FirstEnergy Corp.
45.80-0.36 (-0.78%)
Oct 29, 4:00:02 PM EDT · NYSE · FE · USD
Key Stats
Market Cap
26.46BP/E (TTM)
19.91Basic EPS (TTM)
2.30Dividend Yield
0.04%Recent Filings
8-K
8-K
Executive severance plans updated
FirstEnergy's board approved amendments to its executive severance plans and new RSU award forms, effective January 1, 2026, to align with peer practices. The updated Executive Severance Plan now includes the CEO, offering 1.5 times base salary for top executives in qualified separations like restructurings, while the Change in Control Plan boosts CEO cash severance to 2.99 times base plus target incentives. New RSUs vest fully on change in control if unreplaced. This bolsters retention amid volatility. Plans demand releases.
8-K
FirstEnergy affirms earnings growth
FirstEnergy reported Q2 2025 Core Earnings of $0.52 per share, edging up from $0.51 last year, while year-to-date Core Earnings hit $1.19 per share, a 19% jump fueled by new rates in Pennsylvania and higher weather-driven sales. The company deployed $2.5 billion in capital investments through June, on pace for its $5 billion 2025 plan under the $28 billion Energize365 program. It affirmed full-year Core Earnings guidance of $2.40-$2.60 per share, targeting the upper half, and a 6-8% compound annual growth rate through 2029. Strong execution, yet weather variability lingers.
10-Q
Q2 FY2025 results
FirstEnergy's Q2 2025 results showed solid momentum, with revenues up 3% year-over-year to $3.38B, driven by regulated investments and base rate hikes in Pennsylvania and New Jersey, while operating income climbed 53% to $646M on lower costs and no repeat of last year's $207M asset retirement charges. Earnings attributable to the company surged 496% to $268M ($0.46 per diluted share), reflecting cleaner profitability amid milder weather curbing usage by 2.7% (derived). Free cash flow wasn't disclosed in the 10-Q, but operating cash flow strengthened to $1.72B year-to-date, supporting $2.22B in capital investments across segments. Liquidity remains robust with $5.4B available under revolvers and $569M cash, while total debt stood at $25.4B after refinancing moves like the $2.5B convertible notes issuance. Yet regulatory scrutiny persists, including ongoing FERC audits and HB 6 litigation that could pressure future recoveries.
8-K
LTIP KPI switch to Core EPS
FirstEnergy Corp. amended its 2023-2025 and 2024-2026 LTIP awards on June 17, 2025, swapping the Operating EPS KPI for Core EPS in uncompleted periods starting 2025, aligning executive incentives with the company's shift to reporting core earnings that spotlight regulated operations. This tweak caps EPS payouts at 100% of target while keeping the 35% Relative TSR component unchanged against the S&P Utility index. Management's rewards now mirror investor metrics. Yet risks linger if core performance falters.
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