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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Gain on sale of Yards Creek

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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FirstEnergy

FirstEnergy Corp. engages in the generation, transmission, and distribution of electricity as well as energy management and other energy-related services through its subsidiaries. It operates through the following business segments: Regulated Distribution, Regulated Transmission, and Corporate. The Regulated Distribution segment distributes electricity through FirstEnergy's utility operating companies, serving various customers. The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by FirstEnergy's utilities. The Corporate segment reflects corporate support not charged to FE's subsidiaries, interest expense on FE’s holding company debt and other businesses that do not constitute an operating segment. The company was founded in 1996 and is headquartered in Akron, OH.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

FirstEnergy reports robust Q4 earnings, eyes growth through 2025

FirstEnergy's Q4 2022 performance reflects financial strength and operational resilience, underpinned by debt reduction and earnings growth.
Strategic initiatives in regulatory matters and capital optimization position the company for sustained growth and efficiency improvements.
While facing challenges in CEO succession and earnings diversification, FirstEnergy's proactive stance on future opportunities bodes well for long-term success.

FirstEnergy meets Q1 earnings, pursues growth through acquisitions and investments

FirstEnergy's Q1 performance met expectations, with a focus on financial strength, operational enhancements, and culture transformation. The company is proactive in its approach to capital investments, regulatory compliance, and climate goals. Challenges lie in declining earnings from certain sources and mitigating weather-related impacts.

FirstEnergy maintains earnings guidance amidst regulatory challenges and growth opportunities

FirstEnergy's Q2 performance was impacted by mild weather conditions, but the company remains focused on financial guidance, dividend declaration, and stakeholder engagement. Regulatory challenges and ongoing investigations pose risks, while opportunities lie in operational efficiency improvements and strategic growth initiatives.

FirstEnergy reports improved Q3 earnings, plans $12B investments

FirstEnergy's Q3 performance showed earnings improvement and cost control efforts. The company is strategically positioned for growth with significant capital investments planned. Challenges include weather impacts and setbacks in performance metrics, while opportunities lie in improving financial metrics and growth potential in Ohio.

FirstEnergy excels in Q4 earnings, faces challenges in regulatory landscape

FirstEnergy delivered strong financial performance, exceeding earnings guidance and showcasing successful initiatives.
The company's focus on transparency, balance sheet strength, and dividend growth sets it apart in the industry.
Challenges include managing state-regulated returns, pension volatility, and potential power price increases.
Opportunities lie in improving ROE, leveraging load growth, and executing strategic initiatives for growth.

FirstEnergy reports strong Q1 earnings, upgrades to investment grade

FirstEnergy's Q1 performance was strong, with earnings exceeding expectations and positive regulatory developments.
The company's strategic initiatives and investment plans position it well for growth in clean energy and grid modernization.
Challenges include regulatory uncertainties and ongoing investigations, but efforts are underway to address them.
Opportunities in transmission growth, grid technologies, and customer service enhancements offer avenues for future expansion.

FirstEnergy reports Q2 earnings mix, focuses on stability and growth

FirstEnergy's Q2 performance showed mixed results with GAAP earnings decline but improved operating earnings, driven by positive factors like rate adjustments and customer demand.
The company demonstrated strength in balance sheet improvements, regulatory engagements, and resolving legacy issues, enhancing financial stability and investor confidence.
While facing challenges in regulatory settlements, power prices, and operational efficiency, FirstEnergy is poised to leverage opportunities in revenue growth, strategic investments, and operational enhancements.

FirstEnergy reports mixed Q3 earnings, focuses on growth initiatives

FirstEnergy's Q3 2024 performance reflected a mix of positive earnings drivers and challenges, with a focus on capital investments and regulatory updates shaping the company's future trajectory. The company's strategic initiatives, including participation in transmission expansion plans and a substantial CapEx plan, position it for sustainable growth and operational enhancement.

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FirstEnergy Corp. engages in the generation, transmission, and distribution of electricity, energy management and other energy-related services through its subsidiaries. It operates through the following business segments: Regulated Distribution, Regulated Transmission, and Corporate or Other. The Regulated Distribution segment distributes electricity through FirstEnergy's utility operating companies, serving various customers. The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by FirstEnergy's utilities. The Corporate or Other segment reflects corporate support and other costs not charged or attributable to the utilities or transmission companies. The company was founded in 1996 and is headquartered in Akron, OH.

New and expanded programs designed to meet increased energy savings targets HOLMDEL, N.J. , Oct. 31, 2024 /PRNewswire/ -- Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has obtained approval from the New Jersey Board of Public Utilities (BPU) to expand its energy efficiency programs.

JCP&L Expanding Energy Efficiency Offerings

FirstEnergy Corp. (NYSE:FE ) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Gina Caskey - Director, Investor Relations & Corporate Responsibility Brian Tierney - President and Chief Executive Officer Jon Taylor - Senior Vice President, Chief Financial Officer and Strategy Conference Call Participants Shahriar Pourreza - Guggenheim Securities Nick Campanella - Barclays David Arcaro - Morgan Stanley Steve Fleishman - Wolfe Research Michael Lonegan - Evercore ISI Anthony Crowdell - Mizuho Securities Angie Storozynski - Seaport Global Paul Patterson - Glenrock Associates Sophie Karp - KeyBanc Capital Markets Andrew Weisel - Scotia Howard Weil Paul Fremont - Ladenburg Thalmann Operator Hello, and welcome to the FirstEnergy Corp. Third Quarter 2024 Earnings Conference Call. As a reminder, this conference is being recorded.

FirstEnergy Corp. (FE) Q3 2024 Earnings Call Transcript

FE third-quarter earnings and revenues lag estimates due to higher storm restoration costs. The company will maintain its five-year capital expenditure plan.

FirstEnergy Misses on Q3 Earnings and Sales, Lowers '24 EPS View

FirstEnergy (FE) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.88 per share a year ago.

FirstEnergy (FE) Lags Q3 Earnings and Revenue Estimates

Utility firm FirstEnergy missed third-quarter profit estimates on Tuesday, hurt by higher storm restoration expenses and lower tax benefits.

FirstEnergy misses quarterly profit estimates, narrows forecast

Reports third quarter 2024 GAAP earnings from continuing operations of $0.73 per share and operating (non-GAAP) earnings of $0.85 per share, within guidance range Narrows full-year 2024 operating (non-GAAP) earnings guidance to $2.61 to $2.71 per share  Increases 2024 capital investment plan from $4.3 billion to $4.6 billion, an increase of approximately 7%, and 24% higher than 2023 Affirms targeted 6-8% long-term annual operating earnings growth AKRON, Ohio , Oct. 29, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported third quarter 2024 GAAP earnings from continuing operations of $419 million, or $0 .73 per basic and diluted share, on revenue of $3.7 billion. This compares to third quarter 2023 GAAP earnings from continuing operations of $421 million, or $0.74 per basic share ($0.73 diluted), on revenue of $3.5 billion.

FirstEnergy Announces Third Quarter 2024 Financial Results

If approved by PUCO, companies would revert to a previous rate plan AKRON, Ohio , Oct. 29, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) Ohio electric companies – Ohio Edison, The Illuminating Company, and Toledo Edison – have filed a notice with the Public Utilities Commission of Ohio (PUCO) to withdraw their current Electric Security Plan (ESP) 5, which took effect on June 1. If approved by the PUCO, the companies would revert to their prior ESP4, which was in effect through May 31, 2024.

FirstEnergy's Ohio Electric Companies File to Withdraw Electric Security Plan

AKRON, Ohio , Oct. 29, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that Karen McClendon has been named Senior Vice President and Chief Human Resources Officer (CHRO), effective Nov. 11. In this role, McClendon will spearhead efforts to integrate and advance the company's human capital strategy, ensuring alignment with the strategic vision to establish FirstEnergy as a premier electric company.

FirstEnergy Names Karen McClendon Senior Vice President and Chief Human Resources Officer

FE's third-quarter 2024 results are expected to benefit from the enhancement of service reliability and the installation of a new transformer at its substation.

FirstEnergy to Release Q3 Earnings: Here's What You Need to Know

New Penelec equipment to enhance electric service reliability for more than 1,000 customers ERIE, Pa. , Oct. 24, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business as Penelec in northwestern Pennsylvania, recently energized a new transformer at a substation in Bradford to enhance electric service reliability for more than 1,000 customers in Bradford and Bradford Township, including the University of Pittsburgh's Bradford campus.

New Transformer Installed and Energized in Downtown Bradford Substation

Nearly 4,900 West Penn Power Customers Will Benefit from the Upgrades GREENSBURG, Pa. , Oct. 23, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as West Penn Power in western Pennsylvania, is upgrading its power system in Allegheny County to help prevent lengthy service interruptions, particularly during severe weather.

New Remote-Controlled Equipment to Prevent or Shorten Power Disruptions in Western Pennsylvania

DTE Energy

NextEra Energy

3 Wind Energy Stocks to Buy Ahead of Earnings Results. These are: DTE, FE, NEP.

3 Wind Energy Stocks to Buy Ahead of Q3 Earnings Releases

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.

FirstEnergy (FE) Reports Next Week: Wall Street Expects Earnings Growth

FirstEnergy line rebuild to benefit 1,300 customers and meet increased power demand  READING, Pa. , Oct. 22, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as Met-Ed in northeastern Pennsylvania, recently upgraded its distribution system in southeast Monroe County to help prevent service disruptions and accommodate ongoing residential and commercial growth.

Work Completed to Meet Future Energy Demands of Monroe County

The 20,000-square-foot facility is located within Ohio Edison's service area AKRON, Ohio , Oct. 21, 2024 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), recently completed construction on a new operations service center in North Jackson, Mahoning County, to help streamline operations and maximize efficiencies along the local high-voltage power system. The nearly 20,000-square-foot facility, centrally located within Ohio Edison's greater Youngstown service area, provides company personnel with efficient access to heavy-duty transmission equipment and materials to help enhance electric service reliability and minimize the impact of service disruptions for customers in the area.

New Transmission Service Center in Mahoning County Centralizes Resources and Speeds Up Response to Service Disruptions

OGE Energy

Investors looking for stocks in the Utility - Electric Power sector might want to consider either FirstEnergy (FE) or OGE Energy (OGE). But which of these two stocks presents investors with the better value opportunity right now?

FE or OGE: Which Is the Better Value Stock Right Now?

Mon Power and Potomac Edison complete 27-acre solar site in Rivesville FAIRMONT, W.Va. , Oct. 18, 2024 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have completed their second utility-scale solar site in West Virginia, less than a year after energizing their first solar site at Fort Martin Power Station in Maidsville.

New Solar Site in Marion County, West Virginia, Generating Clean Energy

Nearly 8,700 customers in rural communities to benefit from the projects FAIRMONT, W.Va. , Oct. 16, 2024 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), are on track to complete five projects by the end of 2024 that will enhance electric service reliability for nearly 8,700 customers in rural communities by reducing the number and duration of outages they experience, particularly during severe weather.

Work Underway to Enhance Electric Service Reliability for FirstEnergy's West Virginia Customers

Project to enhance reliability for more than 3,000 customers in four West Virginia counties FAIRMONT, W.Va. , Oct. 11, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Mon Power has been awarded $5 million in federal funding by the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) for a project that will enhance electric service reliability for customers in parts of rural West Virginia.

Mon Power Awarded Reliability Project Grant by U.S. Department of Energy

Many crews expected to transition from Helene aid in Carolinas and Georgia AKRON, Ohio , Oct. 9, 2024 /PRNewswire/ -- As Hurricane Milton bears down on the west coast of Florida, FirstEnergy Corp. (NYSE: FE) electric companies are sending more than 580 line workers and support personnel to assist Florida Power & Light and Duke Energy with anticipated power restoration efforts following the storm. Many of the crews previously involved in restoring power after Hurricane Helene in the Carolinas and Georgia will be transitioning to Florida in the upcoming days.

FirstEnergy Electric Crews Mobilize to Assist with Anticipated Power Restoration Efforts in Florida Following Hurricane Milton

American Electric Power Company

Dominion Energy

FE, Dominion Energy and American Electric jointly propose to develop transmission projects in the PJM region to support the grid and promote clean energy production.

FirstEnergy, Dominion & AEP Propose New Transmission Projects in PJM

AKRON, Ohio , Oct. 8, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the third quarter and first nine months of 2024 after markets close on Tuesday, October 29. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 9 a.m.

FirstEnergy to Webcast Third Quarter Earnings Teleconference

Companies jointly propose electric transmission projects to serve region's growing power demand through PJM's competitive planning process Collaboration leverages expertise of industry leaders to propose comprehensive, cost-effective solutions that promote regional grid reliability AKRON, Ohio , Oct. 7, 2024 /PRNewswire/ -- FirstEnergy Corp., Dominion Energy Virginia and American Electric Power have entered into an innovative joint planning agreement to propose several new regional electric transmission projects across multiple states within the PJM footprint. The innovative collaboration comes at a time when efficient and cost-effective regional transmission development is essential and encouraged by the Federal Energy Regulatory Commission (FERC), the independent federal agency that regulates the interstate transmission of electricity.

FirstEnergy, Dominion Energy, American Electric Power reach joint planning agreement to propose regional transmission projects across PJM footprint

Companies jointly propose electric transmission projects to serve region's growing power demand through PJM's competitive planning process Collaboration leverages expertise of industry leaders to propose comprehensive, cost-effective solutions that promote regional grid reliability RICHMOND, Va. , Oct. 7, 2024 /PRNewswire/ -- Dominion Energy Virginia, American Electric Power and FirstEnergy Corp. have entered into an innovative joint planning agreement to propose several new regional electric transmission projects across multiple states within the PJM footprint.

Dominion Energy, American Electric Power, FirstEnergy reach joint planning agreement to propose regional transmission projects across PJM footprint

Removal of dead and diseased trees in 2024 has already surpassed 2023 HOLMDEL, N.J. , Oct. 7, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has removed an increasing number of dead and diseased ash trees in portions of its New Jersey service territory this year as part of an effort to reduce power outages caused by at-risk trees near power lines.

News for FirstEnergy Stock (FE)