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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“First, an update on our transmission business and the joint planning agreement with AEP and FirstEnergy. A package of our own and jointly proposed projects has been shortlisted by PJM in their open window process, which is ongoing with final approvals expected this month.”
Dominion's joint transmission planning agreement with FirstEnergy had a package of projects shortlisted by PJM, adding roughly $1 billion of incremental capital spend for Dominion.
“you probably know we've announced the joint planning agreements with Dominion and FirstEnergy to propose those projects through the regional transmission expansion plan.”
AEP has joint transmission planning agreements with FirstEnergy and Dominion Energy for PJM regional transmission expansion, pending Q1 PJM approval.
“E4A employs approximately 50 employees and services power plants, transformers, substation equipment and switchgears for a blue-chip roster of clients, which include FirstEnergy, Hitachi, Hyundai and Toshiba among many others.”
FirstEnergy is named as a blue-chip client of Riot's newly acquired E4A Solutions engineering services business.
“fostering relationships with Siemens as our OEM on the key component of the generation that we have.”
FirstEnergy is building a supplier relationship with Siemens as the turbine OEM for its planned West Virginia gas generation.
“which paved the way for an upgrade from S&P to BBB flat at FE Corp on a senior unsecured basis.”
Constructive Ohio regulatory outcomes led S&P to upgrade FirstEnergy (FE Corp) to BBB on a senior unsecured basis.
“And would that be something like similar to what PPL, Blackstone announced a couple of weeks ago. Would you be looking for a partner similar to that to work on that?”
Blackstone is referenced as having recently partnered with PPL on a generation-investment deal, illustrating Blackstone's growing role as a capital partner in utility-scale power generation financing.
“And would that be something like similar to what PPL, Blackstone announced a couple of weeks ago. Would you be looking for a partner similar to that to work on that?”
An analyst references PPL's recently announced generation-investment partnership with Blackstone as a possible model for FirstEnergy's own contracted/unregulated generation strategy, implying PPL is pursuing alternative capital structures for new generation investment.
“the PJM board approved approximately $3 billion of investment for the ValleyLink joint venture between FirstEnergy, AEP, and Dominion”
PJM approved a ~$3B transmission investment for the ValleyLink joint venture between FirstEnergy, AEP, and Dominion, expanding Dominion's participation in a large multi-utility transmission buildout.
“the PJM board approved approximately $3 billion of investment for the ValleyLink joint venture between FirstEnergy, AEP, and Dominion”
PJM approved a ~$3B transmission investment for the ValleyLink joint venture between FirstEnergy, AEP, and Dominion, expanding AEP's participation in a large multi-utility transmission buildout.
“Meta announced an investment of more than $800 million to build their new Bowling Green data center in our Toledo Edison service territory, which is expected to come online by the end of the year. This data center will be optimized for Meta's AI workloads.”
Meta is building an $800M+ data center in FirstEnergy's Toledo Edison territory optimized for AI workloads, confirming continued hyperscaler capex commitment to new capacity despite broader macro uncertainty.
“For the projects that were selected by PJM yesterday as part of the JV or you're part of with Dominion and AEP, are there any assumptions on those projects that are reflected in the current plan?”
FirstEnergy is part of a PJM-awarded competitive transmission joint venture with Dominion Energy and AEP; management expects roughly $675 million of project spend and called it a significant opportunity — a modest positive read-through for AEP's transmission investment pipeline.
“For the projects that were selected by PJM yesterday as part of the JV or you're part of with Dominion and AEP, are there any assumptions on those projects that are reflected in the current plan?”
FirstEnergy is part of a PJM-awarded competitive transmission joint venture with Dominion Energy and AEP; management expects roughly $675 million of project spend and called it a significant opportunity — a modest positive read-through for Dominion's transmission investment pipeline.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Nick Campanella | Barclays | 13 (8%) |
| Carly Davenport | Goldman Sachs | 12 (0%) |
| Jeremy Tonet | JPMorgan | 12 (0%) |
| Andy Weisel | Scotiabank | 11 (0%) |
| Tony Crowdell | Mizuho Securities | 9 (0%) |
| Dave Arcaro | Morgan Stanley | 8 (0%) |
| Steve Fleishman | Wolfe Research | 7 (0%) |
| Shar Pourreza | Wells Fargo | 6 (17%) |
| Ross Fowler | Bank of America | 5 (0%) |
| Ryan Levine | Citigroup | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Barclays | 2 | 17 (6%) |
| Goldman Sachs | 1 | 12 (0%) |
| JPMorgan | 1 | 12 (0%) |
| Scotiabank | 1 |
| 11 (0%) |
| Wolfe Research | 2 | 9 (0%) |
| Mizuho Securities | 1 | 9 (0%) |
| Morgan Stanley | 1 | 8 (0%) |
| Wells Fargo | 1 | 6 (17%) |
FirstEnergy delivered full-year operating EPS of $2.63, exceeding the guided range of $2.56-$2.62, with Q4 revenue up 6.2% and EPS rising 16.1%. The company secured 4.2 GW of executed data center contracts and grew its pipeline to 17 GW total, while Energize365 deployed $4.8 billion in capital for the year. New FY2026 guidance of $2.72-$2.88 was introduced, representing 6-9% growth, and the forward-year introduction added 1 point for a final score of 8.
Regulation Policy | Capex Investment | Capital Allocation | Guidance Reliability | Demand | Cloud & AI | Margin | Revenue Growth | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 2 | 5 | 2 | 2 | 1 | 3 | |
| 2025Q1 | 12 | 4 | 3 | 2 | 2 | 2 | 2 | |
| 2025Q2 | 7 | 9 | 2 | 1 | 2 | 3 | 2 | |
| 2025Q3 | 7 | 8 | 1 | 3 | 4 | 3 | 1 | 2 |
| 2025Q4 | 8 | 7 | 3 | 3 | 1 | 1 | 3 | 2 |
| 2026Q1 | 8 | 3 | 1 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Regulation Policy | 5 | 12 | 7 | 7 | 8 | 8 |
| Capex Investment | 2 | 4 | 9 | 8 | 7 | 3 |
| Capital Allocation | 5 | 2 | 1 | 3 | 1 | |
| Guidance Reliability | 2 | 3 | 1 | 3 | 3 | |
| Demand | 2 | 2 | 2 | 4 | 1 | |
| Cloud & AI | 2 | 3 | 3 | 1 | 2 | |
| Margin | 1 | 2 | 2 | 1 | 3 | 1 |
| Revenue Growth | 3 | 2 | 2 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
FE FirstEnergy | 7 | +11.6% | |
| AEE Ameren | 7 | +3.8% | |
| AEP American Electric Power | 5 | +6.8% | |
| CMS CMS Energy | 6 | +11.6% | |
| CNP CenterPoint Energy | 5 | +1.9% | |
| D Dominion Energy | 7 | +23.1% | |
| DTE DTE Energy | 7 | +15.8% | |
| DUK Duke Energy | 8 | +11.3% | |
| ED Consolidated Edison | 6 | +6.2% | |
| EIX Edison International | 6 | +7.7% | |
| ES Eversource Energy | 6 | +9.4% | |
| ETR Entergy | 8 | +12.0% | |
| EVRG Evergy | 7 | +5.5% | |
| EXC Exelon | 6 | +7.9% | |
| LNT Alliant Energy | 5 | +5.0% | |
| NEE NextEra Energy | 6 | +7.3% | |
| PCG PG&E Corporation | 8 | +15.0% | |
| PEG Public Service Enterprise Group | 9 | +19.4% | |
| PNW Pinnacle West | 8 | +11.4% | |
| PPL PPL Corporation | 7 | +10.8% | |
| SO Southern Company | 6 | +8.0% | |
| WEC WEC Energy Group | 7 | +9.0% | |
| XEL Xcel Energy | 6 | +2.9% |