FirstEnergy (FE)
NYSE:FE
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.58Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive operational and financial picture: core earnings grew 7.5% year-over-year, guidance and capital plan were reaffirmed, investments and transmission rate base are accelerating, credit metrics improved (Moody's positive outlook) and the data center pipeline and WV generation opportunity are notable growth catalysts. Offsetting risks include strong political and regulatory focus on affordability, uncertainty in PJM capacity reforms and backstop proposals, supply-side pressures on major equipment pricing, and continued large capital needs that require careful financing. Management emphasizes engagement with stakeholders, cost reductions (O&M down materially since 2022) and disciplined financing to mitigate these challenges.Company Guidance
Quarterly Earnings Beat
GAAP EPS of $0.70 vs $0.62 year-ago; core earnings $0.72/share, up 7.5% from $0.67 in Q1 2025.
Reaffirmed Guidance and Long-Term Growth
2026 core earnings guidance reaffirmed at $2.62–$2.82/share (midpoint $2.72); long-term core earnings CAGR reiterated at 6%–8% through 2030 with aim near the top end.
Accelerating Capital Investments
$6.0 billion 2026 capital plan reaffirmed; $1.4 billion of customer-focused investments in Q1 (+33% vs Q1 2025), with ~75% of capital under formula rates.
Transmission and Rate Base Growth
Transmission rate base increased 13% in the quarter (integrated businesses +19%; stand-alone transmission +11%); upon WV project approval, company expects rate base growth to move from just over 10% to just over 11%.
Material O&M Reductions and Efficiency Gains
Since 2022 base O&M reduced by >$200 million (≈15%); base O&M down close to 5% year-over-year in the quarter driven by automation, analytics and organizational changes (sustainable cost-management program).
Credit and Financing Strength
Moody's raised senior unsecured outlook to positive; completed $850M PA debt offering (avg coupon 4.4%) >5x oversubscribed; additional subsidiary issuances of $250M (MAIT) and $175M (ATSI). Full-year financing plan includes $1.7B subsidiary debt and modest common equity.
Significant Competitive Transmission Wins
Company awarded >$5 billion in competitive regional transmission projects over the last 4 years and expects further opportunities from PJM's open window process.
Growing Data Center Pipeline and Generation Opportunity
West Virginia: ~1.8 GW of highly credible data center projects in pipeline (50% increase since February) and prospective customers representing >6 GW of load; ~4 GW of total pipeline in final contract negotiations expected to convert within the quarter (nearly doubling contracted demand).
West Virginia Generation Project Advancement
1.2 GW combined-cycle natural gas facility CPCN filed; schedule targets equipment deliveries to support online in 2031; filed project cost estimate ~ $2.5 billion and expects regulatory approval in H2 2026 with potential AFUDC/cash recovery and ~35% equity funding of the investment.
Operational Reliability Improvements
Measured improvements: Pennsylvania customer average interruption duration down 27 minutes since 2024; New Jersey outage duration improved ~16% year-over-year (≈49 minutes per customer improvement), supporting the case for investments.
FE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $49.58 | $48.94 | -1.29% |
Feb 17, 2026 | $49.35 | $48.94 | -0.83% |
Oct 22, 2025 | $46.39 | $45.63 | -1.63% |
Jul 30, 2025 | $40.57 | $41.47 | +2.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does FirstEnergy (FE) report earnings?
FirstEnergy (FE) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is FirstEnergy (FE) earnings time?
FirstEnergy (FE) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FE EPS forecast?
FE EPS forecast for the fiscal quarter 2026 (Q2) is 0.58.