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FirstEnergy (FE)
NYSE:FE
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.71Last Year’s EPS
0.62Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -9.94%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with significant achievements in regulatory approvals, investments, and improved credit ratings, but also challenges from external factors like weather-related sales declines and interest rate impacts. The company is focused on maintaining financial discipline and driving future growth.Company Guidance
In the Fourth Quarter 2024 Earnings Conference Call, FirstEnergy Corp. provided guidance for the upcoming year, highlighting key financial metrics and strategic goals. For 2024, FirstEnergy reported GAAP earnings of $1.70 per share and operating earnings of $2.63 per share, within the forecasted guidance range. Looking ahead to 2025, the company introduced a core earnings per share guidance range of $2.40 to $2.60, reflecting a 5.5% growth from the previous year. The company plans to invest $5 billion in its regulated properties in 2025, marking an 11% increase over 2024, with a focus on grid modernization and reliability enhancements. FirstEnergy's comprehensive capital investment program, Energize365, anticipates a $28 billion investment through 2029, aiming for a 9% compounded annual rate-based growth. The company also achieved a total of 40 ratings upgrades in 2024 and maintained its investment-grade status across subsidiaries. FirstEnergy's strategy emphasizes financial discipline, regulatory commitments, and sustainable growth, with a forecasted core earnings compounded annual growth rate of 6% to 8% for the 2025-2029 period.Record Earnings and Growth in Core Earnings
FirstEnergy reported 2024 GAAP earnings of $1.70 per share and operating earnings of $2.63 per share, within the forecasted guidance range. Core earnings grew by 33% from 2022 to 2024, highlighting the strength of their regulated operations.
Significant Regulatory Achievements
Over the past 18 months, FirstEnergy completed rate reviews in four of its five states, resulting in a net annual revenue increase of approximately $450 million. The Pennsylvania Commission approved a $225 million base rate case settlement.
Investment and Infrastructure Advances
FirstEnergy invested $4.5 billion in 2024, surpassing their original plan by 5%. The Energize365 program aims to invest $28 billion through 2029, representing an 8% increase from their previous five-year plan.
Improved Credit Ratings
FirstEnergy achieved a total of 40 ratings upgrades in 2024, more than doubling the number of upgrades in the entire U.S. electric utility sector in 2023. All subsidiaries are now investment grade.
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FE Earnings History
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
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FE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $43.05 | $38.54 | -10.48% |
| Oct 29, 2024 | $41.94 | $41.30 | -1.53% |
| Jul 30, 2024 | $40.52 | $40.63 | +0.27% |
| Apr 25, 2024 | $36.98 | $36.56 | -1.14% |
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.
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FAQ
When does FirstEnergy (FE) report earnings?
FirstEnergy (FE) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is FirstEnergy (FE) earnings time?
FirstEnergy (FE) earnings time is at Feb 26, 2025, TBA Not 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 2024 (Q4) is 0.71.
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