First Energy reported third-quarter core earnings of $0.98 per share, reaffirmed 2026 core EPS guidance of $2.62 to $2.82 per share, and expects its $19 billion transmission investment plan to increase by at least 25%.
FE · Firstenergy Corp
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FirstEnergy reported third-quarter earnings attributable to FE of $557 million, up $116 million, and diluted EPS of $0.96, up $0.20. For the first nine months, earnings reached $1,250 million, up $181 million, and diluted EPS was $2.16, up $0.31.
FirstEnergy Corp. reported third quarter 2026 GAAP earnings of $557 million, or $0.96 per share, and Core Earnings of $0.98 per share, compared with $0.83 per share in third quarter 2025.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Oct 28, 2026TL;DR. Third-quarter Core EPS rose to $0.98 from $0.83, nine-month Core EPS increased 9% to $2.20, and FirstEnergy reaffirmed 2026 guidance of $2.62-$2.82 at or slightly above midpoint while maintaining long-term Core EPS growth near the top end of 6%-8% through 2030. Demand, capital deployment, regulatory progress, and Maidsville contracting support a larger growth opportunity, but Maidsville remains subject to approval and contracting gates, incremental investments may require equity-like financing, and FERC rejected PJM’s core IRAS proposal.
- − The potential additional three gigawatts of West Virginia generation would require additional financing.
- − Incremental investments may require up to 35% equity or equity-like financing.
- − FERC rejected PJM’s core IRAS proposal and its associated “bring your own new capacity” framework.
- − The Maryland base rate case remains pending, with hearings scheduled for January 2027 and an expected outcome in April 2027.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Electric Distribution MWh Deliveries (Commercial) | 2.02M | the three months ended June 30, 2026 filing | — |
| Electric Distribution MWh Deliveries (Industrial) | 421K | the three months ended June 30, 2026 filing | — |
| Electric Distribution MWh Deliveries (Residential) | 2.27M | the three months ended June 30, 2026 filing | — |
| Total Electric Distribution MWh Deliveries | 4.71M | the three months ended June 30, 2026 filing | — |
| Weather-Adjusted Electric Distribution MWh Deliveries (Residential) non-GAAP | 2.08M | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Utilities - Regulated Electric — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FE
this stock
Firstenergy Corp
|
$27.19B | +5.0% | +12.0% | 22.6 | 5.3% |
|
NEE
Nextera Energy Inc
|
$177.50B | +6.0% | -7.1% | 15.3 | 2.9% |
|
SO
Southern Co
|
$105.50B | +7.3% | +10.6% | 21.4 | 2.7% |
|
DUK
Duke Energy CORP
|
$100.69B | +10.2% | +35.1% | 18.9 | 2.3% |
|
NGG
National Grid PLC
|
$84.74B | +9.0% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 28, 2026
- This year
- 16
FirstEnergy reported third-quarter earnings attributable to FE of $557 million, up $116 million, and diluted EPS of $0.96, up $0.20. For the first nine months, earnings reached $1,250 million, up $181 million, and diluted EPS was $2.16, up $0.31.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FE | +1.2% | +1.8% | +0.8% | +0.2% | +5.0% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -1.4% | +2.9% | +0.3% | +0.4% | -5.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.