costs related to funding its investment program, which weighed on some segment results.
Special items and non-GAAP reconciliation
Total special items adjusted to reconcile GAAP EPS to Core EPS were $0.02 per share in Q1 2026 (components included net pension/OPEB credits and investigation-related costs); Core EPS excludes these items. FirstEnergy noted it does not provide a quantitative GAAP reconciliation for forward-looking Core EPS guidance because predicting special items is impractical.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
27063 M
Market cap (USD)
3,992,220
Daily traded volume (Shares)
39.725 / 39.3
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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