Quarterly ResultApr 28, 2026, 04:28 PM
FE Q1 GAAP EPS $0.70, Core EPS $0.72; Reaffirms 2026 Guidance
AI Summary
FirstEnergy Corp. announced strong financial results for the first quarter of 2026, reporting GAAP earnings of $0.70 per share and Core Earnings of $0.72 per share, an increase of 7.5% year-over-year. The company invested nearly $1.4 billion in customer-focused capital, consistent with its $6 billion planned investments for 2026. FirstEnergy reaffirmed its 2026 Core Earnings guidance of $2.62 to $2.82 per share and its long-term Core EPS compounded annual growth near the top end of 6-8% through 2030, supported by its $36 billion Energize365 capital plan.
Key Highlights
- FE Q1 2026 GAAP EPS was $0.70, up from $0.62 in Q1 2025.
- FE Q1 2026 Core Earnings (non-GAAP) were $0.72 per share, a 7.5% increase YoY.
- Revenue for Q1 2026 reached $4.2 billion, up from $3.8 billion in Q1 2025.
- Invested nearly $1.4 billion in customer-focused capital in Q1 2026, a 33% increase YoY.
- Reaffirmed 2026 Core Earnings guidance range of $2.62 to $2.82 per share.
- Reaffirmed Core Earnings compound annual growth near the top end of 6-8% through 2030.
- Distribution segment Q1 2026 Core Earnings increased $0.03 per share.
- Integrated segment Q1 2026 Core Earnings increased $0.01 per share.