FirstEnergy Corp.'s Stock Analysis

FirstEnergy Reports 2025 Financial Results and Future Guidance

FirstEnergy Corp reported 2025 financial results with GAAP earnings of $1.77 per share and Core Earnings of $2.55 per share, reflecting a 7.6% increase from the previous year. The company achieved revenues of $15.1 billion, up from $13.5 billion in 2024, attributed to regulatory orders and solid execution of its capital plan. The Board approved an increased quarterly dividend, indicating confidence in the company’s financial health and future prospects.

Looking ahead, FirstEnergy reaffirmed its Core Earnings guidance for 2026 at $2.62 to $2.82 per share, supported by a $36 billion capital investment plan from 2026 to 2030. This investment aims to enhance distribution infrastructure and improve grid reliability, with expected compounded annual growth of 6-8% in Core Earnings. The company reported significant growth in its distribution and transmission segments, driven by new base rates and increased customer demand.

Feb 17, 2026 16:25:03

FirstEnergy Board Member Melvin Williams Not Seeking Re-election

Melvin Williams, a member of the Board of Directors at FirstEnergy Corp, has announced that he will not seek re-election after his current term ends at the 2026 Annual Meeting of Shareholders. His decision is not attributed to any disagreements regarding the company's operations or policies.

This change in board composition may be of interest to investors as it could impact the governance and strategic direction of the company. The company has confirmed that Mr. Williams's departure is unrelated to internal disputes or issues.

Feb 12, 2026 07:28:27

FirstEnergy Announces 2026 Earnings Guidance and Capital Investments

FirstEnergy Corp. has issued its financial outlook for 2026, projecting Core earnings guidance between $2.62 and $2.82 per share, with a midpoint of $2.72, indicating a 7.5% growth over the 2025 Core earnings guidance midpoint of $2.53. The company plans to invest $6 billion in capital projects, a 9% increase from 2025, focusing on distribution infrastructure renewal and enhancements to the high-voltage transmission system. The Board is expected to approve quarterly dividends totaling $1.86 per share in 2026, aligning with a targeted payout ratio of 60%-70%.

Additionally, FirstEnergy reaffirmed its goal of achieving a compound annual growth rate of 6-8% through 2029, aiming for the upper half of this range. The company plans to update its five-year financial strategy during the fourth quarter 2025 earnings call. Investors should note that various risks, including regulatory investigations and economic conditions, could impact the company's performance and financial outlook.

Dec 09, 2025 07:28:37

FirstEnergy Announces Regulatory Orders Impacting Ohio Utilities

FirstEnergy Corp's Ohio utilities received orders from the Public Utilities Commission of Ohio regarding their 2024 base rate case and consolidated audits. Key details include a five-year recovery plan for $245 million in storm restoration costs and a ten-year recovery for $92 million in previously deferred expenses. Additionally, the company will reset the revenue cap for the Distribution Capital Recovery Rider to cover investments made in the upcoming period.

The Ohio Companies are required to pay a total of $250.7 million in refunds and civil forfeitures, which will be accounted for as a special item in the fourth quarter of 2025. The company plans to file a new three-year rate plan in early 2026, with an expected effective date in 2027. FirstEnergy has reaffirmed its Core Earnings guidance for 2025 and aims for a 6-8% growth in Core EPS through 2029.

Nov 20, 2025 07:55:45

FirstEnergy Reports Q3 2025 Financial Results and Guidance Update

FirstEnergy Corp. announced its financial results for the third quarter of 2025, reporting GAAP earnings of $441 million, or $0.76 per share, compared to $419 million, or $0.73 per share, in Q3 2024. The company also reported Core Earnings of $0.83 per share for the quarter, a 9% increase from the previous year. For the year-to-date, FirstEnergy's GAAP earnings reached $1.069 billion, or $1.85 per share, while Core Earnings increased 15% to $2.02 per share. The company has narrowed its full-year 2025 Core Earnings guidance to a range of $2.50 to $2.56 per share, reflecting a positive outlook based on current performance and market conditions.

In addition to its earnings report, FirstEnergy announced a 10% increase in its capital investment program for 2025, raising it to $5.5 billion, aimed at enhancing grid reliability and resilience. The company affirmed its target for a 6-8% compounded annual growth rate in Core Earnings from 2025 through 2029, supported by its Energize365 capital investment plan, which includes $28 billion in investments over the next five years. The growth is anticipated to be driven by increased transmission investments and adjustments in base rates across its service areas.

Oct 22, 2025 16:26:53

FirstEnergy Corp Updates Executive Severance and RSU Plans

FirstEnergy Corp has amended its Executive Severance Benefits Plan and Change in Control Severance Plan, effective January 1, 2026. The changes include the inclusion of the CEO in the Executive Severance Plan, which now offers severance pay of one and a half times the base salary for eligible executives. The plan also allows for a continuation of health care coverage under COBRA, with a waiver of premiums for a limited period. The Change in Control Plan now provides the CEO with a severance benefit of 2.99 times the sum of base salary and target short-term incentive award, while maintaining similar benefits for other eligible participants.

Additionally, FirstEnergy has approved new forms of restricted stock unit (RSU) award agreements for both time-based and performance-based RSUs, which will take effect on January 1, 2026. Under the new agreements, unvested time-based RSUs will fully vest upon a change in control, and performance-based RSUs will vest at target performance levels under similar conditions. These updates aim to align the company’s compensation practices with industry standards and ensure executive retention and alignment with shareholder interests.

Sep 29, 2025 16:37:31

FirstEnergy Reports Q2 2025 Financial Results and Growth Guidance

FirstEnergy Corp reported its financial results for the second quarter of 2025, achieving GAAP earnings of $268 million, or $0.46 per share, on revenue of $3.4 billion. This marks a significant increase from the $45 million, or $0.08 per share, reported in the same quarter of 2024. The company also reported Core Earnings (non-GAAP) of $0.52 per share, slightly up from $0.51 per share a year earlier. Year-to-date GAAP earnings reached $628 million, or $1.09 per share, compared to $298 million, or $0.52 per share, for the first half of 2024. The increase in Core Earnings is attributed to new base rates and lower operating expenses, despite a decline in customer demand due to milder weather conditions.

FirstEnergy affirmed its full-year 2025 Core Earnings guidance, estimating a range of $2.40 to $2.60 per share, and expects a compounded annual growth rate of 6-8% from 2025 to 2029. The company has already deployed $2.5 billion in capital investments aligned with its $5 billion investment plan for 2025, which is part of its larger $28 billion Energize365 program. The results demonstrate FirstEnergy's commitment to enhancing the reliability and resilience of its electric system while focusing on financial stability and growth.

Jul 30, 2025 16:26:22

FirstEnergy Corp. Announces $1.8 Billion Convertible Notes Offering

FirstEnergy Corp. has announced its intention to offer $950 million of convertible senior notes due in 2029 and $850 million due in 2031 in a private placement. The company will also grant initial purchasers an option to buy an additional $150 million for each series of notes within 13 days of issuance. The offering is subject to market conditions and will be made to qualified institutional buyers under Rule 144A of the Securities Act.

The net proceeds from the offering are intended for the repurchase of existing convertible senior notes, repayment or refinancing of debt, and general corporate purposes. The notes will be unsecured and convertible under certain conditions. Interest will be paid semiannually, and FirstEnergy will have discretion over how to use the proceeds. The notes and any shares issued upon conversion will not be registered under the Securities Act, limiting their sale to specific exemptions.

Jun 09, 2025 06:31:43

FirstEnergy Reports Increased Earnings and Capital Investments for Q1 2025

FirstEnergy Corp. announced its financial results for the first quarter of 2025, reporting GAAP earnings of $360 million, or $0.62 per share, which shows an increase from $253 million, or $0.44 per share, in the same period of 2024. The company’s Core Earnings also improved to $0.67 per share from $0.49 per share year-over-year. The growth in earnings is attributed to new base rates in Pennsylvania, West Virginia, and New Jersey, as well as an increase in distribution deliveries and lower financing costs, despite some challenges from higher operating expenses and dilution from a recent equity interest sale in FirstEnergy Transmission. Revenue for the quarter was reported at $3.8 billion, up from $3.3 billion in the prior year.

FirstEnergy is maintaining its Core Earnings guidance for the full year of 2025, projecting a range of $2.40 to $2.60 per share, supported by a five-year, $28 billion capital investment plan known as Energize365. In the first quarter of 2025, the company made over $1 billion in customer-focused capital investments as part of this plan. The company anticipates a compounded annual growth rate of 6-8% for Core Earnings from 2025 through 2029, reflecting its commitment to enhancing operational efficiency and customer service.

Apr 23, 2025 16:22:52

FirstEnergy Reports Decrease in GAAP Earnings for 2024

FirstEnergy Corp. reported full-year 2024 GAAP earnings of $1.70 per share, down from $1.96 in 2023, despite an increase in revenue from $12.9 billion to $13.5 billion. Operating earnings rose slightly to $2.63 per share from $2.56 per share in the previous year. The company announced a significant capital investment of $4.5 billion for 2024, a 20% increase over 2023, aimed at enhancing grid reliability and supporting energy transition. FirstEnergy also extended its Energize365 investment program through 2029, with a planned total of $28 billion in capital investments, which is an 8% increase compared to the previous plan. Additionally, Core earnings for 2024 increased to $2.37 per share, up from $2.20 in 2023, indicating growth in regulated operations despite challenges in unregulated investments and pension plan impacts.

Conversely, FirstEnergy faced challenges as GAAP earnings from continuing operations decreased by $145 million compared to 2023. The company noted that volatility from its unregulated investment in Signal Peak and the effects of its pension plan have not been fully recognized by investors. The fourth quarter results showed an increase in GAAP earnings to $0.45 per share from $0.30 per share in the same quarter of 2023, but were impacted by a higher effective tax rate and lower distribution revenues in Ohio. Despite a 12% increase in earnings from the Stand-Alone Transmission segment, the overall performance was affected by lower revenues due to regulatory changes and the dilutive effect of the equity interest sale in FirstEnergy Transmission.

Feb 26, 2025 16:25:17