FirstEnergy (FE) Q2 2025 Earnings Call July 31, 2025 09:00 AM ET Speaker0Hello, and welcome to the FirstEnergy Corp. Second Quarter twenty twenty five Earnings Conference Call. As a reminder, this conference is being recorded. It is now my pleasure to turn the call over to Karen Segoe, Vice President of Investor Relations. Please go ahead, Karen.Speaker1Thank you. Good morning, everyone, and welcome to FirstEnergy's second quarter twenty twenty five earnings review. Our earnings release, presentation slides ...

Focused on Our Future 2Q 2025 Strategic & Financial Highlights Published July 30, 2025 Forward-Looking Statements Forward-Looking Statements: This presentation includes forward-looking statements based on information currently available to management and unless the context requires otherwise, references to "we," "us," "our" and "FirstEnergy" refers to FirstEnergy Corp. and its subsidiaries. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance o ...

Core Insights - FirstEnergy reported revenue of $3.38 billion for the quarter ended June 2025, reflecting a 3.1% increase year-over-year, but fell short of the Zacks Consensus Estimate of $3.41 billion, resulting in a surprise of -1% [1] - The company's EPS was $0.52, down from $0.56 in the same quarter last year, but exceeded the consensus estimate of $0.50, leading to an EPS surprise of +4% [1] Financial Performance Metrics - Total Electric Distribution Deliveries were 34,510 MWh, below the two-analyst average estimate of 36,000.49 MWh [4] - Distribution revenues were reported at $1.68 billion, matching the two-analyst average estimate [4] - Stand-Alone Transmission revenues were $456 million, slightly below the average estimate of $467.85 million [4] - Consolidated external revenues were $3.38 billion, compared to the estimated $3.47 billion by two analysts [4] - Revenues from Total Corporate/Other & Reconciling Adjustments were -$12 million, better than the estimated -$13.29 million, but represented a -14.3% change compared to the year-ago quarter [4] - Integrated revenues were $1.26 billion, surpassing the average estimate of $1.21 billion [4] Stock Performance - FirstEnergy's shares returned +3.5% over the past month, slightly outperforming the Zacks S&P 500 composite's +3.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ | Commission | Registrants; | | | | I.R.S. Employer | | --- | --- | --- | --- | --- | --- | | File Numbers | Address ...

Exhibit 99.2 lergy Focused on Our Future 2Q 2025 Strategic & Financial Highlights Non-GAAP Financial Matters this gresentation contains references to certain financial measures including Baseline O&M and Core Earnings per share ("Core EPS") as "non-GAAP financial measures." which accordance with U.S. Generally Accepted Accounting Principles ("GAAP") and exclude the impact of "special items," from EPS attributable to FirstEnergy Corp. for Core EPS. Maragement uses these nor-G-A-P financial measures to evalua ...

Reports second quarter 2025 GAAP earnings of $0.46 per share and Core Earnings (non-GAAP) of $0.52 per share, ahead of plan Reports June 2025 year-to-date GAAP earnings of $1.09 per share and Core Earnings of $1.19 per share; represents a 19% increase in Core Earnings year-over-yearDeploys $2.5 billion in customer-focused capital investments through June, aligned with $5 billion 2025 investment plan and $28 billion 2025-2029 Energize365 program Affirms full-year 2025 Core Earnings guidance of $2.40 to $2.60 ...

Core Insights - A major upgrade is being implemented in East Akron to enhance electric service reliability for approximately 12,000 Ohio Edison customers, including Summa Akron City Hospital [1] - The upgrade involves expanding and modernizing a substation to reduce outages and improve restoration times [1][6] Infrastructure Improvements - The substation is expanding from about 142,000 square feet to approximately 176,000 square feet, equivalent to 37 NBA basketball courts [5] - The upgrade includes the installation of gas-insulated switchgear (GIS), which helps manage electricity safely and efficiently, extending equipment life and reducing outage risks [4] Temporary Solutions - A temporary setup known as a "shoo-fly" is being utilized to maintain power flow during construction, allowing for uninterrupted service to customers [2][6] Technological Advancements - New technology will enable the system to automatically detect issues and reroute electricity, minimizing the number of customers affected by outages and speeding up restoration [3] Strategic Investment - This project is part of FirstEnergy's Energize365 initiative, a $28 billion investment program aimed at modernizing the electric grid from 2025 to 2029 [7] - The goal of the initiative is to create a smarter and more secure grid that meets current and future customer needs [7]

Represents 2025 annual rate of $1.78 per share, pending continued Board approvalAKRON, Ohio, July 23, 2025 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE: FE) today declared a quarterly dividend of $0.445 per share of outstanding common stock payable September 1, 2025, to shareholders of record at the close of business on August 7, 2025.Subject to continued Board approval, FirstEnergy expects to declare dividends totaling $1.78 per share in 2025. This compares to declared dividends of $1. ...

Wall Street expects a year-over-year decline in earnings on higher revenues when FirstEnergy (FE) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business condi ...

Core Viewpoint - FirstEnergy Corporation (FE) is set to release its second-quarter 2025 results on July 30, with an earnings surprise of 11.7% in the previous quarter [1] Factors Impacting Q2 Performance - In June 2025, FirstEnergy's subsidiary completed its third utility-scale solar site in West Virginia, producing up to 5.75 megawatts (MW) of renewable power, which is expected to positively impact Q2 results [2] - The deployment of Advanced Light Detection and Ranging (LiDAR) technology across 7,100 miles of high-voltage power lines is anticipated to enhance service reliability and performance in the upcoming quarter [3] - In April 2025, enhancements to the energy delivery system in Pennsylvania, including the replacement of over 40 wood poles and other equipment, aimed to minimize service disruptions for nearly 1,000 customers [4] - The 'Energize365' program is expected to continue benefiting the company by enhancing customer experience while maintaining competitive rates [5] - Severe storms in April 2025 caused widespread damage and power outages, potentially leading to increased operating expenses for restoration, which may offset some positive impacts [6] Q2 Expectations - The Zacks Consensus Estimate for earnings is 53 cents per share, reflecting a year-over-year decrease of 5.4% [7] - Revenue is estimated at $3.43 billion, indicating a 4.7% year-over-year improvement [7] - Total electric distribution deliveries are expected to reach 36,000.5 megawatt-hours, up 1.5% from the previous year [7] Earnings Prediction - The company's Earnings ESP is -10.80%, indicating that an earnings beat is not predicted for this quarter [10] - FirstEnergy currently holds a Zacks Rank of 3, suggesting a neutral outlook [10] Summary of Q2 Results - Q2 results may reflect gains from new solar sites and advanced LiDAR deployment, while grid upgrades and the Energize365 program likely improved system reliability [9] - However, the costs associated with restoration from severe April storms may offset operational improvements [9]