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FirstEnergy FE Q2 2026 earnings

Reported July 28, 2026 · After market close

Revenue$3.7BBeat by $166.3M
EPS$0.50Miss by $0.00
Revenue estimate$3.5B
EPS estimate$0.50
Our results reinforce confidence in our ability to achieve our 2026 commitments and continue creating long-term value through targeted investments and constructive regulatory momentum.
Brian X. Tierney

Next report

Oct 21, 2026 (in 2 months)
Revenue estimate$4.3B
EPS estimate$0.94

Financials

Q2 2026

Income statement

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Revenue$3.7B+8.8%
Operating income$677.0M+4.8%
Net income$288.0M+7.5%
EPS (diluted)$0.50+8.7%

Balance sheet

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Cash & equivalents$63.0M-88.9%
Total debt$28.5B+17.9%
Total equity$12.9B+0.7%
Total assets$58.2B+7.4%

Cash flow

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Operating cash flow$989.0M-8.6%
CapEx$1.3B+10.4%
Free cash flow-$356.0M-162%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$27.04B+7.0%
Enterprise value$55.45B+13.5%
P/E23.8×+4.5×
P/S1.7×-0.1×

Profitability

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Operating margin14.8%-4.7pp
Net margin7.2%-2.1pp
FCF margin-12.4%+42.5pp

Returns & leverage

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Return on equity8.8%-1.5pp
Debt / equity2.2×+0.3×
Current ratio0.5×-0.1×

Segments

By product

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Transmission$240.0M+116%
Other revenue from contracts with customers$20.0M-16.7%
Wholesale$4.0M0.0%
Alternative Revenue Program-
Eliminations and reconciling adjustments-$18.0M-12.5%

By segment

See full
Distribution Segment$1.7B+2.5%
Integrated$1.4B
Integrated Segment$1.4B+10.3%

FAQ

When did FirstEnergy report Q2 2026 earnings?
FirstEnergy (FE) reported Q2 2026 earnings on July 28, 2026 after market close.
What were FirstEnergy's Q2 2026 revenue and EPS?
FirstEnergy reported revenue of $3.7B and eps of $0.50 for Q2 2026.
Did FirstEnergy beat estimates in Q2 2026?
Revenue beat the consensus estimate of $3.5B by $166.3M. EPS missed the consensus estimate of $0.50 by $0.00.
How did FirstEnergy's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.8% from $3.4B a year earlier and eps declined 3.8% from $0.52.
Where can I find FirstEnergy's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001031296-26-000122) and the 10-Q periodic report (0001031296-26-000123) directly on SEC EDGAR. The filing index links above go to sec.gov.