The feeder terminal unit (FTU) is a critical component of any electric power system that works in a complex electromagnetic environment. However, innovative research of theoretical analysis of electromagnetic–thermal practices inside the FTU system is missing in the literature. This work presents the theoretical methodologies for calculating and analyzing the electromagnetic–thermal influence of FTUs in a high-power electromagnetic (HPEM) environment. The numerical outcomes reveal that the surface of the FTU and connecting cables under powerful electromagnetic pulses (EMP) induce significant electromagnetic fields and high temperatures. Significantly, the electromagnetic pulse and injection of heat through the wires into the FTU may cause interference and possibly damage to the FTU’s circuits and electronics. This work serves as a reference for electromagnetic compatibility (EMC) design of FTUs and provides numerical analysis for ensuring the normal operation of FTU devices under harsh electromagnetic environments.