FirstEnergy Corp.
FirstEnergy Reports Improved Q1 2025 Earnings and Affirms Guidance
Summary
FirstEnergy Corp. reported a significant improvement in its first quarter 2025 GAAP earnings of $0.62 per share and Core Earnings (non-GAAP) of $0.67 per share, up from $0.44 and $0.49 per share respectively in the same period last year. The company affirmed its full-year 2025 Core Earnings guidance of $2.40 to $2.60 per share and its 6-8% compounded annual Core Earnings growth rate target from 2025 through 2029. The improvement in earnings was driven by new base rates, growth in rate base, lower financing costs, and normal weather-related demand, partially offset by higher operating expenses and dilution from the sale of an equity interest in FirstEnergy Transmission. Total distribution deliveries increased by over 4% compared to the first quarter of 2024.
Profitelligence Alerts
Get alerts for FE
Be first to know when FirstEnergy Corp. files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
About FirstEnergy Corp.
FirstEnergy Corp. is a leading electric utility holding company based in the United States, primarily engaged in the transmission, distribution, and generation of electricity. Its core operations focus on regulated electric utilities, serving millions of customers across multiple states through a network of subsidiaries. The company plays a crucial role in the regulated electric utilities sector, ensuring reliable power supply to residential, commercial, and industrial users. FirstEnergy Corp. is involved in the management and maintenance of electricity grids, as well as in the development and implementation of infrastructure upgrades and grid modernization projects. By providing essential energy services, it supports economic activities across a variety of industries including manufacturing, technology, and public services. Its significant footprint in power transmission and distribution underscores its market importance, as it helps facilitate energy transitions and adoption of new technologies in the utility sector. Through its operations, FirstEnergy Corp. contributes to the stability and advancement of the broader energy market, positioning itself as a fundamental component within the global utilities landscape.
Official SEC Documents
Advertisement