# FirstEnergy Q3 2026 Earnings Call Highlights

> FirstEnergy reports strong Q3 2026 results with $4.6B revenue and $0.96 GAAP EPS, targeting $2.62-$2.82 core EPS for 2026.
- Title: FirstEnergy Q3 2026 Earnings Call Highlights · The Motley Fool
- Summary: FirstEnergy reports strong Q3 2026 results with $4.6B revenue and $0.96 GAAP EPS, targeting $2.62-$2.82 core EPS for 2026. FirstEnergy's Q3 2026 earnings…
- Keywords: firstenergy, q3 2026, earnings call, core eps, revenue, west virginia, data center demand, transmission investment, rate case, finance, money, 2026
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/28/firstenergy-fe-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-28T16:44:26+00:00
- Read time: 2 min
- Topics: firstenergy, fe, q3 2026, earnings call, core eps, revenue, west virginia, data center demand, transmission investment, rate case, finance, money
## Q3 2026 Financial Results
FirstEnergy reported GAAP EPS of $0.96 per share, up from $0.76 in Q3 2025.
## Core EPS Growth
Core EPS reached $0.98 per share, reflecting growth from rate programs and customer demand.
## Revenue Increase
Revenue grew to $4.6 billion, up from $4.1 billion in Q3 2025.
## YTD Core EPS
YTD Core EPS reached $2.20 per share, a 9% increase from $2.02 in Q1-Q3 2025.
## 2026 Core EPS Guidance
Management expects 2026 Core EPS to range from $2.62 to $2.82 per share.
## Capital Deployment
FirstEnergy deployed $4.9 billion through Sept. 30, 2026, a 23% year-over-year increase.
## Weather-Adjusted Load
Weather-adjusted load grew 1.2% in Q3 2026, supported by positive trends over four consecutive quarters.
## Industrial Load Growth
Industrial load grew 3.3% in Q3 2026, driven by strength in metals, oil and gas, and chemical sectors.
## Data Center Demand
Contracted data center demand reached 7.9 gigawatts across service territory, nearly twofold increase since 2025.
## West Virginia Pipeline Demand
West Virginia pipeline demand reached 6 gigawatts, a sixfold increase driven by data center interest.
## Transmission Investment Plan
Transmission investment plan targets $19 billion over five years, with potential 25% increase in updated plan.
## Pennsylvania Reliability
Pennsylvania reliability improved 11% since 2024, attributed to targeted distribution infrastructure investments.
## New Jersey Reliability
New Jersey reliability improved 40% since 2024, reflecting Energize365 investment strategy.
## New Jersey Rate Case
New Jersey rate case request filed for $253 million to reflect approximately $1 billion in rate base growth.
## Maryland Rate Case
Maryland rate case request filed for $53 million, with regulatory outcome expected in April 2027.
## West Virginia Rate Adjustment
West Virginia rate adjustment approved for $76 million, with first increase effective August 1 and second scheduled for June 1, 2027.
## Competitive Transmission Awards
Competitive transmission awards total $5 billion since 2022, including joint ventures for complex regional developments.
## Debt Issuance
Debt issuance completed $2.6 billion at an average coupon of 4.7%.
## Interest Rate Protection
50% of total long-term debt supported by formula rate mechanisms that recover interest costs.
## Return on Equity
Return on equity reached 9.5% on a consolidated trailing 12-month basis, aligning with targeted returns.
## Key takeaway

FirstEnergy's Q3 2026 earnings show $4.6B revenue, $0.96 GAAP EPS, and $2.62-$2.82 core EPS guidance with focus on West Virginia data center growth and transmission investments.