Equity Profile

FE

FirstEnergy Corp.

UtilitiesElectric Utilities$26.9B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

FirstEnergy Corp. is a utility company that provides electricity to customers in the United States....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of the company's profitability and will indicate how well FirstEnergy is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth is essential to assess the company's ability to expand its customer base and improve its financial health.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FE Q2-2026 Earnings Preview

Context

Company Snapshot

FirstEnergy Corp. is a utility company that provides electricity to customers in the United States. As a key player in the electric utilities sector, it plays an important role in energy distribution and management, especially as the country focuses on sustainable energy solutions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+48.29%

Avg Stock Reaction

-0.43%

Last Quarter Recap

In Q1-2026, FirstEnergy reported an EPS of $0.72, matching analyst expectations. The stock saw a slight increase of 0.28% the following day, indicating a stable performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about FirstEnergy's upcoming earnings report, given its recent performance and the stability of the utility sector.

Bull Case

If FirstEnergy can demonstrate strong revenue growth and maintain or exceed its EPS from the previous quarter, it could boost investor confidence and lead to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations for EPS or revenue growth, it could lead to a negative market reaction, especially given the historical trend of stock declines following earnings misses.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

The EPS figure will be a key indicator of FirstEnergy's profitability and could significantly influence investor sentiment.

How many new customers has FirstEnergy added this quarter?

Customer growth is crucial for future revenue and can provide insight into the company's market position and demand for its services.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating FirstEnergy's ability to manage costs effectively, which could lead to better-than-expected EPS despite revenue challenges.

Supporting Evidence

FirstEnergy has historically shown resilience in maintaining profitability even during challenging market conditions.

The company's recent investments in infrastructure may not yet be fully reflected in current revenue expectations.

Key Risk

If the EPS comes in above $0.80, it could challenge the current cautious outlook and shift investor sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is watching closely for signs of profitability and growth, which are critical for sustaining investor confidence.

Bull Confirmed If

An EPS of $0.80 or higher would confirm the bullish case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.70 would confirm the bearish case, suggesting potential issues with profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±10.99%

Historical Avg

±0.8%

Pricing rich

The options market is pricing in a significant move of nearly 11%, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±11.0% while FE has averaged ±0.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

20.0%

Calls (4K)P/C Ratio: 0.17Puts (12K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FirstEnergy beats expectations, history suggests the stock could see a modest increase, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a slight decline.

Miss

A miss on earnings could lead to a more significant drop, as history indicates an average decline of around 1% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer growth and retention rates.
2Details on cost management strategies and their impact on profitability.
3Insights into regulatory changes affecting the utility sector.
4Information on any new projects or investments in renewable energy.
5Management's outlook on future earnings and market conditions.

See the full picture

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Company Snapshot

FirstEnergy Corp. is a utility company that provides electricity to customers in the United States....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of the company's profitability and will indicate how well FirstEnergy is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth is essential to assess the company's ability to expand its customer base and improve its financial health.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FE Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+48.29%

Avg Stock Reaction

-0.43%

Last Quarter Recap

In Q1-2026, FirstEnergy reported an EPS of $0.72, matching analyst expectations. The stock saw a slight increase of 0.28% the following day, indicating a stable performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about FirstEnergy's upcoming earnings report, given its recent performance and the stability of the utility sector.

Bull Case

If FirstEnergy can demonstrate strong revenue growth and maintain or exceed its EPS from the previous quarter, it could boost investor confidence and lead to a positive stock reaction.

Bear Case

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

The EPS figure will be a key indicator of FirstEnergy's profitability and could significantly influence investor sentiment.

How many new customers has FirstEnergy added this quarter?

Customer growth is crucial for future revenue and can provide insight into the company's market position and demand for its services.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating FirstEnergy's ability to manage costs effectively, which could lead to better-than-expected EPS despite revenue challenges.

Supporting Evidence

FirstEnergy has historically shown resilience in maintaining profitability even during challenging market conditions.

The company's recent investments in infrastructure may not yet be fully reflected in current revenue expectations.

Key Risk

If the EPS comes in above $0.80, it could challenge the current cautious outlook and shift investor sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is watching closely for signs of profitability and growth, which are critical for sustaining investor confidence.

Bull Confirmed If

An EPS of $0.80 or higher would confirm the bullish case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.70 would confirm the bearish case, suggesting potential issues with profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±10.99%

Historical Avg

±0.8%

Pricing rich

The options market is pricing in a significant move of nearly 11%, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±11.0% while FE has averaged ±0.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

20.0%

Calls (4K)P/C Ratio: 0.17Puts (12K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FirstEnergy beats expectations, history suggests the stock could see a modest increase, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a slight decline.

Miss

A miss on earnings could lead to a more significant drop, as history indicates an average decline of around 1% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer growth and retention rates.
2Details on cost management strategies and their impact on profitability.
3Insights into regulatory changes affecting the utility sector.
4Information on any new projects or investments in renewable energy.
5Management's outlook on future earnings and market conditions.