Jun 2026 (Q2 FY26) — Jul 29, 2026
FirstEnergy Corp. Q2 FY26 — Strong Data Center Demand and Regulatory Progress Drive Growth Opportunities
Read the full callFirstEnergy (FE) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
FirstEnergy earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,202 | +11.6% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 19.7 | −0.3 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 405 | +12.5% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
11 of 12 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Ohio 3-year rate plan filing | File Ohio 3-year rate plan early in Q2 2026 | Dec 2025 | In Ohio, our application for a 3-year rate plan was accepted. | Achieved |
| Consolidated return on equity target | 9.5% to 10% | Dec 2024 | our financial performance resulted in a consolidated return on equity of 9.5%, in line with our targeted returns. | On Track |
1 of FIRSTENERGY CORP's 23 targets was missed. See which ones, and which are quietly gone. The 2 above are the free sample; 21 more targets are in the full ledger.
Claimed
- Contracted an additional 2.1 GW of data center demand in Q2, bringing total contracted demand to 6.4 GW.
- Reaffirmed 2026 $6 billion capital investment plan and core earnings guidance range of $2.62 to $2.82 per share.
- Reaffirmed $36 billion 5-year capital investment plan and core earnings growth near the top end of 6% to 8% through 2030.
- Customer load increased approximately 2% on a weather-adjusted basis, with industrial load up over 4%.
- Improved reliability in New Jersey by 16% from '24 to '25 and by 38% year-to-date '25 over '26.
Qualified
- Core earnings for Q2 FY26 were $0.50 per share, down from $0.52 per share in Q2 FY25, though in line with plan.
Price
$45.25 −2.04% · −$0.94
Performance −3.7% 1Y
1Y: $46.97 on 17 Oct 2025 → $45.25. High $51.91 (9 Apr 2026), low $43.02 (28 Sept 2026).
- Previous close
- $46.19
- 52-week range
- $43.02 – $51.91
- One year
- −4.19%
Overview
- Symbol
- FE
- Sector
- Utilities
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
11 of 12 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Ohio 3-year rate plan filing | File Ohio 3-year rate plan early in Q2 2026 | Dec 2025 | In Ohio, our application for a 3-year rate plan was accepted. | Achieved |
| Consolidated return on equity target | 9.5% to 10% | Dec 2024 | our financial performance resulted in a consolidated return on equity of 9.5%, in line with our targeted returns. | On Track |
Claimed
- Contracted an additional 2.1 GW of data center demand in Q2, bringing total contracted demand to 6.4 GW.
- Reaffirmed 2026 $6 billion capital investment plan and core earnings guidance range of $2.62 to $2.82 per share.
- Reaffirmed $36 billion 5-year capital investment plan and core earnings growth near the top end of 6% to 8% through 2030.
- Customer load increased approximately 2% on a weather-adjusted basis, with industrial load up over 4%.
- Improved reliability in New Jersey by 16% from '24 to '25 and by 38% year-to-date '25 over '26.
Qualified
- Core earnings for Q2 FY26 were $0.50 per share, down from $0.52 per share in Q2 FY25, though in line with plan.
The full ledger
Open FIRSTENERGY CORP’s full ledger
A free account opens 5 company ledgers a month. All 23 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 29, 2026
FirstEnergy Corp. Q1 FY26 — core EPS +7.5% on formula-rate investment, West Virginia data-center pipeline scaling
Read the full callDec 2025 (Q4 FY25) — Feb 18, 2026
FirstEnergy Corp. Q4 FY25 — Strong Financials and $36 Billion Capital Plan Drive Long-Term Growth
Read the full callEvery analysed call
FirstEnergy earnings calls (FE)
Financials
What the filings say
Net profit, year on year: +13% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,280 | 3,729 | 3,176 | 3,765 | 3,380 | 4,148 | 3,797 | 4,202 |
| Expenses | 2,857 | 3,002 | 2,563 | 3,011 | 2,734 | 3,318 | 3,821 | 3,374 |
| Operating profit | 423 | 727 | 613 | 754 | 646 | 830 | -24 | 828 |
| Operating margin | 12.9% | 19.5% | 19.3% | 20.0% | 19.1% | 20.0% | −0.6% | 19.7% |
| Other income | -260 | -167 | -234 | -214 | -240 | -220 | 27 | -224 |
| Interest | 285 | 276 | 278 | 288 | 299 | 312 | 318 | 326 |
| Profit before tax | 163 | 560 | 379 | 540 | 406 | 610 | 3 | 604 |
| Tax rate | 39.9% | 16.8% | 21.9% | 23.3% | 21.7% | 12.8% | −133.3% | 22.9% |
| Net profit | 45 | 419 | 261 | 360 | 268 | 441 | -49 | 405 |
| EPS ($ per share) | 0.08 | 0.73 | — | 0.62 | 0.46 | 0.76 | — | 0.70 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | -4,879 | -3,967 | -2,888 | -1,605 | -1,199 | -97 | 43 | 35 |
| Total liabilities | 40,028 | 35,326 | 37,227 | 36,757 | 35,465 | 37,851 | 38,324 | 41,978 |
| Fixed assets | 29,911 | 31,650 | 33,294 | 34,744 | 36,285 | 38,412 | — | — |
| Total assets | 40,063 | 42,301 | 44,464 | 45,432 | 46,108 | 48,767 | 52,044 | 55,904 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,410 | 2,467 | 1,423 | 2,811 | 2,683 | 1,387 | 2,891 | 3,700 |
| Cash from investing | -3,018 | -2,873 | -2,908 | -2,559 | -3,076 | -3,652 | -4,350 | -5,065 |
| Cash from financing | 1,394 | 656 | 2,607 | -542 | -912 | 2,238 | 1,434 | 1,310 |
| Net cash flow | -214 | 250 | 1,122 | -290 | -1,305 | -27 | -25 | -55 |
| Capital expenditure | -2,675 | -2,665 | -2,657 | -2,487 | -2,848 | -3,356 | -4,030 | -4,705 |
| Free cash flow | -1,265 | -198 | -1,234 | 324 | -165 | -1,969 | -1,139 | -1,005 |
FE revenue by segment
Integrated grew from 39% to 40% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Regulated Distribution | 48% | — | 51% | 49% | 48% | — | 47% | 46% | +2.5% |
| Integrated | 39% | 36% | 35% | 37% | 40% | 37% | 36% | 38% | +10.3% |
| St and Alone Transmission | 13% | 13% | 13% | 13% | 12% | 12% | 12% | 15% | +19.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
FE operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Jun 2025 Q2 FY25 | Change vs prior quarter |
|---|---|---|---|
| Customers | 6MTogether, these efforts are making a positive impact for our 6 million customers, energizing and engaging our employees and supporting our sustainable long-term growth objectives.Source: earnings call transcript | 6MOur leadership team is charged with energizing our culture, delivering improved service to the 6 million customers who depend on us and creating significant value for our investors.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
40 filings between Nov 30, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$1.99M
4 sales by 3 insiders
Compensation
not trading decisions- 12
- Award — granted as compensation
- 6
- Option exercise — converted options into shares
- 10
- Tax withheld — shares kept back by the company to cover tax
Also filed: 8 dispositions to the issuer.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| K. Jon Taylor | — | $1.37M | Mar 10, 2026 |
| ONEIL JAMES F | — | $402.0K | Mar 11, 2026 |
| Lisowski Jason | — | $222.3K | Mar 6, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | SOMERHALDER JOHN W II Director | Award | 986 | $42.5K |
| Jul 1, 2026 | SOMERHALDER JOHN W II Director | Award | 898 | $42.5K |
| Jun 1, 2026 | TIERNEY BRIAN X Chairman, President and CEO | Tax withheld | 16,991 | $779.9K |
| Apr 1, 2026 | SOMERHALDER JOHN W II Director | Award | 837 | $42.5K |
| Mar 11, 2026 | ONEIL JAMES F Director | Sale | 7,945 | $402.0K |
| Mar 10, 2026 | K. Jon Taylor SVP, CFO and Strategy | Sale | 26,800 | $1.37M |
| Mar 6, 2026 | Lisowski Jason VP, Controller & CAO | Sale | 1,373 | $69.8K |
| Mar 6, 2026 | Lisowski Jason VP, Controller & CAO | Sale | 3,000 | $152.5K |
| Mar 2, 2026 | Lisowski Jason VP, Controller & CAO | Option exercise | 7,402 | — |
| Mar 1, 2026 | Smith Allan Wade President, FE Utilities | Option exercise | 34,213 | — |
| Mar 1, 2026 | Smith Allan Wade President, FE Utilities | Tax withheld | 10,194 | $519.6K |
| Mar 1, 2026 | Smith Allan Wade President, FE Utilities | Disposition to issuer | 11,358 | $578.9K |
| Mar 1, 2026 | K. Jon Taylor SVP, CFO and Strategy | Award | 23,210 | $0 |
| Mar 1, 2026 | K. Jon Taylor SVP, CFO and Strategy | Option exercise | 66,928 | — |
| Mar 1, 2026 | K. Jon Taylor SVP, CFO and Strategy | Tax withheld | 11,480 | $585.1K |
| Mar 1, 2026 | K. Jon Taylor SVP, CFO and Strategy | Tax withheld | 5,711 | $291.1K |
| Mar 1, 2026 | K. Jon Taylor SVP, CFO and Strategy | Disposition to issuer | 22,241 | $1.13M |
| Mar 1, 2026 | K. Jon Taylor SVP, CFO and Strategy | Disposition to issuer | 22,344 | $1.14M |
| Mar 1, 2026 | TIERNEY BRIAN X Chairman, President and CEO | Award | 80,342 | $0 |
| Mar 1, 2026 | TIERNEY BRIAN X Chairman, President and CEO | Option exercise | 229,581 | — |
| Mar 1, 2026 | TIERNEY BRIAN X Chairman, President and CEO | Tax withheld | 68,362 | $3.48M |
| Mar 1, 2026 | TIERNEY BRIAN X Chairman, President and CEO | Disposition to issuer | 76,303 | $3.89M |
| Mar 1, 2026 | Thomas Toby L. Chief Operating Officer | Award | 11,681 | $0 |
| Mar 1, 2026 | Thomas Toby L. Chief Operating Officer | Option exercise | 24,156 | — |
| Mar 1, 2026 | Thomas Toby L. Chief Operating Officer | Tax withheld | 1,540 | $78.5K |
| Mar 1, 2026 | Thomas Toby L. Chief Operating Officer | Disposition to issuer | 13,658 | $696.1K |
| Mar 1, 2026 | Thomas Toby L. Chief Operating Officer | Disposition to issuer | 8,089 | $412.3K |
| Mar 1, 2026 | Lisowski Jason VP, Controller & CAO | Award | 3,034 | $0 |
| Mar 1, 2026 | Lisowski Jason VP, Controller & CAO | Tax withheld | 2,183 | $111.3K |
| Mar 1, 2026 | Lisowski Jason VP, Controller & CAO | Disposition to issuer | 2,438 | $124.3K |
| Mar 1, 2026 | Park Hyun SVP & CLO | Award | 13,941 | $0 |
| Mar 1, 2026 | Park Hyun SVP & CLO | Option exercise | 38,656 | — |
| Mar 1, 2026 | Park Hyun SVP & CLO | Tax withheld | 11,494 | $585.8K |
| Mar 1, 2026 | Park Hyun SVP & CLO | Disposition to issuer | 12,885 | $656.8K |
| Mar 1, 2026 | Smith Allan Wade President, FE Utilities | Award | 15,321 | $0 |
| Jan 2, 2026 | SOMERHALDER JOHN W II Director | Award | 944 | $42.5K |
| Jan 2, 2026 | Turner Leslie M Director | Award | 944 | $42.5K |
| Jan 2, 2026 | ONEIL JAMES F Director | Award | 944 | $42.5K |
| Dec 18, 2025 | Smith Allan Wade President, FE Utilities | Tax withheld | 14,300 | $638.3K |
| Nov 30, 2025 | Thomas Toby L. Chief Operating Officer | Tax withheld | 886 | $42.0K |
| Oct 1, 2025 | ONEIL JAMES F Director | Award | 925 | $42.5K |
| Oct 1, 2025 | SOMERHALDER JOHN W II Director | Award | 925 | $42.5K |
| Oct 1, 2025 | Turner Leslie M Director | Award | 925 | $42.5K |
| Jul 1, 2025 | ONEIL JAMES F Director | Award | 1,055 | $42.5K |
| Jul 1, 2025 | SOMERHALDER JOHN W II Director | Award | 1,055 | $42.5K |
| Jul 1, 2025 | Turner Leslie M Director | Award | 1,055 | $42.5K |
| Jun 1, 2025 | TIERNEY BRIAN X Board Chair, President and CEO | Tax withheld | 16,625 | $694.1K |
| May 22, 2025 | Lisowski Jason VP, Controller & CAO | Sale | 12,000 | $503.7K |
| May 7, 2025 | K. Jon Taylor SVP, CFO and Strategy | Sale | 12,000 | $516.4K |
| Apr 1, 2025 | Turner Leslie M Director | Award | 1,056 | $42.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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