FirstEnergy backs FY26 adjusted EPS view $2.62-$2.82, consensus $2.73

This outlook is supported by the company’s Energize365 capital investment plan of $6B in 2026 for distribution infrastructure renewal, grid modernization and significant reliability and resiliency enhancements to the high-voltage transmission system. FirstEnergy’s (FE) $36B Energize365 program for 2026 through 2030 represents an increase of nearly 30% compared to its previous five-year investment plan and results in approximately 10% compounded annual rate base growth through 2030. Based on this plan, the company is reaffirming its long-term core EPS compounded annual growth near the top end of 6%-8% from 2026 to 2030.