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FirstEnergy Corp (FE)
NYSE:FE
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.71Last Year’s EPS
0.67Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive outlook: management reported solid 2025 financial results (core EPS +7.6%), improved reliability metrics, strong cash flow, a constructive ratings action, and announced an accelerated $36B five‑year capital plan that supports targeted earnings growth (6%–8% CAGR). Key lowlights were execution and timing risks tied to the large CapEx ramp, substantial asset renewal needs, regulatory and PJM dependencies, and affordability/policy pressures in several jurisdictions. On balance, the highlights (growth, cash generation, ratings upgrade, disciplined financing and cost savings) materially outweigh the identified risks, though successful execution and regulatory approvals will be critical to realize the plan.Company Guidance
Core EPS Growth
Core earnings per share of $2.55 in 2025, a 7.6% increase versus 2024 and ~2% above the company’s original guidance midpoint; positions company to deliver a targeted core EPS CAGR near the top end of 6%–8% from 2026–2030.
GAAP Earnings and ROE Improvement
2025 GAAP earnings per share of $1.77 versus $1.70 in 2024 (≈4.1% increase); consolidated earned ROE of 9.8% on $27.8B rate base versus 9.4% on $25.6B in 2024 (40 bps improvement).
Aggressive Five-Year Capital Program
Announced a $36,000,000,000 five-year capital investment program (nearly 30% increase vs prior five-year plan) focused on reliability and resiliency, with ~$19,000,000,000 targeted to transmission (a ~35% increase vs prior plan).
Strong 2025 CapEx Execution and Cash Flow
Deployed $5.6B in customer-focused capital investments in 2025 (≈25% above 2024 and ~12% above original plan); cash from operations of $3.7B, more than $800M above 2024 levels; cash from operations expected to fund ~65% of total investment plan.
Improved Reliability Metrics
Distribution reliability metrics improved ~10% systemwide versus 2024, with notable year‑over‑year improvements in New Jersey and Pennsylvania where commission‑approved programs are in place.
Balance Sheet and Financing Progress
Completed $3.4B of subsidiary debt issuances and a $2.5B convertible debt transaction in 2025; debt financing plan includes $16B of new long‑term debt, FE Corp debt share reduced to ~20% of total debt (from 25% prior); equity needs limited to up to $2.0B over the plan (including $100M annual DRIP).
Positive Credit Action and Cost Discipline
Constructive regulatory outcomes in Ohio contributed to an S&P upgrade to BBB (senior unsecured); company cites baseline O&M savings of ~15% (over $200M) since 2022, supporting affordability and disciplined execution.
Data Center and Incremental Growth Opportunities
13 GW data center pipeline through 2035 (with active and contracted customers); planned 1.2 GW combined‑cycle CCGT in West Virginia ($2.5B project to be added to plan upon approval) would raise consolidated rate base CAGR from 10% to ~11% and unlock further regional generation/transmission opportunities.
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
FE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $49.35 | $48.94 | -0.83% |
Oct 22, 2025 | $46.39 | $45.63 | -1.63% |
Jul 30, 2025 | $40.57 | $41.47 | +2.20% |
Apr 23, 2025 | $40.90 | $40.63 | -0.68% |
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 Apr 23, 2026, After Close (Confirmed).
What is FirstEnergy Corp (FE) earnings time?
FirstEnergy Corp (FE) earnings time is at Apr 23, 2026, 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 2026 (Q1) is 0.71.