FirstEnergy Q3 revenue beats estimates, raises FY25 capex program by 10%

FirstEnergy

22/10/2025 21:32

Overview

FirstEnergy Q3 2025 revenue beats analyst expectations, per LSEG data

Core Earnings per share for Q3 2025 increased 9% yr/yr to $0.83

Company narrows full-year 2025 Core Earnings guidance to $2.50-$2.56 per share

Outlook

FirstEnergy narrows 2025 Core Earnings guidance to $2.50-$2.56 per share

Company increases 2025 capital program by 10% to $5.5 bln

FirstEnergy affirms 6-8% annual Core Earnings growth from 2025-2029

Result Drivers

NEW BASE RATES - Core Earnings benefited from new base rates in Pennsylvania, contributing to increased earnings

TRANSMISSION INVESTMENTS - Growth in transmission rate base under formula rate programs supported earnings

INDUSTRY TRANSFORMATION - Strategic advantage of transmission system in PJM region to support future investments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$4.09 bln
$3.88 bln (6 Analysts)
Q3 EPS
$0.76
Q3 Net Income
$441 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 9 "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 $47.50, about 0.9% above its October 21 closing price of $47.08

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nPnbp6f5pa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)