FirstEnergy Q2 2026: revenue up 8.2%, core EPS dips, guidance held
FirstEnergy's second quarter was solid on the top line and soft on the bottom line, leaving the read Neutral. Revenue rose 8.2% to $3.68 billion and GAAP earnings improved, but Core EPS of $0.50 was below last year's $0.52 and about $0.02 under consensus. Guidance was reaffirmed rather than raised, so growth now leans on a heavy second half.
1 · Expected vs. Actual
Free preview belowGAAP earnings of $288 million, or $0.50 a share, were up from $268 million and $0.46 a year ago. Core EPS, which strips out special items, was $0.50 against $0.52 a year ago and came in roughly $0.02 below the $0.5202 consensus estimate. The gap matters more than the headline GAAP gain because core earnings are what management guides on.
Revenue rose 8.2% to $3.68 billion from $3.40 billion a year earlier, with regulated electricity contributing $2.79 billion and transmission $0.69 billion. The growth is the cleanest part of this report because it reflects rate base and customer demand rather than one-off items. It also beats a first quarter of 2026 that produced $4.20 billion, so the trend line is not one weak print.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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