FirstEnergy Q2 revenue, adjusted EPS exceeds expectations

FirstEnergy

30/07/2025 21:30

Overview

FirstEnergy Q2 2025 revenue of $3.4 bln beats analyst expectations, per LSEG data

Adjusted EPS of $0.52 exceeds estimates, per LSEG data

Company affirms 2025 Core Earnings guidance, targeting upper half of range

Outlook

FirstEnergy affirms 2025 Core Earnings guidance of $2.40-$2.60 per share

Company targets upper half of 2025 Core Earnings guidance range

FirstEnergy projects 6-8% annual Core Earnings growth through 2029

Result Drivers

NEW BASE RATES - Core Earnings benefited from new base rates in Pennsylvania, effective Jan. 1, 2025

TRANSMISSION RATE BASE - 14% growth in transmission rate base supported earnings in Integrated segment

MILDER TEMPERATURES - Milder temperatures reduced customer demand by nearly 3% in Q2 2025

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$3.40 bln
$3.34 bln (5 Analysts)
Q2 Adjusted EPS
Beat
$0.52
$0.49 (12 Analysts)
Q2 EPS
$0.46
Q2 Net Income
$268 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy."

Wall Street's median 12-month price target for FirstEnergy Corp is $44.36, about 5.8% above its July 29 closing price of $41.80

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nPn7gkgQYa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)