FirstEnergy(US:FE) ZACKS·2025-10-23 15:30Core Insights - FirstEnergy Corp. reported third-quarter 2025 operating earnings of 83 cents per share, exceeding the Zacks Consensus Estimate of 76 cents by 9.2% [1] - The year-over-year increase in core earnings was attributed to new base rates in Pennsylvania and growth in transmission rate base, partially offset by higher planned operating expenses [2] Financial Performance - Total operating revenues reached $4.14 billion, surpassing the Zacks Consensus Estimate of $3.91 billion by 5.8%, and increased 11.2% from $3.72 billion in the previous year [3] - Operating expenses totaled $3.3 billion, up 10.5% from $3 billion in the prior year, while operating income rose to $830 million, a 14.2% increase from $727 million [5] - Interest expense was reported at $312 million, reflecting a 13% increase from $276 million in the previous year [5] Segment Performance - Distribution segment revenues totaled $2.02 billion, up 11.2% year-over-year [4] - Integrated segment revenues amounted to $1.65 billion, a 13.8% increase from $1.45 billion in the prior year [4] - Stand-Alone Transmission segment revenues reached $488 million, up 2.7% from the previous year [4] Future Guidance - FirstEnergy narrowed its 2025 core earnings per share guidance to a range of $2.50-$2.56, with the Zacks Consensus Estimate at $2.53, aligning with the midpoint of the guidance [6] - The company anticipates a long-term EPS growth rate of 6-8% and has a capital investment plan of $28 billion for the 2025-2029 period [6] - Capital investment for 2025 was increased to $5.5 billion from $5 billion, with over half allocated to strengthening Transmission operations [7][9]