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

Reuters
Oct 23, 2025
FirstEnergy Q3 revenue beats estimates, raises FY25 capex program by 10%

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.)

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