FirstEnergy Corp. (FE) Earnings
FirstEnergy Corp. is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $0.55. FE has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +5.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.72 | $0.72 | +0.0% | $4.2B | +10.5% |
| Feb 17, 2026 | $0.52 | $0.53 | +1.9% | $3.8B | -5.5% |
| Oct 22, 2025 | $0.74 | $0.83 | +12.0% | $4.1B | +6.7% |
| Jul 30, 2025 | $0.49 | $0.52 | +6.9% | $3.4B | +1.3% |
| Apr 23, 2025 | $0.61 | $0.67 | +10.6% | $3.8B | +6.8% |
| Feb 26, 2025 | $0.71 | $0.67 | -5.5% | $3.2B | -6.7% |
| Apr 25, 2024 | $0.56 | $0.55 | -1.8% | $3.3B | +2.0% |
| Feb 8, 2024 | $0.60 | $0.62 | +3.3% | $3.1B | +0.4% |
| Oct 26, 2023 | $0.85 | $0.88 | +3.5% | $3.5B | -1.7% |
| Aug 1, 2023 | $0.45 | $0.47 | +4.4% | $3.0B | +4.0% |
| Apr 27, 2023 | $0.61 | $0.60 | -1.6% | $3.2B | +6.1% |
| Feb 13, 2023 | $0.53 | $0.50 | -5.7% | $3.2B | +35.6% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 29, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Brian mentioned first quarter core earnings 7.5% above last year, on track for 2026 earnings guidance range. • Team executed well despite storms, investing in electric system for reliability, resiliency, customer experience. • Completed key hires, including Chris Beam as president of West Virginia and Maryland, Dan Puskas as CIO. • Business units working with stakeholders on investment plans, focusing on infrastructure, generation, transmission. • Affordability a focus, rates 20% below in-state peers, discussing with officials/regulators. • Investment plans for transmission, generation in West Virginia, data center growth
Guidance
• Reaffirm 2026 capital investment plan of $6 billion and core earnings guidance range $2.62 - $2.82 per share. • Reaffirm long-term core earnings CAGR 6 - 8% through 2030, targeting top end
Segment performance
No specific detailed absolute financial performance and revenue contribution % for each product segment provided in detail in the transcript
Risks & headwinds
• Demand and supply imbalance in capacity market construct. • Uncertainties in PJM's reliability backdrop procurement auction details. • Potential impacts of equipment supplier pricing on affordability in West Virginia generation project. • Regulatory uncertainties in various states' rate cases and projects
Analyst Q&A
Q: Char Perez asked about West Virginia load, timing of spend, turbine queue;
A: Brian and John discussed turbine delivery in 2031, approval in second half of year, rate-based growth.
Q: Nick Campanella asked about West Virginia frameworks, funding mix;
A: Brian talked about replicating successful models, John mentioned up to 35% equity funding.
Q: Steve Fleischman asked about Pennsylvania rate case, West Virginia plant costing;
A: Brian discussed engagement with officials, confidence in $2.5 billion plant cost.
Q: Jeremy Toney asked about transmission PGM open window, affordability in New Jersey;
A: Brian talked about past transmission success, John mentioned transmission CapEx plan.
Q: Andrew Wiseau asked about O&M cost cuts;
A: Brian discussed sustainable cost savings from predictive decision-making.
Q: Ross Fowler asked about FERC, backstop procurement;
A: Brian talked about large loads paying fair share, regulators in Ohio agreeing with views.
Q: Anthony Cordell asked about regulators' view on capacity markets;
A: Brian said regulators in Ohio and deregulated states agree with not owning generation.
Q: Carly Davenport asked about New Jersey rate case, Maryland omnibus bill;
A: Brian said no surprise in New Jersey rate case, John said early to tell on Maryland omnibus bill