FirstEnergy posts Q3 2026 earnings beat and reaffirms 2026 core earnings guidance
FirstEnergy Corp. reported third‑quarter 2026 GAAP earnings of $0.96 per share and non‑GAAP Core Earnings of $0.98 per share, surpassing analyst expectations. Revenue rose to $4.6 billion, up from $4.1 billion a year earlier. The company reaffirmed its 2026 Core Earnings guidance of $2.62‑$2.82 per share and highlighted a $36 billion five‑year capital investment plan, including the Maidsville Energy Center project and expanding transmission capacity.
Why it matters
The earnings beat and revenue beat signal stronger than expected performance, but the reaffirmed guidance of $2.62‑$2.82 per share is below the consensus estimate of $2.73, which may limit upside for investors. The reaffirmed $36 billion capital plan underscores continued growth investment, affecting long‑term valuation.
Key facts
- 1GAAP earnings per share for Q3 2026 were $0.96. prnewswire.com
- 2Core (non‑GAAP) earnings per share for Q3 2026 were $0.98. prnewswire.com
- 3Revenue for the quarter was $4.6 billion. prnewswire.com
- 4GAAP earnings totaled $557 million. prnewswire.com
- 5Year‑to‑date GAAP earnings per share were $2.16, a 9% increase versus 2025. prnewswire.com
- 6Year‑to‑date Core earnings per share were $2.20, a 9% increase versus 2025. prnewswire.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.