We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
FirstEnergy Q4 Earnings Top Estimates, Revenues Increase Y/Y
Read MoreHide Full Article
Key Takeaways
FirstEnergy reported Q4 operating EPS of 53 cents, topping estimates, on 19.6% higher quarterly revenues.
FE's 2025 adjusted EPS rose 7.6%, driven by new base rates and transmission rate base growth.
FirstEnergy provided 2026 EPS guidance of $2.62-$2.82 and plans $36B in capex through 2030.
FirstEnergy Corp. (FE - Free Report) reported fourth-quarter 2025 operating earnings of 53 cents per share, which beat the Zacks Consensus Estimate of 52 cents by 1.92%. In the year-ago quarter, the company reported earnings of 67 cents.
FE reported 2025 adjusted earnings of $2.55 per share compared with $2.37 in 2024, reflecting a year-over-year increase of 7.60%.
The increase in 2025 core earnings was due to the impact of new base rates in Ohio and Pennsylvania and growth in transmission rate base under formula rate programs.
Total Revenues of FE
Operating revenues of $3.78 billion surpassed the Zacks Consensus Estimate of $3.25 billion by 16.9%. The top line increased 19.6% from $3.18 billion recorded in the year-ago quarter.
FE reported total revenues of $15.09 billion in 2025 compared with $ 13.47 billion in 2024, reflecting a year-over-year increase of 12.01%.
FirstEnergy Corporation Price, Consensus and EPS Surprise
Distribution: Revenues from this segment totaled $7.55 billion in 2025, up 9.97% from the prior-year level of $6.86 billion.
Integrated: Revenues from this segment amounted to $5.68 billion in 2025, rising 16.6% from the prior-year level of $4.88 billion.
Stand-Alone Transmission: Revenues from this segment amounted to $1.91 billion in 2025, up 6.60% from the prior-year level of $1.79 billion
Highlights of FE’s Q4 Earnings Release
Total operating expenses were $12.88 billion in 2025, up 16.10% from the year-ago level of $11.01 billion due to the higher other operating expenses, provision for depreciation, and general taxes.
Operating income totaled $2.21billion in 2025, down 7.03% from the year-ago recorded number of $2.38 billion.
The company reported an interest expense of $1.22 billion in 2025, up 6.38% from the prior-year level of $1.14 billion.
FE’s 2026 Guidance
FirstEnergy expects its 2026 core earnings per share (EPS) to be in the range of $2.62- $2.82. The Zacks Consensus Estimates for the same is pinned at $2.71 per share, which is lower than the midpoint of the company’s guided range.
FirstEnergy expects a long-term EPS growth rate of 6-8%. FE has a capital investment plan of $36 billion for the 2026-2030 period, reflecting an increase of nearly 30% compared to its previous five-year investment strategy, which resulted in 10% compounded annual growth rate through 2030.
The company expects 2026 capital investment of $6 billion for infrastructure development, grid upgradation and significant reliability and resiliency enhancements to the high-voltage transmission system.
Avista Corporation (AVA - Free Report) is scheduled to report fourth-quarter results on Feb. 25. The Zacks Consensus Estimate for earnings is pegged at $1.01per share, which suggests an increase of 20.24% year over year.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $541.40 million, which suggests year-over-year growth of 1.62%.
Centuri Holdings, Inc. (CTRI - Free Report) is scheduled to report fourth-quarter results on Feb. 25. The Zacks Consensus Estimate for earnings is pegged at 20 cents, which suggests a decrease of 4.76% year over year.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $717.48 million, which suggests year-over-year growth of 0.06%.
The AES Corporation (AES - Free Report) is scheduled to report fourth-quarter results on Feb. 26. The Zacks Consensus Estimate for earnings is pegged at 62 cents, which suggests an increase of 14.81% year over year.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $3.49 billion, which suggests year-over-year growth of 17.83%.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
FirstEnergy Q4 Earnings Top Estimates, Revenues Increase Y/Y
Key Takeaways
FirstEnergy Corp. (FE - Free Report) reported fourth-quarter 2025 operating earnings of 53 cents per share, which beat the Zacks Consensus Estimate of 52 cents by 1.92%. In the year-ago quarter, the company reported earnings of 67 cents.
FE reported 2025 adjusted earnings of $2.55 per share compared with $2.37 in 2024, reflecting a year-over-year increase of 7.60%.
The increase in 2025 core earnings was due to the impact of new base rates in Ohio and Pennsylvania and growth in transmission rate base under formula rate programs.
Total Revenues of FE
Operating revenues of $3.78 billion surpassed the Zacks Consensus Estimate of $3.25 billion by 16.9%. The top line increased 19.6% from $3.18 billion recorded in the year-ago quarter.
FE reported total revenues of $15.09 billion in 2025 compared with $ 13.47 billion in 2024, reflecting a year-over-year increase of 12.01%.
FirstEnergy Corporation Price, Consensus and EPS Surprise
FirstEnergy Corporation price-consensus-eps-surprise-chart | FirstEnergy Corporation Quote
FE’s Segmental Performance
Distribution: Revenues from this segment totaled $7.55 billion in 2025, up 9.97% from the prior-year level of $6.86 billion.
Integrated: Revenues from this segment amounted to $5.68 billion in 2025, rising 16.6% from the prior-year level of $4.88 billion.
Stand-Alone Transmission: Revenues from this segment amounted to $1.91 billion in 2025, up 6.60% from the prior-year level of $1.79 billion
Highlights of FE’s Q4 Earnings Release
Total operating expenses were $12.88 billion in 2025, up 16.10% from the year-ago level of $11.01 billion due to the higher other operating expenses, provision for depreciation, and general taxes.
Operating income totaled $2.21billion in 2025, down 7.03% from the year-ago recorded number of $2.38 billion.
The company reported an interest expense of $1.22 billion in 2025, up 6.38% from the prior-year level of $1.14 billion.
FE’s 2026 Guidance
FirstEnergy expects its 2026 core earnings per share (EPS) to be in the range of $2.62- $2.82. The Zacks Consensus Estimates for the same is pinned at $2.71 per share, which is lower than the midpoint of the company’s guided range.
FirstEnergy expects a long-term EPS growth rate of 6-8%. FE has a capital investment plan of $36 billion for the 2026-2030 period, reflecting an increase of nearly 30% compared to its previous five-year investment strategy, which resulted in 10% compounded annual growth rate through 2030.
The company expects 2026 capital investment of $6 billion for infrastructure development, grid upgradation and significant reliability and resiliency enhancements to the high-voltage transmission system.
FE’s Zacks Rank
FirstEnergy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Avista Corporation (AVA - Free Report) is scheduled to report fourth-quarter results on Feb. 25. The Zacks Consensus Estimate for earnings is pegged at $1.01per share, which suggests an increase of 20.24% year over year.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $541.40 million, which suggests year-over-year growth of 1.62%.
Centuri Holdings, Inc. (CTRI - Free Report) is scheduled to report fourth-quarter results on Feb. 25. The Zacks Consensus Estimate for earnings is pegged at 20 cents, which suggests a decrease of 4.76% year over year.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $717.48 million, which suggests year-over-year growth of 0.06%.
The AES Corporation (AES - Free Report) is scheduled to report fourth-quarter results on Feb. 26. The Zacks Consensus Estimate for earnings is pegged at 62 cents, which suggests an increase of 14.81% year over year.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $3.49 billion, which suggests year-over-year growth of 17.83%.