FirstEnergy Beats Q3 Profit Estimates, Plans 10% Capital Investment Increase

FirstEnergy reported strong third-quarter 2025 financial results, with adjusted earnings per share of $0.83 beating analyst estimates and revenues reaching $4.1 billion, up over 10% year-over-year. The company narrowed its full-year core earnings guidance to between $2.50 and $2.56 per share, positioning it at the higher end of its previous forecast, supported by new base rates in Pennsylvania and increased transmission investments. FirstEnergy has raised its 2025 capital expenditure plan by 10% to $5.5 billion, aiming to enhance grid reliability and resilience amid rising electricity demand driven by data centers and AI industry growth. The utility projects a 30% increase in transmission investments over the next five years and affirms a compounded annual core earnings growth rate of 6-8% through 2029, backed by its $28 billion Energize365 capital investment program. Despite solid operational performance and positive stock momentum, concerns remain regarding the company's financial leverage and regulatory uncertainties. Overall, FirstEnergy is strategically investing to support community growth and maintain a strong position within the regulated utilities sector.