FE expands solar power in West Virginia with its third utility-scale site, now generating 5.75 MW at Marlowe.
Due to their continuous operations, data centers consume electricity constantly.
FirstEnergy Corp. (NYSE:FE ) Q1 2025 Earnings Conference Call April 24, 2025 9:00 AM ET Company Participants Karen Sagot - VP, IR Brian Tierney - President CEO and Chairman Jon Taylor - SVP Strategy and CFO Conference Call Participants Michael Lonegan - Evercore ISI Nick Campanella - Barclays Jeremy Tonet - JPMorgan David Arcaro - Morgan Stanley Carly Davenport - Goldman Sachs Bill Appicelli - UBS Andrew Weisel - Scotiabank Anthony Crowdell - Mizuho Securities Operator Hello, and welcome to FirstEnergy Corp. First Quarter 2025 Earnings Conference Call. As a reminder, this conference is being recorded.
FE's first-quarter earnings and revenues increase year over year. Total operating expenses increase during the same period.
FirstEnergy (FE) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.55 per share a year ago.
FE first-quarter 2025 results are expected to benefit from improved service reliability. Yet, severe storms might have offset some positives.
FirstEnergy (FE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
FE Pennsylvania completes work of new poles and equipment to enhance electric service reliability for nearly 1,000 customers.
FirstEnergy is a recession-resistant utility stock, benefiting from steady consumer demand and stable revenue, making it a potentially attractive defensive investment. FE stock has been rangebound for a decade, offering neither strong capital appreciation nor significant dividend growth, making it a stable but uninspiring investment compared to other utilities. Despite steady revenue and a safe dividend, the Company's lackluster dividend growth and limited capital appreciation make it less attractive compared to peers like Duke Energy and Consolidated Edison.
FirstEnergy (FE) reported earnings 30 days ago. What's next for the stock?
FirstEnergy will cut less than 3% of its workforce and reassign 200 employees as part of an effort to boost efficiency and control costs.
FE raises its quarterly dividend once again, courtesy of contributions from regulated operations and improving economic conditions in its service territories boosting demand.