FE Q2 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

FirstEnergy posted a solid second quarter, with adjusted earnings per share of $0.52 clearing the $0.49 consensus estimate by 6.89%, even as revenue of $3.38 billion came in fractionally below the $3.39 billion forecast despite rising 3.0% year over … Read more FirstEnergy posted a solid second quarter, with adjusted earnings per share of $0.52 clearing the $0.49 consensus estimate by 6.89%, even as revenue of $3.38 billion came in fractionally below the $3.39 billion forecast despite rising 3.0% year over year. The primary engine behind the earnings beat was the company's Pennsylvania Distribution segment, where new base rates effective January 1, 2025, combined with lower operating expenses, lifted Distribution Core EPS by $0.06 year over year to $0.28. A 14% increase in transmission rate base also provided meaningful support, helping the Integrated segment hold steady despite milder weather that pulled total wires sales down 2.7% to 34,510 GWh. On the capital front, FirstEnergy deployed $2.50 billion through mid-year, running 29% ahead of the prior year pace under its Energize365 program, a cadence consistent with the broader utility sector's acceleration in infrastructure spending fueled by surging data center load demand, which now stands at more than 11 GW in the company's pipeline beyond 2029. Management reaffirmed full-year 2025 Core Earnings guidance of $2.40 to $2.60 per share, targeting the upper half of the range, while projecting 6% to 8% annual growth through 2029.