FEFirstEnergy

                                                                                
  Exhibit 99.1                                                                  
                                                                                
                                                                                
  FirstEnergy Corp.                                                             
                                                                                
                                                                                
  For Release                                                                   
                                                                                
: Oct. 27, 2026

341 White Pond

Akron, Ohio 44320
                                                                                
  www.firstenergycorp.com                                                       
                                                                                
News Media Contact: Investor Contact:

Michon Ellis Karen Sagot

(312) 330-3733 (330) 761-4286
               FIRSTENERGY DELIVERS STRONG THIRD QUARTER RESULTS,               
                                                                                
                      BUILDS MOMENTUM FOR LONG-TERM GROWTH                      
                                                                                
        Reports third quarter 2026 GAAP earnings of $0.96 per share and         
                                                                                
                  Core Earnings (non-GAAP) of $0.98 per share                   
                                                                                
   Reports year-to-date GAAP earnings of $2.16 per share and Core Earnings of   
                                                                                
                $2.20 per share, a 9% increase compared to 2025                 
                                                                                
    Reaffirms 2026 Core Earnings guidance range of $2.62 to $2.82 per share     
                                                                                
             and expects results at or slightly above the midpoint              
                                                                                
Reaffirms Core Earnings compound annual growth rate near the top end of 6% to 8%
                                 through 2030,                                  
                                                                                
         supported by a $36 billion, five-year capital investment plan          
                                                                                
  AKRON, Ohio                                                                   
                                                                                
– FirstEnergy Corp. (NYSE: FE) today reported third quarter 2026 GAAP earnings
of $557 million, or $0.96 per basic and diluted share, on revenue of $4.6
billion, compared with GAAP earnings of $441 million, or $0.76 per basic and
diluted share, on revenue of $4.1 billion in the third quarter of 2025. GAAP
results include the impact of special items listed below.

Core Earnings (non-GAAP) for the third quarter of 2026 were $0.98 per share,
compared with $0.83 per share in the third quarter of 2025. Results reflect
continued implementation of FirstEnergy’s investment strategy, financial
discipline and improved operations across the company’s service territory.

For the first nine months of 2026, FirstEnergy reported GAAP earnings of $1.3
billion, or $2.16 per basic and diluted share, on revenue of $12.4 billion. This
compares with GAAP earnings of $1.1 billion, or $1.85 per basic and diluted
share, on revenue of $11.3 billion for the first nine months of 2025.
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Year-to-date Core Earnings through September 30, 2026, were $2.20 per share, a
9% increase from $2.02 per share in the same period of 2025.

Brian X. Tierney, FirstEnergy Board Chairman, President and Chief Executive
Officer: “We're delivering on our commitments while positioning FirstEnergy for
the next phase of growth. Our strong execution gives us confidence in our long-
term outlook. We’re taking steps necessary to deliver value for our customers
and shareholders.”
                                                                                
  Outlook                                                                       
                                                                                
FirstEnergy reaffirmed its 2026 Core Earnings guidance range of $2.62 to $2.82
per share and expects results at or slightly above the midpoint.

Underpinning the company's growth is its five-year, $36 billion Energize365
capital investment, which will modernize the grid, renew distribution
infrastructure and strengthen transmission reliability. In the first nine months
of 2026, FirstEnergy deployed $4.9 billion to advance Energize365.

The long-term outlook continues to reflect a Core Earnings compound annual
growth rate near the top end of the 6% to 8% range through 2030. Opportunities
to support new generation and additional transmission investment have the
potential to meaningfully increase the company’s investment and earnings growth
profile.

Expanding Generation Opportunities in West Virginia

FirstEnergy is moving to expand generation in West Virginia as electricity
demand grows across the state, creating new opportunities to serve customers and
support economic development.

The company has secured turbines through a reservation agreement with Siemens
for the proposed Maidsville Energy Center, with delivery expected in 2030. It is
pursuing approval from the West Virginia Public Service Commission for the
combined cycle gas generating facility, with a final order projected in the
fourth quarter of 2026.

Tierney added: “Maidsville is an important investment on its own, but we see it
as the first of a broader set of opportunities in West Virginia. The state has
the potential to become a major center for new electricity generation, and
FirstEnergy is taking strategic steps to capture that opportunity. We're working
with prospective customers, advancing new generation projects and securing the
equipment needed to move forward. Our focus is on meeting growing demand while
protecting existing customers and delivering lasting economic benefits for the
communities we serve.”
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  Transmission: A Foundation for Long-Term Growth                               
                                                                                
Transmission remains a foundational component of FirstEnergy's business and
investment strategy. With a transmission network in the heart of PJM, which
serves more than 65 million people, FirstEnergy plays a critical role in
connecting the grid and delivering power where it is needed.

Growing electricity demand is creating opportunities for additional transmission
investment. Across its service territory, FirstEnergy has 7.9 gigawatts of
contracted demand from large-load customers, nearly double since the beginning
of the year, and is in active negotiations for approximately 4 gigawatts of
additional load.

These demands, together with the critical infrastructure needed to support the
regional grid, are expected to drive at least a 25% increase in the company’s
current $19 billion 2026–2030 transmission investment plan when it rolls forward
to 2027–2031.

Consolidated GAAP Earnings Per Share (EPS) to Core (Non-GAAP) EPS Reconciliation
                                                                                
                           Three Months                  Nine Months            
                        Ended September              Ended September            
                                    30,                          30,            
                                   2026     2025                2026      2025  
  Earnings                                                                      
  Attributable to                                                               
  FirstEnergy                      $557     $441              $1,250    $1,069  
  Corp. (GAAP) -                                                                
  $M                                                                            
  Basic EPS (GAAP)                $0.96    $0.76               $2.16     $1.85  
  Net Pension/OPEB                -0.02    -0.01               -0.07     -0.04  
  credits                                                                       
  ARO regulatory                      —        —               -0.01         —  
  change                                                                        
  Debt-related                        —        —                   —      0.03  
  costs                                                                         
  Investigation                                                                 
  and other                        0.03     0.05                0.11      0.09  
  related costs                                                                 
  Regulatory                          —     0.01                   —      0.01  
  charges                                                                       
  Reorganization                   0.01        —                0.01      0.06  
  costs                                                                         
  Strategic                                                                     
  transaction                         —     0.02                   —      0.02  
  costs                                                                         
  Total Special                    0.02     0.07                0.04      0.17  
  Items                                                                         
  Core EPS                        $0.98    $0.83               $2.20     $2.02  
  (Non-GAAP)                                                                    
                                                                                
                                                                                
  Non-GAAP Financial Measures                                                   
                                                                                
We refer to certain financial measures, including Core Earnings (non-GAAP) per
share ("Core EPS"), as "non-GAAP financial measures," which are not calculated
in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") and
exclude the impact of "special items" from earnings attributable to FirstEnergy
Corp., as reflected in the table above. Core EPS is calculated based on the
weighted average number of common shares outstanding in the respective period.

Management uses non-GAAP financial measures, including Core EPS, to evaluate the
company's and its segments' performance and manage its operations and frequently
references such non-GAAP financial measures in its decision-making, using them
to facilitate historical and ongoing performance comparisons. Management
believes that Core EPS provides consistent and comparable measures of
performance of its businesses on an ongoing basis. Management also believes that
this measure is useful to shareholders and other interested parties to
understand performance trends and evaluate the company against its peer group by
presenting period-over-period operating results without the effect of certain
special items that may not be consistent or comparable across periods or across
the company's peer group. Core EPS and any other non-GAAP financial measures are
intended to complement, and are not considered as alternatives to, the most
directly comparable GAAP financial measures, which for Core EPS is EPS
attributable to FirstEnergy Corp.
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(GAAP), as reconciled in the above table. Also, such non-GAAP financial measures
may not be comparable to similarly titled measures used by other entities.

Special items represent charges incurred or benefits realized that management
believes are not indicative of or may obscure trends useful in evaluating the
company's ongoing core activities and results of operations or otherwise warrant
separate classification. More detail on special items for the period can be
found in the Company's Strategic and Financial Highlights, available at the
company's Investor Information website – www.firstenergycorp.com/ir .
                                                                                
  Forward-Looking Non-GAAP Measures                                             
                                                                                
A quantitative reconciliation of forward-looking non-GAAP measures, including
2026 Core EPS and Core EPS Compound Annual Growth Rate (“CAGR”) projections, to
the most directly comparable GAAP measures is not provided because comparable
GAAP measures for such measures are not available without unreasonable efforts
due to the inherent difficulty in forecasting and quantifying measures that
would be necessary for such reconciliation. Specifically, management cannot,
without unreasonable effort, predict the impact of these special items in the
context of Core EPS guidance and Core EPS CAGR projections because these items,
which could be significant, are difficult to predict and may be highly variable.
In addition, the company believes such a reconciliation would imply a degree of
precision and certainty that could be confusing to investors. Forward-looking
statements, including these special items, are based upon current expectations
and are subject to factors that could cause actual results to differ materially
from those suggested here, including those factors set forth under "Forward-
Looking Statements," below.
                                                                                
  Investor Materials and Teleconference                                         
                                                                                
FirstEnergy's Strategic and Financial Highlights presentation is posted on the
company's Investor Information website – www.firstenergycorp.com/ir . It can be
accessed through the Third Quarter 2026 Financial Results link. Important
information may be disseminated initially or exclusively via the company's
Investor Information website; investors should consult the site to access this
information.

The company invites investors, customers and other interested parties to listen
to a live webcast of its teleconference for financial analysts and view
presentation slides at
                                                                                
  9 a.m. EDT tomorrow, Oct. 28, 2026                                            
                                                                                
. FirstEnergy management will present an overview of the company's financial
results followed by a question-and-answer session. The teleconference and
presentation can be accessed on the Investor Information website by selecting
the Third Quarter 2026 Earnings Webcast link. The webcast and presentation will
be archived on the website.

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. FirstEnergy's
transmission subsidiaries operate more than 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 .

Forward-Looking Statements: This news release includes forward-looking
statements based on information currently available to management. Unless the
context requires otherwise, references to “we,” “us,” “our” and “FirstEnergy”
refer to FirstEnergy Corp. and its subsidiaries. Such statements are subject to
certain risks and uncertainties and readers are cautioned not to place undue
reliance on these forward-looking statements. These statements include
declarations regarding
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management's intents, beliefs and current expectations. These statements
typically contain, but are not limited to, the terms “anticipate,” “potential,”
“expect,” "forecast," "target," "will," "intend," “believe,” "project,"
“estimate," "plan" and similar words. Forward-looking statements involve
estimates, assumptions, known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements, which may include the following: the
potential liabilities, increased costs and unanticipated developments resulting
from government investigations and agreements, including those associated with
compliance with or failure to comply with the Deferred Prosecution Agreement
entered into July 21, 2021 and settlements with the U.S. Attorney’s Office for
the Southern District of Ohio and the Securities and Exchange Commission
(“SEC”); the risks and uncertainties associated with litigation, including the
securities class action lawsuit, regulatory proceedings, arbitration, mediation
and similar proceedings; changes in national and regional economic conditions
affecting us and/or our customers and the vendors with which we do business,
including geopolitical conflicts, recession, volatile interest rates,
inflationary pressures, supply chain disruptions, higher fuel costs, and
workforce impacts; variations in weather, such as mild seasonal weather
variations and severe weather conditions (including events caused, or
exacerbated, by climate change, such as wildfires, hurricanes, flooding,
droughts, high wind events and extreme heat events) and other natural disasters,
which may result in increased storm restoration expenses or material liability
and negatively affect future operating results; the potential liabilities and
increased costs arising from regulatory actions or outcomes in response to
severe weather conditions and other natural disasters; legislative and
regulatory developments, and executive orders, including, but not limited to,
matters related to rates, generation resource adequacy, co-location of
generation and large loads, and compliance and enforcement activity; the ability
to access the public securities and other capital and credit markets in
accordance with our financial plans, the cost of such capital and overall
condition of the capital and credit markets, including the loss of FirstEnergy
Corp.’s status as a well-known seasoned issuer; the risks associated with
physical attacks, such as acts of war, terrorism, sabotage or other acts of
violence, and cyber-attacks and other disruptions to our, or our vendors’,
information technology systems, which may compromise our operations, and data
security breaches of sensitive data, intellectual property and proprietary or
personally identifiable information; the ability to accomplish or realize
anticipated benefits through establishing a culture of continuous improvement
and our other strategic and financial goals, including, but not limited to,
executing Energize365, our transmission and distribution investment plan,
executing on our rate filing strategy, controlling costs, improving credit
metrics, maintaining investment grade ratings, strengthening our balance sheet
and growing earnings; changing market conditions affecting the measurement of
certain liabilities and the value of assets held in our pension trusts may
negatively impact our forecasted growth rate, results of operations and may also
cause it to make contributions to its pension plans sooner or in amounts that
are larger than currently anticipated; changes in assumptions regarding factors
such as economic conditions within our territories, the reliability of our
transmission and distribution system, our generation resource planning in West
Virginia, or the availability of capital or other resources supporting
identified transmission and distribution investment opportunities; human capital
management challenges, including among other things, attracting and retaining
appropriately trained and qualified employees and labor disruptions by our
unionized workforce; changes to environmental laws and regulations, including,
but not limited to, federal and state rules related to climate change, coal
combustion residuals, and potential changes to such laws and regulations;
changes in customers’ demand for power, including, but not limited to, economic
conditions, development of data centers, the impact of climate change and
emerging technology, particularly with respect to electrification, energy
storage, co-location of generation and large loads, and distributed sources of
generation; future actions taken by credit rating agencies that could negatively
affect either our access to or terms of financing or our financial condition and
liquidity; the potential of non-compliance with debt covenants in our credit
facilities; the ability to comply with applicable reliability standards and
energy efficiency and peak demand reduction mandates; changes to significant
accounting policies; any changes in tax laws or regulations, including, but not
limited to, the Inflation Reduction Act of 2022, the One Big Beautiful Bill Act
of 2025, as signed into law on July 4, 2025, or adverse tax audit results or
rulings and potential changes to such laws and regulations; the ability to meet
our publicly-disclosed goals relating to climate-related matters, opportunities,
improvements, and efficiencies, including FirstEnergy’s greenhouse gas reduction
goals; and the risks and other factors discussed from time to time in
FirstEnergy Corp.’s SEC filings. Dividends declared from time to time on
FirstEnergy Corp.’s common stock during any period may in the aggregate vary
from prior periods due to circumstances considered by the FirstEnergy Corp.
Board at the time of the actual declarations. A security rating is not a
recommendation to buy or hold securities and is subject to revision or
withdrawal at any time by the assigning rating agency. Each rating should be
evaluated independently of any other rating. These forward-looking statements
are also qualified by, and should be read together with, the risk factors
included in FirstEnergy Corp.’s Form 10-K, Form 10-Q and in other filings with
the SEC. The foregoing review of factors also should not be construed as
exhaustive. New factors emerge from time to time, and it is not possible for
management to predict all such factors, nor assess the impact of any such factor
on FirstEnergy Corp.’s business or the extent to which any factor, or
combination of factors, may cause results to differ materially from those
contained in any forward-looking statements. FirstEnergy Corp. expressly
disclaims any obligation to update or revise, except as required by law, any
forward-looking statements contained herein or in the information incorporated
by reference as a result of new information, future events or otherwise.
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