FirstEnergy Corp. earnings overview

FE FY2026 Q1 · Calendar Q2 2026

FirstEnergy Corp.

FirstEnergy delivered Q1 2026 results that reinforced its core investment thesis: regulated utility growth driven by accelerating infrastructure investment and surging data center demand. Core earnings rose 7.5% year over year, revenue beat consensus by 10.5%, and management reaffirmed full-year guidance of $2.62 to $2.82 per share. The $36 billion five-year capital plan gained momentum with $1.4 billion deployed in the quarter, while data center demand in West Virginia surged 50% to 1.8 GW with 4 GW of additional pipeline contracts nearing finalization. Despite these operational strengths, the stock traded modestly lower after the report and drifted approximately 5.6% lower in subsequent sessions, suggesting investors are weighing regulatory and financing risks against the long-term growth narrative.