FirstEnergy Q2 Revenue Tops Estimates, Reaffirms 2026 Outlook
FE sits 19% above its 52-week low of $41.3.
Summary
FirstEnergy reported Q2 revenue of $3.70 billion, beating the $3.53 billion consensus, while Core EPS of $0.50 matched expectations. The company reaffirmed its 2026 Core EPS guidance of $2.62-$2.82 and long-term growth targets, consistent with the June 1 reaffirmation. Notably, data center demand in its service territory surged 30% since Q1, with West Virginia demand up 137%, signaling expanding infrastructure opportunities. The results reflect execution of its regulated investment strategy, though distribution earnings dipped on higher maintenance costs. This follows the 8-K filed today and the June rate plan filing in Ohio, reinforcing the company's steady operational trajectory.
At the time of this announcement, FE was trading at $49.06 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $28.7B. The 52-week trading range was $41.30 to $52.34. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.