FirstEnergy stock posts stronger Q3 profit and reaffirms outlook

FirstEnergy reported stronger third-quarter results on October 27, 2026, with GAAP earnings of USD 557 million, or USD 0.96 per diluted share, compared with USD 441 million, or USD 0.76 per share, a year earlier. Revenue rose to USD 4.6 billion from USD 4.1 billion, according to the Financial Times.

Guidance remains intact

Core Earnings, FirstEnergy's non-GAAP measure, increased to USD 0.98 per share from USD 0.83 in the prior-year quarter. The company said the measure excludes special items, including investigation-related and reorganization costs, as well as pension and other post-employment benefit credits.

Management reaffirmed its 2026 Core Earnings guidance range of USD 2.62 to USD 2.82 per share and expects results at or slightly above the midpoint. It also maintained a long-term Core Earnings compound annual growth target near the top end of the 6% to 8% range through 2030.

Capital plan targets rising demand

FirstEnergy said its five-year Energize365 program totals USD 36 billion and that USD 4.9 billion had been deployed during the first nine months of 2026. The company is also preparing to increase its current USD 19 billion transmission investment plan by at least 25% when the plan rolls forward to 2027 through 2031.

Large-load customers represented 7.9 gigawatts of contracted demand, nearly double the level at the beginning of the year, while approximately 4 gigawatts were in active negotiations. In West Virginia, FirstEnergy is pursuing regulatory approval for the proposed Maidsville Energy Center and has reserved Siemens turbines for expected delivery in 2030.

FirstEnergy stock at Lang and Schwarz

FirstEnergy stock traded at 42.03 euros on Lang and Schwarz at 23:00 CET on Wednesday, November 4, 2026. Investors can follow the real-time quote of FirstEnergy stock for the latest market indication.

Business model and market position

FirstEnergy is an American utility company based in Akron, Ohio, providing electricity generation, transmission and distribution through regulated distribution and regulated transmission operations. Its distribution companies serve more than 6 million customers across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. Its transmission subsidiaries operate more than 24,000 miles of transmission lines across the Midwest and Mid-Atlantic regions.

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