FE Q3 2025 Earnings
Reported Oct 22, 2025 at 4:26 PM ET · SEC Source
Q3 25 EPS
$0.83
BEAT +8.03%
Est. $0.77
Q3 25 Revenue
$4.15B
BEAT +5.18%
Est. $3.94B
vs S&P Since Q3 25
-6.6%
TRAILING MARKET
FE +2.6% vs S&P +9.2%
Market Reaction
Did FE Beat Earnings? Q3 2025 Results
FirstEnergy posted a stronger-than-expected third quarter, with core earnings per share of $0.83 beating the $0.77 consensus estimate by 8.03% and revenue of $4.15 billion clearing expectations by 5.18%, representing 11.2% growth from the year-ago pe… Read more FirstEnergy posted a stronger-than-expected third quarter, with core earnings per share of $0.83 beating the $0.77 consensus estimate by 8.03% and revenue of $4.15 billion clearing expectations by 5.18%, representing 11.2% growth from the year-ago period. The utility's outperformance was anchored by new base rates in Pennsylvania, steady transmission rate base growth under formula rate programs, and a notable surge in residential and commercial load, the latter increasingly driven by contracted data center demand that has now reached 3.8 GW, with a pipeline of 11.7 GW nearly doubling since earlier this year. Wells Fargo recently initiated coverage of the stock with an Overweight rating, reflecting broader investor confidence in the company's infrastructure buildout. On the strength of year-to-date results, FirstEnergy narrowed its full-year 2025 core EPS guidance to $2.50 to $2.56, the upper half of its original range, while lifting its capital investment plan by 10% to $5.50 billion and reaffirming a 6% to 8% compound annual core EPS growth target through 2029.
Key Takeaways
- • New base rates in Pennsylvania effective January 1, 2025
- • Transmission rate base growth of 16% in Integrated segment and 9% in Stand-Alone Transmission
- • Higher residential and commercial load
- • Formula rate investment programs driving earnings growth
- • Strong financial discipline with YTD O&M favorable to plan
FE YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
FE Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our strong results reflect our team's unwavering focus on creating value for our customers and investors. We remain ahead of plan on each of our key financial metrics, and we are well-positioned to deliver 2025 Core Earnings between $2.50 to $2.56 per share. Our solid execution also allowed us to increase our 2025 capital program by 10% – putting even more resources into making energy service more reliable and resilient for our customers and fueling our communities' and company's growth. We are in a great position to continue making these important investments in the years ahead.”
— Brian X. Tierney, Q3 2025 Earnings Press Release
FE Earnings Trends
FE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FE EPS Trend
Earnings per share: estimate vs actual
FE Revenue Trend
Quarterly revenue: estimate vs actual
FE Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.72 | $0.72 | +0.63% | $4.20B | +9.44% |
| Q4 25 BEAT FY | $0.53 | $2.55 | +376.72% | $15.09B | +387.67% |
| FY Full Year | — | $2.55 | — | $15.09B | — |
| Q3 25 BEAT | $0.77 | $0.83 | +8.03% | $4.15B | +5.18% |
| Q2 25 BEAT | $0.49 | $0.52 | +6.89% | $3.38B | -0.27% |