FirstEnergy reports higher third-quarter earnings and reaffirms 2026 guidance

FirstEnergy reported Oct. 27 that third-quarter 2026 GAAP earnings rose to $557 million, or $0.96 per share, on $4.6 billion of revenue, while Core EPS increased to $0.98 from $0.83 a year earlier; nine-month Core EPS was $2.20, up 9%. The company reaffirmed 2026 Core EPS guidance of $2.62-$2.82 and expects results at or slightly above the midpoint, supported by $4.9 billion invested through September under its $36 billion five-year plan. FirstEnergy also said it secured turbines from Siemens for the proposed Maidsville, West Virginia, gas plant with delivery expected in 2030 and expects transmission investment to rise at least 25% from its current $19 billion 2026-2030 plan.