Firstenergy Corp.
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+ FollowMarket Cap$27.22B
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Earnings Call Q3 2026
October 28, 2026 - AI Summary
Strong operating + earnings momentum (guidance reaffirmed): Q3 GAAP EPS $0.96 vs $0.76 prior year; Core EPS $0.98 vs $0.83. Through 9M, Core EPS +$0.18 (+9%) to $2.20. Company deployed $4.9B investments through September (+23% YoY). They reaffirm 2026 Core EPS guidance $2.62–$2.82, expecting to be at or slightly above the midpoint; also reiterate near-term growth is on track for the top end of 6%–8% through 2030.
Demand growth—especially data centers—is accelerating, but timing will require “bridge power”: Management cited contracted/pipelined data center demand up nearly 60% since year-end, with contracted demand +90%. Across the footprint they now have 7.9 GW contracted data center demand and are negotiating for ~4 GW more. West Virginia is the standout: pipeline demand ~6x higher to nearly 6 GW. Company expects most of the incremental 3 GW RFP to land around 2031–2032+ (not immediate), so they’re pursuing faster-to-power bridge options (RICE, fuel cells, batteries, etc.) to serve campuses sooner.
Major strategic pivot in West Virginia (Maidsville CPCN + broader generation plans): They expect an order on Maidsville from the WV PSC in Q4 and have reserved turbines with Siemens for 2030 delivery to protect schedule. Key gating factors beyond the CPCN include finalizing gas supply and EPC/EPC arrangement, while on the customer side they see strong interest from creditworthy off-takers for both early capacity and the longer “next tranches.” Management also said they’re exploring a gen-co structure and potentially a surcharge-type mechanism to fund generation while protecting existing customers—and suggested that beyond Maidsville the opportunity could extend to the “next gigawatt, next gigawatt…”
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$40.69
13.4% downside
Current Fair Value
13.4% downsideOvervalued by 13.4% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $27.22 Billion |
|---|---|
| Enterprise Value | $57.14 Billion |
| Annual dividend | $1.84 |
| Dividend yield | 3.91% |
| Earnings per Share | $1.77 |
| Beta | 0.37 |
| Outstanding Shares | 579,000,000 |
Return
| Return on Equity | 11.20% |
|---|---|
| Return on Assets | 2.43% |
| Return on Invested Capital | 5.67% |
Valuation & Multiples
| P/E Ratio | 22.65 |
|---|---|
| PEG | 86.1 |
| Price to Sales | 1.68 |
| Price to Book Ratio | 1.88 |
| Enterprise Value to Revenue | 3.52 |
| Enterprise Value to EBIT | 19.72 |
| Enterprise Value to Net Income | 39 |
| Total Debt to Enterprise | 0.53 |
| Debt to Equity | 2.32 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 28, 2026
EPS Estimate
$0.92
Consensus analyst estimateRevenue Estimate
$4.32 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 16, 2027
EPS Estimate
$0.59
Consensus analyst estimateRevenue Estimate
$3.83 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 56.86% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | 416,600▼ 77.71% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 11.12%▼ 79.04% |
|---|---|
| Total Invested | $2.78B▼ 88.76% |
| Investors Holding | 452▼ 513.00% |
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...