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FirstEnergy(FE) - 2025 Q2 - Earnings Call Presentation
2025-07-31 13:00
Financial Performance - 2Q25 Core EPS was $052/share, compared to $051/share in 2Q24[15] - YTD25 Core EPS grew by 19% to $119/share, compared to $100/share in YTD24[15] - YTD25 Investments reached $25 billion, a 29% increase compared to $19 billion in YTD24[15] Investment and Growth - The company reaffirmed its 2025 Core EPS guidance and a 6-8% Core EPS CAGR from 2025-2029[9, 11] - The company reaffirmed its 2025-2029 Base Investment Plan of $28 billion, expecting a 9% Rate Base growth[11] - Transmission investments are expected to increase up to 20% in the next 5-year plan[28] Pennsylvania Investments - Pennsylvania accounts for approximately 35% of the company's Rate Base[18] - The company is investing $15 billion in Pennsylvania from 2025-2029, including nearly $10 billion in capital investments and ~$5 billion in operating expenses[22] Data Center Demand - Long-term pipeline demand for data centers (beyond 2029F) increased by over 80% since February 2025, reaching 11,130 MW[26] - Contracted demand for data centers in 2029F increased by approximately 25% since February 2025, reaching 2,695 MW[26]