FirstEnergy reported second quarter 2026 revenue of $3.7 billion and Core EPS of $0.50, beating analyst estimates. The company reaffirmed its full-year 2026 earnings guidance and its long-term growth targets, supported by accelerating demand from data centers.
Key Highlights
- Highlighted a 30% increase in its total data center demand pipeline since the first quarter, with contracted demand rising 50% to 6.4 GW.
- Reaffirmed its full-year 2026 Core EPS guidance of $2.62 to $2.82 and its long-term 6% to 8% compound annual growth target through 2030.
- Total transmission rate base grew 14% year-over-year, driven by ongoing capital investments in grid modernization.