FirstEnergy Maintains Growth Outlook Amid Rising Data Center Demand
FirstEnergy Corp reported higher second-quarter earnings in 2026, reaffirming its full-year guidance and long-term growth targets. The utility highlighted growing electricity demand from data centers as a key driver of future investment. With $3.7 billion in revenue for the quarter, FirstEnergy maintained core earnings per share at $0.50 compared to last year's $0.52. The company plans $6 billion in capital investments this year and has already deployed $2.9 billion by mid-2026. Data center demand increased 30% since Q1, reaching a contracted load of 6.4 gigawatts, with West Virginia seeing an especially sharp rise to 4.3 GW due to large-load customer interest. FirstEnergy is advancing the Maidsville Energy Center in West Virginia and evaluating additional projects under its $36 billion Energize365 program aimed at modernizing infrastructure and expanding transmission capacity.
Tickers: $FE
Topics: capital investment data centers electricity demand growth strategy