Hi David,
Thank you for your reply. Please see my comments to your questions below.
1) Yes I am already using the "NXP GUI for Automotive PMIC."
2) I only have FS26 listed as a target on the GUI not FS26-CO. Is that an issue?

3) How am I meant to access the file location you provided? On my end it is just a file path with no link. Although, I do not believe the FRDM-KL25Z board FW is the issue. I have been able to enable/disable rails via the Regulators tab in the GUI (shown below). To me this indicates that I can successfully communicate with the FS26 from the GUI.
4) Yes the device matches the configuration you show. I have confirmed I am correctly connecting to the KL25Z USB port and not "OpenSDA."
5) Yes it is, see image below showing FS26 in green and the Regulators tab mentioned above.

Please advise how to correctly configure the various output regulators. Specifically their output voltage.
Regards,
Garrett