FirstEnergy (FE) Reports Q1 Results, Reaffirms 2026 Guidance

FirstEnergy Corp. (NYSE:FE) is included among the 10 Best Electrical Infrastructure Stocks to Buy According to Hedge Funds.

FirstEnergy Corp. (NYSE:FE)’s electric distribution companies form one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. The company’s transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions.

FirstEnergy Corp. (NYSE:FE) reported its Q1 2026 results on April 28, with the company growing its core earnings by 7.5% YoY to $0.72 per share, in line with market expectations. Revenue for the quarter also grew by 11.6% YoY to $4.2 billion, beating estimates by over $362 million. The utility posted a profit of $405 million, up 12.5% compared to the same period last year, due to the higher electricity rates ​and growing demand from power-hungry data centers.

FirstEnergy Corp. (NYSE:FE) reaffirmed its core earnings guidance range of $2.62 ‌to $2.82 ⁠per share for FY 2026, helped by its $6 billion capital investment plan for the year, focusing on grid modernization, distribution upgrades, and transmission reliability. Moreover, the company revealed that its broader CapEx plan of $36 billion for ​2026 to ⁠2030 is expected to generate about 10% ​compounded annual rate‑base growth.

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