FirstEnergy Corp beats Q2 revenue estimates, reaffirms 2026 outlook

The company said results reflected continued execution of its regulated investment strategy and cost management.

It also cited:

• a 30% increase in contracted and pipeline data center demand since Q1
• 137% demand growth in West Virginia
• higher maintenance expenses weighing on Distribution Core Earnings
• Stand-Alone Transmission Core Earnings rising on capital investments and an 11% increase in transmission rate base

FirstEnergy Corp beat Wall Street estimates for second-quarter revenue as its U.S. electric utility business posted higher sales.

• Q2 revenue rose to $3.70 billion, above the $3.53 billion consensus estimate from six analysts.
• Q2 Core EPS was $0.50, in line with company plan and down from $0.52 a year earlier.
• Q2 net income was $288 million.