The earnings call reflects strong financial performance and strategic investments with robust growth in capital deployment and data center expansion. However, challenges remain with regulatory uncertainties and system reliability due to severe weather.

Company Guidance

During the FirstEnergy Corp Second Quarter 2025 Earnings Conference Call, the company provided detailed guidance on their financial and operational performance. They reported GAAP earnings of $0.46 per share for the second quarter, up from $0.08 in the same period last year, and core earnings of $0.52 per share, slightly higher than last year's $0.51. FirstEnergy is on track to achieve core earnings in the upper half of their 2025 guidance range of $2.40 to $2.60 per share. The company highlighted a strong investment strategy, with $2.5 billion already invested in infrastructure through Energize 365 in the first half of the year, and a plan to deploy $5 billion in capital for 2025. They also announced a five-year, $28 billion capital investment plan through 2029. Transmission investments are a key focus, with expectations of a 15% compound annual growth rate in rate base through 2029. FirstEnergy is also targeting a shareholder return opportunity of 10% to 12%. The call also addressed their strategic regulatory and legislative activities, particularly in Pennsylvania and West Virginia, where significant investments are planned.

Strong Second Quarter Earnings

GAAP earnings for the second quarter were $0.46 per share compared to $0.08 in the second quarter of 2024. Core earnings were $0.52 per share compared to $0.51 in the second quarter of the previous year.

Record Capital Investment

FirstEnergy invested $2.5 billion in infrastructure through Energize 365 in the first half of 2025 and is on track to deploy $5 billion in capital this year, aiming for a $28 billion capital investment plan through 2029.

Data Center Growth Surge

The data center pipeline increased over 80% to 11.1 gigawatts from 6.1 gigawatts since February 2025. Contracted data center load through 2029 increased approximately 25% since February to 2.7 gigawatts.

Transmission Investment Opportunities

Organic investments in the transmission system are expected to drive rate base growth at a 15% compound annual growth rate between now and 2029, with annual transmission CapEx expected to grow from $2.4 billion to $3.4 billion.

Financial Discipline and Improved Cost Structure

Operating expenses were nearly 4% lower than planned, reflecting a focus on financial discipline and continuous improvement.

FirstEnergy (FE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.78 / -	0.85	―	―	―
Jul 30, 2025	2025 (Q2)	0.49 / 0.52	0.56	-7.14% (-0.04)
Apr 23, 2025	2025 (Q1)	0.61 / 0.67	0.55	21.82% (+0.12)
Feb 26, 2025	2024 (Q4)	0.71 / 0.67	0.62	8.06% (+0.05)
Oct 29, 2024	2024 (Q3)	0.90 / 0.85	0.88	-3.41% (-0.03)
Jul 30, 2024	2024 (Q2)	0.56 / 0.56	0.47	19.15% (+0.09)
Apr 25, 2024	2024 (Q1)	0.54 / 0.55	0.6	-8.33% (-0.05)
Feb 08, 2024	2023 (Q4)	0.60 / 0.62	0.5	24.00% (+0.12)
Oct 26, 2023	2023 (Q3)	0.85 / 0.88	0.79	11.39% (+0.09)
Aug 01, 2023	2023 (Q2)	0.45 / 0.47	0.53	-11.32% (-0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$41.36	$42.27	+2.20%
Apr 23, 2025	$41.70	$41.42	-0.67%
Feb 26, 2025	$42.17	$37.75	-10.48%
Oct 29, 2024	$41.08	$40.45	-1.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does FirstEnergy (FE) report earnings?

FirstEnergy (FE) is schdueled to report earning on Oct 23, 2025, After Close (Confirmed).

What is FirstEnergy (FE) earnings time?

FirstEnergy (FE) earnings time is at Oct 23, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FE EPS forecast?

FE EPS forecast for the fiscal quarter 2025 (Q3) is 0.78.

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