Firstenergy Corp.

Firstenergy Corp.

FE

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Market Cap$26.83B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Firstenergy Corp.Firstenergy Corp.25.23.88%11%1.82.2

Earnings Call Q1 2026

April 29, 2026 - AI Summary

Solid earnings momentum + guidance reaffirmed (good) - Q1 2026 GAAP: $0.70/share vs $0.62 in Q1 2025. - Q1 2026 Core earnings: $0.72/share, +7.5% YoY (from $0.67). - Company reaffirmed full-year 2026 guidance: $2.62–$2.82/share (midpoint $2.72), with most growth expected in 2H 2026. - Long-term outlook reaffirmed: core earnings CAGR 6%–8% through 2030, targeting near the top end of that range.
Execution supported by regulated capital growth + cost discipline (good) - Q1 capital program: $1.4B customer-focused investments, +33% YoY, with nearly all incremental growth in formula-rate programs. - Formula-rate coverage: ~75% of capital program under formula rate. - Rate base growth drivers mentioned: - Transmission rate base: +13% - Integrated businesses: +19% - Stand-alone transmission: +11% - O&M improvement: base O&M down ~5% YoY in the quarter; management frames this as sustainable (data/analytics + risk-based, predictive maintenance), not purely weather-driven.
West Virginia is the clearest growth lever, but timing is key (opportunity + some uncertainty) - 1.2 GW natural gas project: regulatory hearings mid-July, anticipating approval in 2H 2026 (company expects “probably early Q4”). - If approved: rate base growth expected to move from just over 10% to just over 11% (per CFO), implying earnings ramp tied to approvals. - Data center demand tailwind in WV: ~1.8 GW credible projects (up ~50% since February), plus dialogue on >6 GW load. - Broader pipeline: ~4 GW of total pipeline in final contract negotiations, expected to become contracted with construction agreement within the quarter, “nearly doubling contracted demand.” - Financing mix (for the plant): CFO suggested AFUDC cash recovery and expects up to ~35% funded with new equity; company said they don’t expect this to exceed that.

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$53.50

Target Price by Analysts

17.5% upsideFirstenergy Target Price DetailsTarget Price
$40.69

Current Fair Value

10.6% downside

Overvalued by 10.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$26.83 Billion
Enterprise Value$54.81 Billion
Dividend Yield$1.80 (3.88%)
Earnings per Share$1.77
Beta0.47
Outstanding Shares578,000,000

Return

Return on Equity10.80%ROE
Return on Assets2.40%
Return on Invested Capital5.59%

Valuation & Multiples

P/E Ratio25.18P/E Ratio
PEG201.42PEG
Price to Sales1.75Price to Sales
Price to Book Ratio1.9Price to Book Ratio
Enterprise Value to Revenue3.53
Enterprise Value to EBIT19.21
Enterprise Value to Net Income40
Total Debt to Enterprise0.51
Debt to Equity2.22Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 28, 2026
EPS Estimate
$0.72
Average shareholder expectation
Revenue Estimate
$3.80 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 29, 2026
EPS Estimate
$0.55
Average shareholder expectation
Revenue Estimate
$3.62 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.6085 37.67%
Total Calls3,595,441 1.74%
Total Puts2,187,873 37.16%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %90.39% 1.29%
Total Invested$26.41B 14.15%
Investors Holding944 19.00%

ESG Score

No data

About Firstenergy Corp.

15,617 employees
CEO: Charles Jones

FirstEnergy Corp. is dedicated to safety, reliability and operational excellence. Its ten electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jers...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the technical analysis and official 'revenue estimates' for all tax legislation. Its expert input directly shapes the specifics of tax bills, including those affecting corporate tax structures and capital investment incentives, which are critical for FirstEnergy's financial planning and valuation.

Finance

As the primary tax-writing committee, it dictates federal tax policy, trade, and entitlement spending. Corporate tax rates, depreciation rules, and investment tax credits determined by this committee have a direct and substantial impact on FirstEnergy's profitability, cash flow, and capital investment decisions.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine funding for energy infrastructure, grid modernization projects, and scientific research (e.g., Department of Energy initiatives), which can directly provide revenue streams or grants to utilities like FirstEnergy.

Banking, Housing, and Urban Affairs

This committee regulates the entire financial system, including the Federal Reserve and SEC. As a capital-intensive utility, FirstEnergy's ability to finance its operations and infrastructure, and its cost of capital, are directly impacted by financial regulations, interest rates, and capital market conditions overseen by this committee.

Energy and Natural Resources

This committee has direct oversight of national energy policy, the Department of Energy, and public lands. Its decisions on energy policy, grid modernization, nuclear energy initiatives, and resource management directly impact FirstEnergy's operational environment, future investments, and regulatory landscape.

Environment and Public Works

This committee directly regulates the Environmental Protection Agency (EPA) and the Nuclear Regulatory Commission (NRC). Both are critical to FirstEnergy's nuclear generation and environmental compliance for all its facilities, including emissions, water discharge, and waste management. Infrastructure programs could also directly benefit or impact transmission projects.