FirstEnergy Q2 revenue, adjusted EPS exceeds expectations

Reuters
Jul 31
FirstEnergy <a href="https://laohu8.com/S/QTWO">Q2</a> revenue, adjusted EPS exceeds expectations

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.)

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