FirstEnergy reports higher third-quarter earnings and expands growth plans
Filed with the SEC on · Summarized by InvestorsBot
FirstEnergy reported Oct. 27 third-quarter 2026 GAAP earnings of $557 million, or $0.96 per share, on $4.6 billion in revenue, while Core EPS rose to $0.98 from $0.83 a year earlier. The company reaffirmed 2026 Core EPS guidance of $2.62-$2.82 and its $36 billion 2026-2030 investment plan, and said contracted large-load demand nearly doubled to 7.9 gigawatts, supporting at least a 25% increase to its current $19 billion transmission plan; it also reserved Siemens turbines for the proposed West Virginia Maidsville plant, with delivery expected in 2030 and regulatory approval projected in the fourth quarter of 2026.