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Bullish on FE near-term (1–3 quarters) as reaffirmed guidance and data-center demand momentum support higher earnings.
What happened and why it matters
FirstEnergy posted Q2 2026 GAAP earnings of $288 million ($0.50 per share) with 2026 Core EPS of $0.50 for the quarter and $1.22 in the first half. The company reaffirmed its 2026 Core EPS guidance of $2.62-$2.82 and continues to target a 6%-8% CAGR through 2030, supported by a $36 billion Energize365 capex plan and accelerating data-center demand.
Reaffirmed earnings guidance reduces near-term downside risk; sustained capex and rising data-center demand improve visibility into mid-term earnings; historical precedent shows utilities rally when guidance is reaffirmed and large capex plans are in place, assuming regulatory momentum remains favorable.
FE Q2 2026 GAAP EPS $0.50; GAAP net $288M; revenue $3.7B.
Core EPS for Q2 2026 is $0.50; H1 Core EPS $1.22.
Data-center demand up 30% since Q1; contracted demand 6.4 GW.
Reaffirms 2026 Core EPS guidance of $2.62-$2.82; Energize365 capex $36B.
Capex in 2026 of $6B; $2.9B deployed in H1 2026; 6-8% long-term CAGR.
Category: Earnings. The release centers on quarterly results, non-GAAP measures, and explicit guidance, underscored by a major capital program (Energize365) and demand trends (data centers), which align FE with a regulated-investment growth thesis.
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