FIRSTENERGY CORP (FE): Results of Operations and Financial Condition

FirstEnergy (NYSE: FE) said demand from data center customers is accelerating across its service territory, especially in West Virginia, as it advances the proposed Maidsville Energy Center and evaluates additional generation, transmission and distribution investments. The company reported 2Q 2026 results broadly in line with expectations and reaffirmed 2026 Core Earnings guidance of $2.62 to $2.82 per share.

FirstEnergy (FE) reported Q2 2026 adjusted earnings of 50 cents per share, slightly above the Zacks estimate of 49 cents. Operating revenues rose to $3.68 billion, beating the $3.56 billion consensus. The company cited higher transmission rate base and demand pipeline growth, and reaffirmed 2026 core earnings guidance of $2.62 to $2.82 per share.

FirstEnergy Corp. (NYSE: FE) reported Q2 2026 GAAP earnings of $0.50 per share on $3.7B revenue, versus $0.46 on $3.4B in Q2 2025. Core earnings were $0.50 per share. It reaffirmed 2026 Core EPS guidance of $2.62 to $2.82 and a 2026-2030 CAGR near the top of 6% to 8%.

Ohio’s Public Utilities Commission rejected Akron-based FirstEnergy’s request for more time to respond to electric outage issues and to allow more outages per year. In its June 25 order, PUCO said other parties disputed FirstEnergy’s customer-perception claims and cited significant 2025 outages in Lakewood and Barberton, plus many public comments urging rejection.

West Virginia lawmakers questioned witnesses from the Public Service Commission, American Electric Power and FirstEnergy about how data-center-driven electricity demand could raise utility rates. The article says state action is limited and that FERC and utilities largely control rate design. It also cites FirstEnergy’s $2.47 billion rate-hike request tied to a 1,200 MW gas plant, with expected residential bill increases averaging ~2.3% annually over five years, amid reported equipment supply de

Ohio lawmakers will vote Wednesday on House Bill 646, the state’s first data center rules. The bill would cut the sales tax exemption for new projects to 50%, limit local abatements to 50%, require data centers over 250 MW to bring their own power, and set statewide water-use standards with annual reporting. Supporters cite reform; the Ohio Chamber of Commerce warns it could hurt competitiveness, while environmental groups say it lacks enforcement details.