FirstEnergy's earnings call presented a picture of strong financial performance and substantial investment in infrastructure and data center growth. However, challenges remain with capacity auction outcomes and regulatory transitions. Despite these issues, the company is positioned well for future growth, with a focus on transmission expansion and financial discipline.

Company Guidance -

Q3 2025

During the FirstEnergy Corp Second Quarter 2025 Earnings Conference Call, the company provided guidance indicating strong financial performance and strategic progress. Key financial metrics included a second-quarter GAAP earnings per share (EPS) of $0.46, up from $0.08 in the same quarter of 2024, and core EPS of $0.52 compared to $0.51 last year. FirstEnergy is on track to achieve core earnings in the upper half of its 2025 guidance range of $2.40 to $2.60 per share, supported by a $5 billion capital investment plan for 2025 and a broader $28 billion plan through 2029. Investments focus on enhancing system resiliency and reliability, with $2.5 billion already spent in the first half of 2025. The company also highlighted a 15% compound annual growth rate in transmission rate base expected through 2029. Additionally, FirstEnergy's data center load pipeline increased over 80% to 11.1 gigawatts since February 2025. The company reaffirmed its commitment to maintaining a strong balance sheet with a target funds from operations (FFO) to debt ratio of 14% or more through 2029 and no new equity needs anticipated in the current plan.

Strong Financial Performance

Core earnings for the second quarter were $0.52 per share, up from $0.51 in the same period last year. GAAP earnings increased substantially to $0.46 per share from $0.08 in the second quarter of 2024.

Significant Investments in Infrastructure

FirstEnergy has invested $2.5 billion in infrastructure through the first six months of 2025 and is on track to deploy $5 billion in capital for the year, with a $28 billion capital investment plan through 2029.

Data Center Growth

The long-term pipeline for data center load has increased over 80% to 11.1 gigawatts since February, with contracted data center load through 2029 increasing approximately 25%.

Transmission System Expansion

FirstEnergy expects its transmission rate base to grow at a 15% compound annual growth rate by 2029, with a 20% increase in transmission investment anticipated in the next five-year plan.

Debt Issuance Success

FirstEnergy completed six subsidiary debt transactions totaling $1.6 billion, with investor demand strong enough to oversubscribe transactions by over 9x.

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

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FE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.77 / -	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 Corp (FE) report earnings?

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

What is FirstEnergy Corp (FE) earnings time?

FirstEnergy Corp (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 0.77.

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