FirstEnergy Q1 Earnings Surpass Estimates, Revenues Increase Y/Y

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 ...