FirstEnergy Corp (NYSE:FE)

Q2 2026 FirstEnergy Corp Earnings Call Transcript

Jul 29, 2026 / 01:00 PM GMT

Release Date Price: $49.13 (-1.05%)

Transcript 10-Q8-K

Key Points

Positve

FirstEnergy Corp (FE) reaffirmed its 2026 $6 billion capital investment plan and core earnings guidance range of $2.62 to $2.82 per share.
The company reported a 19% increase in capital deployment through the first half of 2026 compared to 2025.
FirstEnergy Corp (FE) is experiencing significant demand from data centers, with contracted demand increasing to 6.4 gigawatts.
The company is making progress on regulatory strategies, including a three-year rate plan in Ohio and a base rate case in New Jersey.
FirstEnergy Corp (FE) is well-positioned for growth with a 16% compound annual growth rate in its transmission business through 2030.

Negative

Core earnings for Q2 2026 were $0.50 per share, slightly down from $0.52 in the same quarter of 2025.
Operating expenses were planned to be slightly higher compared to the same period last year, impacting financial performance.
There is regulatory uncertainty in New Jersey, with potential changes to cost of capital and performance-based rate making.
The company faces opposition from coal interests in West Virginia regarding the Maysville Energy Center project.
FirstEnergy Corp (FE) may need to adjust its capital deployment plans if regulatory environments and investment opportunities evolve unfavorably.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FE.N - FirstEnergy Corp
Q2 2026 FirstEnergy Corp Earnings Call
Jul 29, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, and welcome to FirstEnergy Corp's second quarter earnings call.

As a reminder, this conference is being recorded.

It is now my pleasure to turn the call over to Karen Saget, Vice President of Investor Relations.

Thank you. Please go ahead.

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Unidentified_2 [2]
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Thank you. Good morning, everyone, and welcome to FirstEnergy's second quarter 2026 earnings review. Our earnings release, presentation, and related financial information are available on our website at firstenergycorp.com/ir.

Today's discussion will include the

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