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

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.)