FirstEnergy Corp. · FE · Next earnings

FirstEnergy Corp. reports Wednesday, Oct 21, 2026

FE reports after market close with consensus EPS at $0.94 and revenue at $4.32B. Last quarter: FirstEnergy Posts 7.5% Core Earnings Growth, Reaffirms 2026 Guidance on Data Center Demand

Reports After market close31 days awayDate estimated Utilities

What the street expects

Consensus for the coming report
Consensus EPS $0.94 Calendar consensus
Consensus revenue $4.32B Calendar consensus
Report date Oct 21, 2026 Wednesday, date estimated
Session After market close 31 days away

Where FE left off: FY2026 Q1

Full report

FirstEnergy Posts 7.5% Core Earnings Growth, Reaffirms 2026 Guidance on Data Center Demand

EPS surprise +0.6% Reported $0.72 vs $0.72
Revenue surprise +10.5% Reported $4.20B vs $3.80B
Stock move -1.3% Event window
Subsequent drift -5.6% Up to 20 sessions

Maintained. FirstEnergy reaffirmed its 2026 core earnings guidance of $2.62 to $2.82 per share. The 6 to 8% compounded annual growth rate target through 2030 and the $36 billion capital plan were both reiterated. No guidance raise was issued despite the revenue beat.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Regulatory approval risk for the 1.2-GW West Virginia gas plant and upcoming rate cases across multiple states.
  • Affordability pressure and political scrutiny in Pennsylvania and New Jersey could constrain rate case outcomes.
  • Supplier-side pricing risk for turbines and other equipment in a seller's market.
  • Uncertainty around PJM's backstop procurement auction and capacity market reform outcomes.
  • Execution risk on the $36 billion capital plan, including labor and material availability.

Questions analysts left open

  • Timing of capital spend and turbine delivery for the West Virginia generation project.
  • Impact of affordability initiatives on future rate case outcomes, especially in Pennsylvania.
  • Financing mix for new investments and the role of AFUDC and equity funding.
  • Potential effects of PJM capacity market reforms on earnings growth.

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Recent FE quarters

All FE earnings
-1.3%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.