Company Reports

FirstEnergy reported second-quarter core operating earnings per share of $0.50, down from $0.52 in the same year-ago period, putting the company on track to meet our and management's full-year expectations.

FirstEnergy's regulated utilities are focused on accelerating investments that should result in solid earnings growth.

FirstEnergy's regulated utilities are focused on accelerating investments that should result in solid earnings growth.

FirstEnergy reported core operating earnings per share of $0.72 in the first quarter, up from $0.67 in the year-ago period, putting the company on track to meet our and management's full-year expectations.

FirstEnergy's regulated utilities are focused on accelerating investments that should result in solid earnings growth.

FirstEnergy reported $2.55 full-year 2025 core operating earnings per share, up from $2.37 in 2024 and at the high end of management's narrowed guidance.

On Jan. 14, PJM released its annual long-term electricity demand forecast, highlighting significant expected growth in demand across the region. On Jan. 16, the Trump administration and numerous governors released a statement of principles proposing changes in the regional electricity market.

FirstEnergy recently received regulatory approval for a settlement agreement to resolve three Ohio regulatory proceedings—the Corporate Separation Rider, Rider DMR, and Rider DCR—as well as a review of its political and charitable spending.

FirstEnergy's regulated utilities are focused on accelerating investments that should result in solid earnings growth.

FirstEnergy reported third-quarter core operating earnings per share of $0.83, up from $0.76 in the same year-ago period.

FirstEnergy's regulated utilities are focused on accelerating investments that should result in solid earnings growth.

FirstEnergy reported second-quarter core operating earnings per share of $0.52, up from $0.51 in the same year-ago period, putting the company on track to meet our full-year core EPS expectations.

FirstEnergy reported first-quarter core operating earnings per share of $0.67, up from $0.49 in the same year-ago period.

FirstEnergy's regulated utilities are focused on accelerating investments that should result in solid earnings growth.

FirstEnergy reported 2024 operating earnings per share of $2.63, up from $2.56 in 2023. FirstEnergy plans to increase its dividend 4.7% in 2025.

FirstEnergy's regulated utilities are focused on accelerating investments that should result in solid earnings growth.

We are maintaining our $44 fair value estimate for FirstEnergy after the company reported third-quarter earnings per share of $0.85, down from $0.88 in the year-ago period. Management narrowed its 2024 operating EPS guidance to $2.61-$2.71, down from $2.61-$2.81. Management also reaffirmed its long-term 6%-8% annual earnings growth guidance through 2028. We expect the company can achieve the midpoint.

FirstEnergy's regulated utilities are focused on accelerating investments that should result in solid earnings growth. The company expects to invest $26 billion through 2028, a 44% increase from the previous five-year capital investment plan. This supports our expectation that the company can achieve the midpoint of management's 6%-8% annual earnings growth target.

We are maintaining our $43 fair value estimate for FirstEnergy after the company reported second-quarter earnings per share of $0.56, up from $0.47 in the year-ago period. Management reaffirmed its 2024 operating EPS guidance of $2.61-$2.81, consistent with our expectations. Management also reaffirmed its long-term 6%-8% annual earnings growth guidance through 2028, of which we expect the company to achieve the midpoint.

We are maintaining our $43 fair value estimate for FirstEnergy after the company reported first-quarter earnings per share of $0.55, down from $0.60 in the year-ago period.