)

FirstEnergy (FE) investor relations material
FirstEnergy Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Core earnings per share for Q2 2025 were $0.52, up from $0.51 in Q2 2024; GAAP EPS was $0.46, up from $0.08, with YTD Core EPS at $1.19, a 19% increase year-over-year.
Full-year 2025 Core EPS guidance reaffirmed at $2.40–$2.60, targeting the upper half, with a 6–8% CAGR outlook through 2029.
$2.5B in capital investments deployed in H1 2025, supporting a $5B annual and $28B five-year plan.
Sale of Signal Peak minority interest in July 2025 eliminated coal mining exposure and related liabilities.
Strong execution in Pennsylvania and robust data center demand pipeline contributed to results.
Financial highlights
Q2 2025 revenues rose to $3.38B, operating income to $646M, and net income to $318M; cash from operations for H1 2025 was $1.7B, up 60% year-over-year.
First half 2025 Core EPS was $1.19, up from $1.00 in 2024; consolidated ROE at 9.7%, within the 9.5–10% target.
YTD 2025 investments reached $2.5B, 29% higher year-over-year.
Dividend increased to $0.445/share in Q2 2025, up ~5% from 2024.
JCP&L Q2 2025 revenues were $592M, with six-month revenues at $1.16B.
Outlook and guidance
2025 Core EPS guidance of $2.40–$2.60/share reaffirmed, with results expected in the upper half.
Five-year $28B base capital investment program reiterated, with no incremental equity needs except for up to $100M annually for employee benefit programs.
Targeted 6–8% Core EPS CAGR and 14%+ FFO/Debt through 2029.
Shareholder return opportunity targeted at 10–12% with upside potential.
Modest dividend growth expected, with future increases dependent on earnings and credit metrics.
Next FirstEnergy earnings date

Next FirstEnergy earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Energy First
FirstEnergy is an American company energy company that primarily engages in the generation, transmission, and distribution of electricity. First Energy serves over six million customers across the Midwest and Mid-Atlantic regions, including Ohio, Pennsylvania, West Virginia, New Jersey, Maryland, and New York. The company operates a vast network of power plants and electricity distribution systems and also provides a host of related services for its customers. The company is headquartered in Akron, Ohio, and its shares are listed on the NYSE.
An Important Merger
FirstEnergy was formed in 1997 through the merger of Ohio Edison Company and Interior Energy Corporation. Ohio Edison had been a longstanding player in the Ohio electric utility industry, while Centerior was formed in the mid-80s through the merger of two electrical companies. Following its formation, FirstEnergy embarked on a phase of rapid expansion through acquisitions and investments in diversified energy generation sources. Some other companies operating in the same industry include Duke Energy, Exelon, and AEP.
Generating Electricity
The company's generation portfolio includes a mix of coal, nuclear, and renewable energy sources. Its nuclear assets, particularly in Ohio and Pennsylvania, have been important pieces in its power generation business, although they have also presented challenges, such as regulatory and safety issues.
In recent years, FirstEnergy has shown an increasing interest in renewable energy, incorporating wind and solar projects into its portfolio. This shift is in line with industry-wide trends towards more sustainable and environmentally friendly energy sources. Despite this gradual shift, energy sources like coal and nuclear continue to play a substantial role in FirstEnergy's power generation mix.
The Transmission of Electricity
This segment of the company involves the high-voltage transmission of electric power from generation facilities to distribution networks, which then deliver electricity to end users. FirstEnergy’s transmission network is extensive, featuring a vast array of transmission lines and substations. Through its transmission business, FirstEnergy plays a pivotal role in ensuring the stable and continuous supply of electricity to both residential and commercial customers in its service areas.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage