FE
FirstEnergyDDocument history
Earnings documents stored for FE.
Investor releaseQuarter not tagged2026-07-16Can FirstEnergy's Grid Investments Drive Long-Term Earnings Growth?
Zacks
Can FirstEnergy's Grid Investments Drive Long-Term Earnings Growth?
FirstEnergy Corp. FE is benefiting from the expansion and modernization of its extensive transmission and distribution network, strengthening reliability, meeting rising demand and supporting new energy sources. These investments improve operational efficiency, reduce the frequency and duration of outages, and create additional opportunities for earnings growth.As of Dec. 31, 2025, the company operated an extensive electric network comprising nearly 252,959 miles of distribution line and 24,157 transmission line miles, providing a substantial infrastructure base for grid modernization investments and long-term rate base growth.The company’s multi-year Energize365 investment program is upgrading grid infrastructure, improving customer service and supporting affordable, competitive electricity rates across its service territory. FirstEnergy plans to invest $36 billion from 2026 to 2030, which includes $12.7 billion in stand-alone transmission and $10.3 billion in the distribution network. These infrastructure investments focus on building a stronger, more flexible grid, preparing for future electricity demand, and keeping affordability and customer advocacy at the forefront. Together, these investments are expected to support 10% average annual rate base growth and 6-8% annual earnings per share (EPS) growth through 2030.FirstEnergy’s transmission unit formed a 50-50 partnership with Transource, called Grid Growth to develop transmission projects awarded by PJM Interconnection. The partnership has secured a $1.2 billion transmission project. Overall, FirstEnergy benefits from grid modernization and transmission and distribution expansion, supporting rate base growth, earnings and shareholder value. Utilities are upgrading transmission networks, substations, and smart grid systems to minimize outages and improve the reliability of electricity service. These investments enhance grid resilience, optimize system performance and help utilities meet growing power demand.Ameren AEE is strengthening and modernizing its transmission network through MISO-approved projects and sustained infrastructure investments. These initiatives are expected to enhance grid resilience, improve service reliability and support long-term regulated earnings growth.Entergy ETR is undertaking significant grid investments in Mississippi to strengthen infrastructure, enhance the power network...
Investor releaseQuarter not tagged2026-07-07What to Expect From FirstEnergy's Q2 2026 Earnings Report
Barchart
What to Expect From FirstEnergy's Q2 2026 Earnings Report
With a market cap of $27.6 billion, FirstEnergy Corp. (FE) is a diversified energy company that generates, transmits, and distributes electricity through its subsidiaries across the United States. Operating through its Distribution, Integrated, and Stand-Alone Transmission segments, the company serves customers in six states with a mix of coal, nuclear, hydroelectric, wind, and solar energy sources. The Akron, Ohio-based company is slated to announce its fiscal Q2 2026 results after the market closes on Wednesday, Jul. 29. Ahead of this event, analysts expect FirstEnergy to report an adjusted Core EPS of $0.56, up 7.7% from $0.52 in the year‑ago quarter. It has exceeded or met Wall Street's earnings expectations in the past four quarters. Broadcom’s Largest AI Customer Is Fleeing to MediaTek. AVGO Stock Is Still a Buy. Mark Cuban Asks What If You Didn’t Need Health Insurance — And Hospitals Just Treated You, Then Took 10% of Your Pay? Nasdaq Futures Plunge as Samsung Sparks Chip Selloff Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2026, analysts expect the utility company to report adjusted Core EPS of $2.74, a rise of 7.5% from $2.55 in fiscal 2025. Shares of FirstEnergy have soared 21.4% over the past 52 weeks, outperforming the broader S&P 500 Index's ($SPX) 20.7% return and the State Street Utilities Select Sector SPDR ETF's (XLU) 11.5% gain over the same period. FirstEnergy reported Q1 2026 results on Apr. 28, with profit of $405 million, or $0.70 per share, up 12.5% from $360 million, or $0.62 per share, a year earlier, driven by higher electricity rates and growing demand from power-intensive data centers. The company also reported revenue of $4.2 billion, up from $3.7 billion a year earlier, and reaffirmed its 2026 core EPS guidance of $2.62 - $2.82, supported by a $6 billion capital investment plan for 2026 focused on grid modernization, distribution upgrades, and transmission reliability. Additionally, FirstEnergy expanded its 2026 - 2030 capital investment plan to $36 billion, nearly 30% above its previous plan, with the company expecting it to generate about 10% compounded annual rate-base growth. However, the stock fell 1.3% the next day. Analysts' consensus view on FE stock remains cautiously optimistic, with an overall "Moderate...
Investor releaseQuarter not tagged2026-07-02Will PNW's Capital Investment Plan Fuel Long-Term Earnings Growth?
Zacks
Will PNW's Capital Investment Plan Fuel Long-Term Earnings Growth?
Pinnacle West Capital PNW benefits from its strategic capital investment plan, which strengthens grid reliability, supports rising electricity demand and drives sustainable long-term earnings growth. These investments are aimed at improving system reliability, supporting customer growth and expanding the company's regulated asset base.PNW aims to invest $2.6 billion in 2026 and nearly $7.95 billion during 2026-2028, allocating about $2.11 billion to transmission, $2.31 billion to distribution and $2.28 billion to generation infrastructure. These investments support a 7-9% rate base growth through 2028 and advance strategic transmission projects.The company is witnessing strong growth in electricity demand, supported by sustained economic development across its service territory. Arizona continues to attract semiconductor manufacturers, large data centers and other large industrial customers that require 24x7 reliable power. The company expects retail electricity sales to grow 4-6% in 2026, driven primarily by expanding manufacturing facilities and data centers. It projects 5-7% annual weather-normalized sales growth through 2030. PNW is expanding its power infrastructure to meet growing demand and recover its investments through regulatory approvals.The company continues to target 5-7% long-term EPS growth, supported by sustained infrastructure investment and increasing electricity demand. PNW's systematic capital allocation, expanding regulated rate base and constructive regulatory framework provide a solid foundation for future earnings growth. Capital investments strengthen regulated utility growth through grid modernization, transmission expansion, improved reliability and renewable integration. These investments expand the regulated asset base, support timely cost recovery and drive stable earnings and long-term growth.FirstEnergy Corp. FE expects to invest $36 billion over 2026-2030 to strengthen its regulated transmission and distribution business. The capital plan prioritizes grid modernization and infrastructure upgrades, supporting an estimated 10% compound annual rate base growth.PPL Corporation PPL plans to invest nearly $23 billion during 2026-2029, supporting an average annual rate base growth of 10.3%. These investments strengthen energy infrastructure, expand cleaner generation, improve reliability and maintain affordable electricity for cust...
Investor releaseQuarter not tagged2026-07-02FirstEnergy to Webcast Second Quarter Earnings Teleconference
PR Newswire
FirstEnergy to Webcast Second Quarter Earnings Teleconference
AKRON, 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. EDT on Wednesday, July 29. A question-and-answer session will follow. Investors, customers and other interested parties are invited to listen to a live webcast of the call and view presentation slides via FirstEnergy's Investor Information website, www.firstenergycorp.com/ir. The webcast and presentation will be available for replay on the site for up to one year. The company plans to post its second quarter presentation and supporting materials to the investor section of the website after markets close on July 28. FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on X @FirstEnergyCorp. View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-to-webcast-second-quarter-earnings-teleconference-302816318.html
Investor releaseQuarter not tagged2026-06-05Eversource (ES) Up 4.2% Since Last Earnings Report: Can It Continue?
Zacks
Eversource (ES) Up 4.2% Since Last Earnings Report: Can It Continue?
It has been about a month since the last earnings report for Eversource Energy (ES). Shares have added about 4.2% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Eversource due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. ES Q1 Earnings & Revenues Beat Estimates, Five-Year Capex Plan RaisedEversource Energy reported first-quarter 2026 adjusted earnings of $1.73 per share, which topped the Zacks Consensus Estimate of $1.59 by 8.81%. The bottom line increased 15.33% from the year-ago figure of $1.50. Revenues of $4.50 billion beat the Zacks Consensus Estimate of $4.21 billion by 6.88%. Total revenues also increased 9.37% from the year-ago figure of $4.12 billion. Total operating expenses were $3.43 billion, up 7.40% year over year. The increase was due to higher purchased power, purchased natural gas and transmission costs, increased operations and maintenance expenses, higher Energy Efficiency Programs spending and a rise in Taxes Other Than Income Taxes expenses.Operating income totaled $1.08 billion, up 16.17% year over year.Interest expenses amounted to $365.3 million, 21.41% higher than the prior-year level. Electric Transmission: Earnings totaled $224.3 million, up 12.49% year over year. This was driven by a higher level of investment in Eversource Energy’s electric transmission system and an increase in non-refundable revenues.Electric Distribution: Earnings amounted to $202.8 million, up 7.64% year over year. This was driven by higher revenues from base distribution rate hikes at Eversource's New Hampshire and Massachusetts electric businesses and ongoing investments in its distribution system.Natural Gas Distribution: This segment reported earnings of $295.3 million, up 35.21% from $218.4 million in the year-ago quarter. This was due to the implementation of the new base distribution rate hike at all of Eversource’s gas businesses, effective Nov. 1, 2025.Water Distribution: Earnings amounted to $6.4 million, up 78% from $3.6million in the year-ago quarter, driven by higher revenue growth. Eversource Parent & Other Companies: The segment reported a loss of $78.1 million, wider than the year-ago quarter’s report...
Investor releaseQuarter not tagged2026-05-28FirstEnergy (FE) Down 4.4% Since Last Earnings Report: Can It Rebound?
Zacks
FirstEnergy (FE) Down 4.4% Since Last Earnings Report: Can It Rebound?
It has been about a month since the last earnings report for FirstEnergy (FE). Shares have lost about 4.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is FirstEnergy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. FirstEnergy Sees Revenue Growth in Q1, Earnings Match EstimatesFirstEnergy Corp. reported first-quarter 2026 core earnings of 72 per share, up 7.5% from the year-ago quarter. The bottom line was on par with the Zacks Consensus Estimate. FirstEnergy’s quarter reflected steady gains from regulated rate base expansion and effective program execution, which supported segment performance. Core earnings growth was driven by returns on investments and disciplined cost management, with stronger customer demand providing an added boost to the Integrated segment.FE’s reported GAAP earnings were 70 cents per share in the quarter compared with 62 cents in the year-ago quarter. The difference between GAAP and operating earnings was due to 4 cents related to investigation and other costs, while OPEB credits were for 2 cents. Quarterly revenues came in at $4.2 billion, increasing 10.5% year over year and beating the Zacks Consensus Estimate of $3.84 billion by 9.38%. The quarter reflected continued execution of the company’s customer-focused investment plan, supported by nearly $1.4 billion of capital deployed. The quarter’s revenue strength was underpinned by contributions across Distribution, Integrated and Stand-Alone Transmission. For the three months ended March 31, 2026, Distribution revenues totaled $1.99 billion, Integrated revenues were $1.70 billion and Stand-Alone Transmission revenues reached $516 million, reflecting the scale of the regulated platform. FE’s income statement showed operating income of $828 million for the quarter, up 9.8% from $754 million in the prior-year period, reflecting higher revenues outpacing operating cost growth. Interest expense increased 13.2% to $326 million from $288 million, an important watch item as the company funds a large multi-year buildout. Cash and cash equivalents as of March 31, 2026, were $52 million compared with $57 million as of Dec. 31, 2025. Long-term debt a...
Investor releaseQuarter not tagged2026-05-10Earnings Growth Positions FirstEnergy Corp. (FE) as a Top High-Growth Utility Stock
Insider Monkey
Earnings Growth Positions FirstEnergy Corp. (FE) as a Top High-Growth Utility Stock
FirstEnergy Corp. (NYSE:FE) is one of the high growth utility stocks to buy according to analysts. On April 30, Goldman Sachs reiterated a Buy rating on FirstEnergy Corp. (NYSE:FE) and set a $54 price target. The investment bank has touted the company’s outlook following solid first-quarter results that affirmed underlying growth. Earnings increased to $405 million, or $0.70 a share, compared to $360 million, or $0.62 a share, delivered in the same quarter last year. The earnings increase came on the back of revenue soaring to $4.2 billion, up from $3.8 billion in the first quarter of last year. Additionally, First Energy reiterated its 2026 Core Earnings guidance of between $2.62 and $2.82 per share. The earnings outlook is supported by the Energize365 capital investment plan of $6 billion for distribution infrastructure renewal and grid modernization. Goldman Sachs remains confident that the company will deliver at the top end of management’s guidance of 6% to 8% earnings-per-share growth through 2030. The investment bank expects data center growth to be the main upside driver, given the company’s already contracted 4.3 gigawatts of demand. FirstEnergy Corp. (NYSE:FE) is a major U.S. investor-owned electric utility holding company that generates, transmits, and distributes electricity to over 6 million customers. It operates a vast network of 24,000 miles of transmission lines and roughly 269,000 miles of distribution lines, focusing on regulated utility operations and infrastructure modernization. While we acknowledge the potential of FE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Small-Cap Value Stocks to Buy and 10 Most Oversold Canadian Stocks to Invest In. Disclosure: None. Follow Insider Monkey on Google News.
Investor releaseQuarter not tagged2026-05-01FirstEnergy (FE) Reports Q1 Results, Reaffirms 2026 Guidance
Insider Monkey
FirstEnergy (FE) Reports Q1 Results, Reaffirms 2026 Guidance
FirstEnergy Corp. (NYSE:FE) is included among the 10 Best Electrical Infrastructure Stocks to Buy According to Hedge Funds. FirstEnergy Corp. (NYSE:FE)’s electric distribution companies form one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. The company’s transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. FirstEnergy Corp. (NYSE:FE) reported its Q1 2026 results on April 28, with the company growing its core earnings by 7.5% YoY to $0.72 per share, in line with market expectations. Revenue for the quarter also grew by 11.6% YoY to $4.2 billion, beating estimates by over $362 million. The utility posted a profit of $405 million, up 12.5% compared to the same period last year, due to the higher electricity rates and growing demand from power-hungry data centers. FirstEnergy Corp. (NYSE:FE) reaffirmed its core earnings guidance range of $2.62 to $2.82 per share for FY 2026, helped by its $6 billion capital investment plan for the year, focusing on grid modernization, distribution upgrades, and transmission reliability. Moreover, the company revealed that its broader CapEx plan of $36 billion for 2026 to 2030 is expected to generate about 10% compounded annual rate‑base growth. While we acknowledge the potential of FE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Sizzling Returns: 7 Energy Stocks That Just Hit New All-Time Highs and Powering the Future: Why These 7 Energy & Utility Stocks Are on Fire in April Disclosure: None. Follow Insider Monkey on Google News.
Investor releaseQuarter not tagged2026-04-30FirstEnergy Q1 Earnings Call Highlights
MarketBeat
FirstEnergy Q1 Earnings Call Highlights
Q1 results: FirstEnergy reported GAAP EPS of $0.70 and Core EPS of $0.72 (up 7.5% YoY), and reaffirmed 2026 guidance of $2.62–$2.82 per share while targeting a long-term Core Earnings CAGR of 6%–8% through 2030. Management pointed to execution on regulated investment as the driver of growth — $1.4 billion invested in Q1 (up 33% YoY), transmission rate base rising (19% at integrated businesses, 11% at stand‑alone transmission) — and said base O&M fell about 5% with the savings characterized as sustainable. Credit and strategic updates: Moody’s raised its outlook to positive, an $850 million debt offering was more than five times oversubscribed, and FirstEnergy expects regulatory approval in H2 for a ~1.2 GW West Virginia combined‑cycle plant (~$2.5 billion cost, up to ~35% equity) amid growing data‑center load opportunities. Interested in FirstEnergy Corporation? Here are five stocks we like better. Powering Profits: Utility Stocks That Shine in Volatility FirstEnergy (NYSE:FE) reported first-quarter 2026 results that management said put the company “off to a solid start” for the year, supported by regulated investment, ongoing operations and maintenance (O&M) reductions, and improving reliability metrics across several jurisdictions. Chief Financial Officer Jon Taylor said FirstEnergy posted first-quarter GAAP earnings of $0.70 per share, up from $0.62 in the first quarter of 2025. Core Earnings were $0.72 per share, up 7.5% from $0.67 a year earlier, with Taylor noting that “each of our regulated businesses” reported year-over-year increases. → Palantir Is Down 30%: Noise? Or a Signal to Accumulate? Are defensive sectors ready to outshine growth in 2024? CEO Brian Tierney said results were “in line with our 2026 earnings guidance range of $2.62 to $2.82 per share.” Taylor reaffirmed that guidance along with FirstEnergy’s $6 billion 2026 capital plan, adding that “most of the remaining earnings growth compared to 2025” is expected to materialize in the second half of the year. Taylor also reaffirmed the company’s long-term Core Earnings compounded annual growth rate (CAGR) target of 6% to 8% through 2030, “targeting near the top end of that range,” based on the 2026 guidance midpoint of $2.72 per share. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss Management attributed earnings growth largely to execution on a regulated investment strategy. Tay...
Investor releaseQuarter not tagged2026-04-30FirstEnergy (FE) Q1 2026 Earnings Transcript
Motley Fool
FirstEnergy (FE) Q1 2026 Earnings Transcript
Image source: The Motley Fool. Wednesday, April 29, 2026 at 9:00 a.m. ET Chief Executive Officer — Brian Tierney Chief Financial Officer — K. Taylor Need a quote from a Motley Fool analyst? Email [email protected] Brian Tierney: Thank you, Karen. Good morning, everyone. Thank you for joining us today. We are off to a solid start this year with first quarter core earnings 7.5% above last year, reflecting our customer-focused investment plan and strong financial discipline. We are on track for a successful year with expected results in line with our 2026 earnings guidance range of $2.62 to $2.82 per share and our long-term outlook remains strong. The team executed extremely well in the first quarter despite numerous storms that rolled through our service territory. Our employees demonstrated a strong commitment to our customers by their performance safely restoring power. What I observed during the first 3 months of this year further strengthens my commitment to our strategic direction. We are investing in our electric system to improve reliability, resiliency and the customer experience, listening and responding to our communities and investing in our people to be safe, well trained and productive. By doing these things, we improve the well-being of our customers, our communities and our teammates and provide a strong value proposition to investors. Over the last 3 years, we have fundamentally transformed FirstEnergy. We sharpened our strategic focus and strengthened our alignment around our core values. I am pleased to share with you that we have recently completed a couple of key hires, further strengthening our leadership team. I am pleased to announce Chris Beam as our new President of West Virginia and Maryland. Chris replaces Jim Myers, who retired after 40 years of remarkable service. I'm also pleased to announce that Dan Puskas has agreed to serve as our Chief Information Officer after serving on an interim basis for the last 6 months. Both Chris and Dan bring deep technical industry and leadership experience to the executive team. At the core of our strategy is improving the service we provide to customers. Each of our business units are working with customers, elected officials and regulators to prioritize investments for local needs. Collaboration with our key stakeholders drives alignment and better outcomes for customers and better results for our comp...
Investor releaseQuarter not tagged2026-04-29FirstEnergy (FE) Q1 Earnings Meet Estimates
Zacks
FirstEnergy (FE) Q1 Earnings Meet Estimates
FirstEnergy (FE) came out with quarterly earnings of $0.72 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this utility company would post earnings of $0.52 per share when it actually produced earnings of $0.53, delivering a surprise of +1.92%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. FirstEnergy, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $4.2 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 9.17%. This compares to year-ago revenues of $3.77 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. FirstEnergy shares have added about 10.4% since the beginning of the year versus the S&P 500's gain of 4.8%. While FirstEnergy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for FirstEnergy was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarter...
Investor releaseQuarter not tagged2026-04-29FirstEnergy Sees Revenue Growth in Q1, Earnings Match Estimates
Zacks
FirstEnergy Sees Revenue Growth in Q1, Earnings Match Estimates
FirstEnergy Corp. FE reported first-quarter 2026 core earnings of 72 per share, up 7.5% from the year-ago quarter. The bottom line was on par with the Zacks Consensus Estimate. FirstEnergy’s quarter reflected steady gains from regulated rate base expansion and effective program execution, which supported segment performance. Core earnings growth was driven by returns on investments and disciplined cost management, with stronger customer demand providing an added boost to the Integrated segment. FE’s reported GAAP earnings were 70 cents per share in the quarter compared with 62 cents in the year-ago quarter. The difference between GAAP and operating earnings was due to 4 cents related to investigation and other costs, while OPEB credits were for 2 cents. Quarterly revenues came in at $4.2 billion, increasing 10.5% year over year and beating the Zacks Consensus Estimate of $3.84 billion by 9.38%. The quarter reflected continued execution of the company’s customer-focused investment plan, supported by nearly $1.4 billion of capital deployed. FirstEnergy Corporation price-consensus-eps-surprise-chart | FirstEnergy Corporation Quote The quarter’s revenue strength was underpinned by contributions across Distribution, Integrated and Stand-Alone Transmission. For the three months ended March 31, 2026, Distribution revenues totaled $1.99 billion, Integrated revenues were $1.70 billion and Stand-Alone Transmission revenues reached $516 million, reflecting the scale of the regulated platform. FE’s income statement showed operating income of $828 million for the quarter, up 9.8% from $754 million in the prior-year period, reflecting higher revenues outpacing operating cost growth. Interest expense increased 13.2% to $326 million from $288 million, an important watch item as the company funds a large multi-year buildout. Cash and cash equivalents as of March 31, 2026, were $52 million compared with $57 million as of Dec. 31, 2025. Long-term debt as of March 31, 2026, was $26.33 billion compared with $25.5 billion as of Dec. 31, 2025. Capital investments were $1.255 billion for the quarter compared with $1.005 billion a year ago. On the funding side, the company recorded $850 million of new long-term debt and ended the quarter with short-term borrowings of $1.305 billion, up from $325 million at year-end 2025. FE and its subsidiaries maintain investment-grade ratings acro...

