FirstEnergy Corp. reported its third quarter 2026 financial results on October 27, 2026, disclosing GAAP earnings of $0.96 per share and Core Earnings (non-GAAP) of $0.98 per share, while reaffirming its full-year 2026 guidance range.

Key Highlights

  • Q3 2026 GAAP earnings: $557 million, or $0.96 per basic and diluted share, on revenue of $4.6 billion, compared with $441 million, or $0.76 per share, on revenue of $4.1 billion in Q3 2025.
  • Q3 2026 Core EPS (non-GAAP): $0.98 per share, up from $0.83 per share in Q3 2025.
  • Year-to-date Core EPS: $2.20 per share through September 30, 2026, a 9% increase from $2.02 per share in the same period of 2025.
  • 2026 guidance reaffirmed: Full-year Core Earnings guidance range of $2.62 to $2.82 per share, with results expected at or slightly above the midpoint.
  • Capital investment plan: A five-year, $36 billion Energize365 capital investment plan through 2030, with $4.9 billion deployed in the first nine months of 2026.
  • Contracted large-load demand: 7.9 gigawatts of contracted demand from large-load customers across the service territory, described as nearly double since the beginning of the year.
  • West Virginia generation: Turbines secured through a reservation agreement with Siemens for the proposed Maidsville Energy Center, with delivery expected in 2030.

FirstEnergy Q3 2026 Earnings: Revenue, Core EPS, and Investment Progress

According to the filing, FirstEnergy Corp. (NYSE:FE) reported third quarter 2026 GAAP earnings of $557 million, or $0.96 per basic and diluted share, on revenue of $4.6 billion. This compares with GAAP earnings of $441 million, or $0.76 per basic and diluted share, on revenue of $4.1 billion in the third quarter of 2025. Core Earnings (non-GAAP) for the third quarter of 2026 were $0.98 per share, versus $0.83 per share in the prior-year period. The company disclosed that results reflect "continued implementation of FirstEnergy's investment strategy, financial discipline and improved operations across the company's service territory."

For the first nine months of 2026, the filing reported GAAP earnings of $1.3 billion, or $2.16 per basic and diluted share, on revenue of $12.4 billion, compared with $1.1 billion, or $1.85 per basic and diluted share, on revenue of $11.3 billion for the same period of 2025. Year-to-date Core Earnings were $2.20 per share, a 9% increase from $2.02 per share. Special items in the Q3 2026 reconciliation included investigation and other related costs of $0.03 per share, reorganization costs of $0.01 per share, and net pension/OPEB credits of $(0.02) per share, resulting in total special items of $0.02 per share for the quarter.

The company reaffirmed its long-term Core Earnings compound annual growth rate near the top end of the 6% to 8% range through 2030. The filing also noted that contracted demand from large-load customers reached 7.9 gigawatts, with approximately 4 gigawatts of additional load in active negotiations. FirstEnergy stated that these demands are expected to drive at least a 25% increase in its current $19 billion 2026-2030 transmission investment plan when it rolls forward to 2027-2031. The company is also pursuing approval from the West Virginia Public Service Commission for the Maidsville Energy Center, a combined cycle gas generating facility, with a final order projected in the fourth quarter of 2026.

What Was Disclosed

FirstEnergy disclosed Q3 2026 GAAP EPS of $0.96 and Core EPS of $0.98, reaffirmed its 2026 full-year guidance range of $2.62 to $2.82 per share, and provided updates on its $36 billion Energize365 capital plan, transmission investment outlook, and West Virginia generation expansion.