FirstEnergy Corp ( (FE) ) has released its Q2 earnings. Here is a breakdown of the information FirstEnergy Corp presented to its investors.
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FirstEnergy Corp. is a major utility company operating in the electric power sector, providing electricity to over 6 million customers across several states in the U.S. including Ohio, Pennsylvania, and New Jersey.
In its latest earnings report, FirstEnergy Corp. announced a strong financial performance for the second quarter of 2025, with GAAP earnings of $0.46 per share and Core Earnings of $0.52 per share, surpassing expectations. The company also reported a significant increase in year-to-date Core Earnings, up 19% compared to the previous year.
Key financial highlights include a revenue of $3.4 billion for the second quarter, an increase from the previous year, and a substantial deployment of $2.5 billion in capital investments aimed at enhancing customer service and infrastructure. The company reaffirmed its full-year Core Earnings guidance, targeting the upper half of the $2.40 to $2.60 per share range, and projected a 6-8% compounded annual growth rate through 2029.
The growth in Core Earnings was driven by new base rates in Pennsylvania and increased transmission rate base, although these were partially offset by reduced customer demand due to milder weather. The company continues to focus on its Energize365 program, a $28 billion investment plan aimed at improving the reliability and resilience of its electric system.
Looking ahead, FirstEnergy’s management remains optimistic about achieving stable growth and financial strength, supported by strategic investments and operational efficiencies. The company is well-positioned to meet its financial targets and continue delivering value to its shareholders.