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FEBullishEarningsnews
High materiality7/10

FirstEnergy Reaffirms 2026 Core EPS Outlook Amid Data Center Demand Growth

Jul 28, 2026, 4:56 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Guidance reaffirmation and large capex program support earnings visibility; rising data-center demand; potential multiple expansion for FE in 6–12 months.

AI summary

What happened, with direct paths to the underlying reporting

FirstEnergy reported Q2 2026 GAAP earnings of $288 million ($0.50 per share) and Core EPS of $0.50, with YTD GAAP of $1.20 and Core at $1.22. It reiterated 2026 Core EPS guidance of $2.62-$2.82 and a long-term 6-8% CAGR to 2030, backed by Energize365 ($36B over five years) and a $6 billion 2026 capex plan. Data-center demand rose 30% and West Virginia demand jumped 137%.

  • Q2 2026 GAAP EPS $0.50; Core EPS $0.50, inline with plan.
  • YTD 2026 GAAP EPS $1.20; Core EPS $1.22.
  • Reaffirms 2026 Core EPS guidance $2.62-$2.82; CAGR 6-8% 2026-2030.
  • Data center demand up 30% since Q1; contracted demand 6.4 GW.
  • West Virginia demand up 137% to 4.3 GW; H1 capex deployed $2.9B.

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