FirstEnergy Posts 3Q Adjusted EPS of 98 Cents
FE is trading near its 52-week low of $42.67 (7.8% above the low).
Summary
FirstEnergy reported third-quarter adjusted earnings of 96 cents a share, with net income of $557M and revenue of $4.6B. The company sees full-year adjusted EPS of $2.62 to $2.82. This is the first quarterly print since the Q2 report on July 28, which met estimates and reaffirmed guidance while the company worked through Ohio and West Virginia rate cases and a new $750M term loan. The rate-case outcomes and the $3B shelf remain the bigger swing factors for the story; the EPS line alone is a modest update until the full release and guidance detail land. FirstEnergy expects 2026 core earnings results at or slightly above the midpoint, and sees a core earnings compound annual growth rate near the top end of the 6% to 8% range through 2030.
At the time of this announcement, FE was trading at $46.01 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $26.8B. The 52-week trading range was $42.67 to $52.34. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.