$FE

FirstEnergy’s (NYSE: FE) Jersey Central Power & Light (JCP&L) filed a New Jersey rate proposal with the Board of Public Utilities. It seeks a $253 million base distribution rate increase effective May 6, 2027, but would delay residential impacts until January 2028 via offsets. It also requests $476 million recovery of deferred storm costs starting January 2028 over 10 years. If approved, typical residential bills rise about 8.8%, or $14.23 monthly.

Bank of America’s mid-quarter review of U.S. power and utilities for Q2 2026 says 12 of 14 covered companies beat earnings estimates. It cites rate relief, customer and load growth, and construction-related earnings. Annual guidance was mostly reaffirmed, with AEP, IDA, and XEL raising ranges. Data-center demand drove contracted load and pipeline growth.

Strategic Execution and Market Positioning Management attributes solid performance to a fundamental shift in operational discipline and financial execution, moving closer to customers and communities to drive reliability. Total forecasted data center demand surged 30% since Q1 to approximately 25 gigawatts, representing roughly 70% of the company's July system peak load.

FirstEnergy reported Q2 net income of $288M, or 50 cents/share, above Zacks’ 49 cents estimate, with revenue of $3.68B versus $3.56B expected. It guided FY earnings to $2.62-$2.82/share. Procter & Gamble posted fiscal Q4 profit $1.26/share (adj. $1.43) on $21.2B revenue, and guided FY $6.89-$7.11. Sherwin-Williams Q2 profit $3.43/share (adj. $3.70) on $6.79B revenue, guided FY $11.80-$12.20. F.N.B. declared a $0.13 quarterly dividend.

FirstEnergy (NYSE:FE) reported Q2 weather-adjusted customer load rose about 2%, while industrial load grew more than 4%, led by metals, oil and gas, and chemicals. The company said its data-center demand pipeline rose 30% to about 25 GW, with 6.4 GW contracted and 1.5 GW expected to enter contracts. It seeks approval for a 1.2 GW Moundsville Energy Center and discussed rate cases in West Virginia and Ohio.

Simply Wall St reports FirstEnergy (NYSE:FE) shares fell about 1% as investors weigh dividend coverage concerns amid data center growth. Q2 2026 revenue rose to $3,678m and net income to $288m, with basic EPS about $0.50. Trailing 12-month net income fell to $1,085m. Contracted data center demand reached 6.4 GW; capex guidance was reaffirmed at $36b.

FirstEnergy’s The Illuminating Co. installed the first of two new power transformers at the Lakewood Substation as part of a reliability upgrade for about 11,000 customers in Lakewood and West Cleveland. Each transformer investment is about $1.85 million. The utility expects reduced outage durations and faster restoration. Outage time in Dec 2025 fell 98% vs Dec 2024.

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 defended its request to build a gas-fired power plant next to the Fort Martin coal plant in Monongalia County, WV, saying a 30-year levelized cost analysis shows it is the cheapest option. The company cites rising demand, including data centers, and proposes a PSC-approved surcharge later reimbursed by contracted large customers.

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.