FIRSTENERGY CORP (FE) Form 8-K — Oct 27, 2026
FirstEnergy reported strong Q3 2026 results with GAAP earnings of $557 million ($0.96/share) on revenue of $4.6 billion, up from $441 million ($0.76/share) on $4.1 billion a year ago. Core (non-GAAP) EPS rose 18% to $0.98 from $0.83, and YTD Core EPS of $2.20 is up 9% versus 2025. The company reaffirmed 2026 Core EPS guidance of $2.62-$2.82, expecting results at or slightly above the midpoint, and reiterated Core EPS CAGR near the top end of 6-8% through 2030 on its $36 billion Energize365 capital plan.
Key figures
- Eps
- 0.96
- Revenue
- 4557000000
- Guidance
- 2026 Core EPS guidance reaffirmed at $2.62-$2.82, expects results at or slightly above midpoint; Core EPS CAGR near top end of 6-8% through 2030
- Net Income
- 557000000
- Revenue Yoy
- Q3 revenue $4.6B vs $4.1B in 3Q25; YTD $12.4B vs $11.3B
- Shares Outstanding
- 579M average shares in 3Q26
- Rate base cagr
- 10.4%
- Ttm earned roe
- 9.5%
- Pipeline demand
- 19 GW total; ~4 GW in active negotiations
- Q3 2025 core eps
- 0.83
- Q3 2026 core eps
- 0.98
- Ytd 2025 core eps
- 2.02
- Ytd 2026 core eps
- 2.2
- Ytd 2026 gaap eps
- 2.16
- Wv pipeline demand
- ~6 GW (up ~6x since beginning of year)
- Planned equity content
- up to $2B equity/equity-like; plan to fund up to 35% of incremental investments with equity
- Capital investment plan
- $36 billion five-year Energize365 plan
- Ytd 2026 capex deployed
- $4.9 billion
- Transmission plan 2026 2030
- $19 billion, expected to increase at least 25% in 2027-2031 roll-forward
- Contracted large load demand
- 7.9 GW (nearly doubled since beginning of year)
- Subsidiary debt financing 2026
- $2.6B completed at average interest rate of 4.7%
- Total shareholder return opportunity
- ~12%
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