AKRON, Oh. – FirstEnergy reported first-quarter 2026 core earnings of 72 per share, up 7.5% from the year-ago quarter. The bottom line was on par with the Zacks Consensus Estimate.
FirstEnergy claimed the quarter reflected steady gains from regulated rate base expansion and effective program execution of its Energize 365 program. Its core earnings growth, the company said, was driven by returns on investments and disciplined cost management, with stronger customer demand providing an added boost to the Integrated segment.
FirstEnergy, the parent company of Met Ed, Jersey Central Power and Light and 8 other regulated distribution companies in the Mid-West and Mid-Atlantic regions, reported first quarter 2026 Generally Accepted Accounting Principles (GAAP) earnings of $405 million, or $0.70 per basic and diluted earnings per share, on revenue of $4.2 billion. In the first quarter of 2025, the company reported GAAP earnings of $360 million, or $0.62 per basic and diluted share, on revenue of $3.8 billion…