FirstEnergy Corp. (FE) Earnings Call Transcripts

FirstEnergy Corp.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, FirstEnergy Corp. reported GAAP earnings of $0.50 per share, matching expectations but slightly down from $0.52 a year ago. Revenue growth was driven by a 19% increase in capital investments, totaling $2.9 billion year-to-date, as part of their reaffirmed $6 billion capital investment plan for 2026. Management maintained its core earnings guidance of $2.62 to $2.82 per share for the fiscal year, signaling confidence in future growth driven by robust demand from data centers and ongoing regulatory progress.

Reported metrics

Guidance from management

FirstEnergy reaffirmed its 2026 core earnings guidance range of $2.62 to $2.82 per share and its $6 billion capital investment plan for the year, indicating confidence in achieving these targets.

What management said

In the near term, we have some capacity. So if someone wants to add, say, a gigawatt of capacity we have the opportunity for people early in the queue to add maybe 100 or 200 megawatts in the near term and then the opportunity to build into remaining 900 or 800 [ megawatts ] that we have. So there is existing capacity for people who are in that queue and we've contracted with. And then in the later years, we have the...

Yes. Thanks for that, Nick. I think we could probably go around a large portion of the CPCN type filing. So if we created a Genco, that would obviously require, I think, FERC approval to sell at wholesale. But then the contract between the Genco and Mon Power, for instance, would need to be approved by the West Virginia Public Service Commission. But I think that process would be considerably faster than the traditio...

What analysts pressed on

Analysts raised concerns about the regulatory environment in New Jersey, questioning the potential impact of increased scrutiny on capital spending. There were also inquiries regarding the timing and cadence of future generation builds in response to data center demand.

Main topics on the call

• Data Center Demand Surge — FirstEnergy reported a 30% increase in forecasted data center demand, now totaling approximately 25 gigawatts. Management stated, "During the second quarter alone, we contracted an additional 2.1 gigawatts, bringing our ...
• Regulatory Progress in West Virginia — Management expressed optimism regarding the approval of the 1.2 gigawatt Maidsville Energy Center, stating, "I think our witnesses laid out very well the need for the plant." The expected revenue increase from new rates ...
• Capital Investment Strategy — FirstEnergy reaffirmed its $36 billion 5-year capital investment plan, with a focus on customer-centric projects. Management noted, "Our capital investment program remains a significant driver of our financial performanc...
• Earnings Guidance Maintenance — The company maintained its core earnings guidance of $2.62 to $2.82 per share for 2026, indicating stability in financial expectations. This guidance reflects management's confidence in executing their strategic initiati...

Read the full FirstEnergy Corp. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 FirstEnergy Corp. earnings call transcripts on record, spanning February 7, 2020 to July 29, 2026. Based on this history, FirstEnergy Corp. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FE

Exchange

NYSE

Country

US

Sector

Utilities

Industry

Electric Utilities

Calls on record

28

First call

February 7, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly