Earnings Growth Driven by Transmission Investments
Q2 2026 earnings attributable to FE increased $20 million (7%) to $288 million ($0.50/share) versus $268 million ($0.46/share) in Q2 2025, primarily due to higher transmission revenues from regulated capital investments, true-up adjustments from annual forward-looking transmission rate filings, and the absence of 2025 Ohio Stipulation customer credits, partially offset by higher interest expense and higher investigation-related costs.
Energize365 Capital Plan Expanded to $36 Billion
FirstEnergy's 2026-2030 Energize365 investment plan totals $36 billion, approximately 25% higher than the prior 2025-2029 plan, allocated 28% to Distribution, 35% to Integrated, and 35% to Stand-Alone Transmission segments to strengthen grid reliability and support data center and customer demand growth.
Segment Performance Diverged
Stand-Alone Transmission earnings rose $22 million to $97 million and Integrated segment earnings rose $7 million to $123 million in Q2 2026, while Distribution segment earnings declined $18 million to $143 million due to milder weather reducing customer usage and higher planned maintenance and financing costs.