Zacks Investment Research·4 days ago
Is FirstEnergy Set to Benefit From Surging Data Center Demand?FE's rising data center pipeline and Energize365 grid investments fuel long-term demand growth, earnings visibility and shareholder returns.
FirstEnergy Corp.(FE)Earnings, Financials & Key Ratios
FE•NYSE•Utilities
$48.39
27.5× P/E·Price updated Jul 7, 2026
SectorUtilitiesIndustryElectric UtilitiesSub-IndustryWires-only electric transmission and distribution
AboutFirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities. It operates 24,074 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 273,295 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves approximately 6 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.Show more
- Revenue$15.09B+12.0%
- EBITDA$4.39B+10.7%
- Net Income$1.02B+4.3%
- Free Cash Flow-$1B+11.8%
- EBITDA Margin29.08%-1.1%
- Net Margin6.76%-6.9%
- ROE7.38%-7.1%
- Interest Coverage2.49-0.1%
- Debt/Equity1.94+9.9%
FE Price & Volume
FirstEnergy Corp. (FE) stock price & volume — 10-year historical chart
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Energize365 Capital Deployment Drives Regulated Revenue Growth
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Regulatory and leverage overhang
Key Thesis Takeaways
- FirstEnergy is executing a strategic pivot toward a pure-play regulated utility model, anchored by the Energize365 capital plan which aims to expand the rate base through aggressive infrastructure investment.
- While revenue growth reached 11.6% in 2026Q1, the company faces persistent structural risks including a thin 0.52 current ratio and significant reliance on external financing to cover capital expenditures.
- Investors should monitor the sustainability of the dividend, as the OCF-to-dividend coverage ratio compressed to 0.6 in 2026Q1, reflecting the ongoing tension between massive capital requirements and shareholder returns.
Verdict Logic
while the 11.6% revenue growth in 2026Q1 highlights successful rate base expansion, the 0.6 OCF-to-dividend coverage ratio and 1.99 debt-to-equity ratio suggest significant liquidity and leverage risks that warrant caution.
FE Growth Metrics
FirstEnergy Corp. (FE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years0.04%
5 Years6.94%
3 Years6.59%
TTM11.3%
Profit CAGR
10 Years5.84%
5 Years-1.12%
3 Years35.94%
TTM-1.84%
EPS CAGR
10 Years2.54%
5 Years-2.43%
3 Years35.34%
TTM-2.54%
Return on Capital
10 Years5.61%
5 Years5.05%
3 Years5.45%
Last Year5.8%
FE Recent Earnings
FirstEnergy Corp. (FE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 28, 2026Metric
Actual
Est
EPS
$0.72+0.6%
$0.72
Rev
$4.2B+10.5%
$3.8B
Q1 2026
Feb 17, 2026Metric
Actual
Est
EPS
$0.53-2.6%
$0.54
Rev
$3.8B+23.9%
$3.1B
Q4 2025
Oct 22, 2025Metric
Actual
Est
EPS
$0.83+12.0%
$0.74
Rev
$4.1B+6.7%
$3.9B
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.52+6.9%
$0.49
Rev
$3.4B+1.3%
$3.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $0.72vs $0.72+0.6% | $4.2Bvs $3.8B+10.5% |
| Q1 2026 | Feb 17, 2026 | $0.53vs $0.54-2.6% | $3.8Bvs $3.1B+23.9% |
| Q4 2025 | Oct 22, 2025 | $0.83vs $0.74+12.0% | $4.1Bvs $3.9B+6.7% |
| Q3 2025 | Jul 30, 2025 | $0.52vs $0.49+6.9% | $3.4Bvs $3.3B+1.3% |
Based on last 12 quarters of dataView full earnings history →
Latest FE News
Recent stock market news and headlines for FirstEnergy Corp. (FE)
PRNewsWire·5 days ago
FirstEnergy to Webcast Second Quarter Earnings TeleconferenceAKRON, Ohio, July 2, 2026 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the second quarter of 2026 after markets close on Tuesday, July 28. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 9 a.m.
Zacks Investment Research·Jun 30, 2026
FE or NEE: Which Is the Better Value Stock Right Now?Investors interested in Utility - Electric Power stocks are likely familiar with FirstEnergy (FE) and NextEra Energy (NEE). But which of these two stocks presents investors with the better value opportunity right now?
GuruFocus·Jun 29, 2026
Keep Your Cool and Your Bills in Check During Extreme HeatKeep Your Cool and Your Bills in Check During Extreme Heat PR Newswire AKRON, Ohio, June 29, 2026
PRNewsWire·Jun 29, 2026
Keep Your Cool and Your Bills in Check During Extreme HeatEasy ways to stay safe, comfortable and energy smart from FirstEnergy AKRON, Ohio, June 29, 2026 /PRNewswire/ -- With an extended stretch of extreme heat expected this week, FirstEnergy Corp. (NYSE: FE) wants to help you stay cool and in control of your energy costs. Beat the heat and keep your energy use – and costs – in check with these tips: Use a ceiling or box fan to cool off and give your AC a break.
Peers Comparison
Key metrics vs top competitors for FirstEnergy Corp. (FE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $48.39 | $27.99B | 27.49 | 12.01% | 6.76% | 7.38% | 3.63% | |
| $47.57 | $48.67B | 17.36 | 5.34% | 11.21% | 9.76% | — | |
| $36.39 | $27.38B | 22.74 | 6.85% | 13.09% | 8.32% | — | |
| $74.75 | $28.09B | 16.39 | 13.83% | 12.55% | 10.75% | — | |
| $115.19 | $52.73B | 29.46 | 8.98% | 13.56% | 10.57% | — | |
| $75.74 | $29.14B | 6.56 | 9.76% | 18.87% | 19.39% | — |
Compare FE vs Peers
FirstEnergy Corp. (FE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FE SEC Filings & Documents
FirstEnergy Corp. (FE) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 28, 2026·SEC
Material company update
Feb 17, 2026·SEC
Material company update
Feb 12, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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FE Frequently Asked Questions
FirstEnergy Corp. (FE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is FirstEnergy Corp.'s revenue?
FirstEnergy Corp. (FE) reported $15.53B in revenue for fiscal year 2025. This represents a 450% increase from $2.82B in 1997.
How fast is FirstEnergy Corp. growing?
FirstEnergy Corp. (FE) grew revenue by 12.0% over the past year. This is steady growth.
Is FE profitable?
Yes, FirstEnergy Corp. (FE) is profitable, generating $1.06B in net income for fiscal year 2025 (6.8% net margin).
Dividend & Returns
Does FE pay dividends?
Yes, FirstEnergy Corp. (FE) pays a dividend with a yield of 3.63%. This makes it attractive for income-focused investors.
What is FE's return on equity?
FirstEnergy Corp. (FE) has a return on equity (ROE) of 7.4%. This is below average, suggesting room for improvement.
What is FirstEnergy Corp.'s free cash flow?
FirstEnergy Corp. (FE) generated $1.79B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Industry Metrics
Is FE's dividend sustainable?
FirstEnergy Corp. (FE) has a dividend payout ratio of 100%. The high payout ratio may limit dividend growth.