FirstEnergy(FE)

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FirstEnergy(FE) - 2025 Q1 - Quarterly Report
2025-04-30 21:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ | Commission | Registrants; | | | | I.R.S. Employer | | --- | --- | --- | --- | --- | --- | | File Numbers | Addres ...
FirstEnergy Recognized by Ethisphere® for Outstanding Ethics and Compliance Program and Practices and Leadership
Prnewswire· 2025-04-30 19:15
Compliance Leader Verification™ recognizes organizations with an outstanding commitment to achieving a superior ethics and compliance programCompany's Vice President and Chief Ethics and Compliance Officer Antonio Fernández honored with Business Ethics Leadership Alliance's Beacon AwardAKRON, Ohio, April 30, 2025 /PRNewswire/ -- Reflecting its core values and commitment to ethics and integrity, FirstEnergy Corp. (NYSE: FE) has earned Compliance Leader Verification for 2025-2026 from Ethisphere, a global lea ...
FirstEnergy(FE) - 2025 Q1 - Earnings Call Transcript
2025-04-24 17:19
FirstEnergy Corp. (NYSE:FE) Q1 2025 Earnings Conference Call April 24, 2025 9:00 AM ET Company Participants Karen Sagot - VP, IR Brian Tierney - President CEO and Chairman Jon Taylor - SVP Strategy and CFO Conference Call Participants Michael Lonegan - Evercore ISI Nick Campanella - Barclays Jeremy Tonet - JPMorgan David Arcaro - Morgan Stanley Carly Davenport - Goldman Sachs Bill Appicelli - UBS Andrew Weisel - Scotiabank Anthony Crowdell - Mizuho Securities Operator Hello, and welcome to the FirstEnergy C ...
JCP&L's EnergizeNJ Infrastructure Upgrade Program Approved by New Jersey Board of Public Utilities
Prnewswire· 2025-04-24 17:00
Core Points - JCP&L will invest over $202.5 million to upgrade its electric distribution grid, starting July 1, with a focus on automation and remote control devices [1] - The EnergizeNJ program will see JCP&L invest an additional $132 million in matching projects, including $18 million for coastal substations and $9 million for mobile substations [2] - The total bill impact for a typical residential customer will be $0.86 per month, or 0.6%, with potential federal funding to offset costs [3] - EnergizeNJ is part of a larger $28 billion grid evolution program, Energize365, aimed at enhancing reliability and accommodating future energy demands [4] - JCP&L serves 1.1 million customers across multiple counties in New Jersey [5] - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving over six million customers across several states [6] Investment Initiatives - A Grid Modernization initiative will invest over $20.4 million to replace solid fuses with TripSaver II devices for improved line re-energization [8] - A System Resiliency program will allocate more than $128.9 million to optimize circuits and install remotely controlled circuit ties for enhanced reliability [8] - Substation Modernization programs will upgrade protection relays and install modern devices for better data on substation equipment [8]
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 ...