FirstEnergy(FE)

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FirstEnergy(FE) - 2025 Q1 - Earnings Call Presentation
2025-04-24 14:27
Focused on Our Future 1Q 2025 Strategic & Financial Highlights Published April 23, 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 ...
FirstEnergy Q1 Earnings Surpass Estimates, Revenues Increase Y/Y
ZACKS· 2025-04-24 12:30
FirstEnergy (FE) reported first-quarter 2025 operating earnings of 67 cents per share, which beat the Zacks Consensus Estimate of 60 cents by 11.7%. The bottom line also increased 36.7% from the year-ago quarter’s figure of 49 cents. (See the Zacks Earnings Calendar to stay ahead of market-making news)The year-over-year increase in earnings was due to the impact of new base rates in Pennsylvania, West Virginia and New Jersey, growth in rate base under formula rate programs, lower financing costs and normal ...
FirstEnergy (FE) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-04-23 22:35
分组1 - FirstEnergy reported quarterly earnings of $0.67 per share, exceeding the Zacks Consensus Estimate of $0.60 per share, and up from $0.55 per share a year ago, representing an earnings surprise of 11.67% [1] - The company posted revenues of $3.77 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.17%, compared to $3.29 billion in the same quarter last year [2] - FirstEnergy shares have increased approximately 7.4% since the beginning of the year, while the S&P 500 has declined by 10.1% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $3.49 billion, and for the current fiscal year, it is $2.70 on revenues of $14.43 billion [7] - The Zacks Industry Rank for Utility - Electric Power is currently in the top 14% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] 分组3 - The estimate revisions trend for FirstEnergy is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [6] - One other stock in the same industry, Algonquin Power & Utilities, is expected to report quarterly earnings of $0.09 per share, reflecting a year-over-year decline of 35.7% [9]
FirstEnergy(FE) - 2025 Q1 - Quarterly Results
2025-04-23 20:22
FirstEnergy Corp. For Release: April 23, 2025 341 White Pond Drive Akron, Ohio 44320 www.firstenergycorp.com News Media Contact: Investor Contact: Tricia Ingraham Karen Sagot (330) 384-5247 (330) 761-4286 Exhibit 99.1 FirstEnergy Announces First Quarter 2025 Financial Results Reports significant improvement in first quarter 2025 GAAP earnings of $0.62 per share and Core Earnings (non-GAAP) of $0.67 per share, versus 2024 GAAP earnings of $0.44 per share and Core Earnings of $0.49 per share On track with 202 ...
FirstEnergy Announces First Quarter 2025 Financial Results
Prnewswire· 2025-04-23 20:20
Reports significant improvement in first quarter 2025 GAAP earnings of $0.62 per share and Core Earnings (non-GAAP) of $0.67 per share, versus 2024 GAAP earnings of $0.44 per share and Core Earnings of $0.49 per share On track with 2025 $5 billion investment plan with more than $1 billion in customer-focused capital investments in the first quarter, supporting five-year Energize365 program of $28 billion through 2029 Affirms full-year 2025 Core Earnings guidance of $2.40 to $2.60 per share and 6-8% compoun ...
FirstEnergy Names Executives to Support Transmission Business, West Virginia/Maryland and New Jersey
Prnewswire· 2025-04-21 15:30
Key leadership positions align with core business model focused on enhancing system investments and customer experience at the local level AKRON, Ohio, April 21, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has announced the appointment of four new executives to support the company's transmission business, operations and generation in its combined West Virginia/Maryland division and operations in New Jersey. Satvir Deol has been named Vice President, Transmission Operations, effective April 21, reporti ...
FirstEnergy to Release Q1 Earnings: Here's What You Need to Know
ZACKS· 2025-04-21 12:55
FirstEnergy Corporation (FE) is scheduled to release first-quarter 2025 results on April 23, after market close. The company delivered a negative earnings surprise of 4.3% in the last reported quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors That Might Have Impacted FE’s Q1 PerformanceIn February 2025, FirstEnergy’s subsidiary, FirstEnergy Pennsylvania Electric Company, upgraded ...
FirstEnergy Recognizes Frontline Crews on Lineworker Appreciation Day
Prnewswire· 2025-04-16 19:00
Core Points - FirstEnergy recognizes the dedication and resilience of its lineworkers who face daily hazards to restore power for homes and businesses [1][3] - National Lineman Appreciation Day was established in 2013 to honor the work of electric crews, particularly after Hurricane Sandy [2] - FirstEnergy's lineworkers responded to significant outage events and provided mutual assistance during national disasters, including Hurricanes Helene and Milton [3][5] Company Performance - In August 2024, a severe storm caused power outages for over 627,700 customers in FirstEnergy's service area, with lineworkers restoring power to 94% of affected customers within five days [4] - Following the storm, FirstEnergy crews assisted in restoration efforts in the Carolinas, Florida, Georgia, and Virginia, logging over 150,000 personnel-hours [5] - FirstEnergy received the Emergency Recovery Award and Emergency Assistance Award from the Edison Electric Institute for their efforts in power restoration [6] Company Overview - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving over 6 million customers across multiple states [7] - The company's transmission subsidiaries manage approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions [7]
Ohio Edison Power Upgrades Will Support Manufacturing and Boost Economic Growth in Clark County
Prnewswire· 2025-04-14 19:30
AKRON, Ohio, April 14, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric company Ohio Edison is investing in grid upgrades to help prevent and minimize the impact of power outages in Clark County and meet the projected energy needs of industrial facilities in the area.The work is expected to enhance reliability for nearly 2,700 Ohio Edison customers in the Springfield area while enabling two local manufacturers to expand their businesses, potentially creating hundreds of local jobs. Ohio Edison ...
FirstEnergy's Pennsylvania Arm Finishes Upgradation of Electric System
ZACKS· 2025-04-11 11:50
FirstEnergy Corporation’s (FE) subsidiary, FirstEnergy Pennsylvania Electric Company (FE PA), completed work to enhance its energy delivery system in Venango and Crawford counties.The project's goal is to enhance the line's performance, which was impacted by multiple equipment-related outages during the previous five years. About 540 consumers benefit from the rebuilt line's more reliable flow to the Polk substation. The project began in November 2024.FE’s Project in DetailsThe project included replacing mo ...