FirstEnergy Reports Q3 2026 Earnings Growth Driven by Data Center Demand and Industrial Load
FirstEnergy Corp. (FE) reported strong third-quarter 2026 financial results, highlighted by a rise in GAAP EPS to $0.96 per share from $0.76 in the prior year. Revenue grew to $4.6 billion, up from $4.1 billion in Q3 2025. The company's performance was bolstered by significant growth in industrial load and a massive surge in contracted data center demand, which now stands at 7.9 gigawatts across its service territory. To support this rising demand, FirstEnergy is aggressively expanding its infrastructure, including a $19 billion five-year transmission investment plan. Management also highlighted strategic moves in West Virginia to address power needs, such as reserving turbines for the Maidsville Energy Generating Facility and issuing requests for proposals for additional capacity. The company reaffirmed its 2026 Core EPS guidance, signaling confidence in its continued capital deployment and regulatory trajectory.
Topics: data center demand earnings report EPS guidance infrastructure investment revenue growth