Citable filing context
FE's research view summarizes recent SEC filing context, starting with earnings from Jul 28, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 28, 2026 | earnings | FirstEnergy reported second quarter 2026 GAAP earnings of $288 million, or $0.50 per share. |
| Jun 1, 2026 | guidance_update | FirstEnergy reaffirmed its 2026 Core EPS guidance of $2.62-$2.82 per share. |
| May 20, 2026 | material_agreement | FirstEnergy entered into a Fifth Amended and Restated LLC Agreement for FET to govern two new joint ventures. |
| Jul 28, 2026 | Guidance: core_earnings_cagr | 6.00 to 8.00 |
| Jul 28, 2026 | Guidance: core_earnings_per_share | 2.62 to 2.82 |
| Jun 1, 2026 | Guidance: core_eps | 2.62 to 2.82 |
| Jul 28, 2026 | mda_quarterly | FirstEnergy (FE) reported net income of $352 million for the second quarter of 2026, up from $318 million in the prior-year period, driven by growth in transmission and distribution services. The company is executing its $36 billion "Energize365" capital investment plan (2026–2030), which focuses on grid modernization, resiliency, and supporting data center load growth. Capital allocation is balanced across its Distribution (28%), Integrated (35%), and Stand-Alone Transmission (35%) segments. Key strategic developments include the formation of "Grid Growth," a 50/50 joint venture with Transource, which was awarded a $1 billion transmission project by PJM. Financially, FE maintains a strong liquidity position, supported by recent debt issuances and a positive outlook revision from Moody’s. The company continues to return value to shareholders, recently increasing its quarterly dividend by 4.5%. Regulatory risks remain a primary focus, particularly in Ohio, where the company is navigating a three-year rate plan application, and in West Virginia, where it seeks approval for a $2.7 billion investment in the Maidsville Energy Center and solar capacity. Additionally, FE is managing ongoing compliance with evolving environmental regulations, including EPA legacy coal combustion residual (CCR) rules and potential impacts from the Utility RELIEF Act in Maryland. |
| Apr 28, 2026 | mda_quarterly | FirstEnergy reported Q1 2026 earnings attributable to the corporation of $405 million, or $0.70 per share, up from $360 million in Q1 2025. Growth was driven by higher transmission revenues from rate base expansions, increased customer demand due to colder weather, and the absence of prior-year severance costs and customer credits. These gains were partially offset by rising interest expenses and costs related to ongoing government investigations and securities litigation. The company initiated the Energize365 investment plan, allocating $36 billion through 2030 to enhance grid resiliency and support increasing data center loads. Key regulatory activities include a proposed Three-Year Rate Plan in Ohio targeting $800 million in annual investments and a $2.7 billion request in West Virginia for a 1,200 MW combined cycle gas turbine plant and 70 MW of solar capacity. In New Jersey, JCP&L faces a potential $44 million reliability penalty and the termination of most awarded offshore wind transmission projects. Broader risks include supply chain lead times, geopolitical volatility affecting fuel costs, and PJM's evolving rules for large load interconnections and backstop reliability procurement. |
Source: SEC EDGAR filing text and events; period Jul 28, 2026; filed Jul 28, 2026.
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