Revenue segments as reported by the company.

Distribution services and retail generation

Transmission

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

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

Fuel

Purchased power

Other operating expenses

Provision for depreciation

Amortization (deferral) of regulatory assets, net

General taxes

DPA penalty

Gain on sale of Yards Creek

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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.

Outstanding Shares

Market Cap

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

Revenue Multiple

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

AKRON, Ohio , Aug. 26, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) utilities continue restoring power to customers affected by severe thunderstorms over the past several days. Six tornados were confirmed to have touched down within the company's Ohio and Pennsylvania service area, and winds exceeding 70 mph in places coupled with flooding caused by more than four inches of rain significantly impacted the electric system.

MEDIA ADVISORY - FirstEnergy Power Restoration Efforts Progress

WEC Energy Group

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of FirstEnergy (FE) and WEC Energy Group (WEC). But which of these two companies is the best option for those looking for undervalued stocks?

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

FirstEnergy's (FE) subsidiary, Penelec, announces the installation of 350 automated TripSaver, which will help increase service reliability and reduce duration of power outages.

FirstEnergy's (FE) Unit Penelec to Install TripSaver Devices

ERIE, Pa. , Aug. 17, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Penelec is on track this year to install about 350 automated "TripSaver" reclosing devices along neighborhood power lines in its service area to help limit the frequency, duration and scope of service interruptions. The programmable devices work like a circuit breaker in a home with the added benefit of automatically re-energizing a power line within seconds to keep power safely flowing to customers.

Penelec Installing New Automated Tripsaver Devices to Help Reduce Duration of Power Outages

FAIRMONT, W.Va. , Aug. 16, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Mon Power is using a helicopter equipped with an aerial saw to trim trees and ensure proper clearance around nearly 600 miles of high-voltage transmission lines in its West Virginia service area.

Mon Power Deploys Aerial Saw to Trim Trees in Hard-to-Access Areas

Replacement of underground cable expected to benefit about 2,500 customers MORRISTOWN, N.J. , Aug. 16, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power & Light (JCP&L) is nearing completion of a cable replacement project to enhance electric service reliability for customers in Toms River, Ocean County.

JCP&L Nearing Completion of Electric Service Reliability Project in Toms River

Projects designed to enhance electric service reliability for nearly 5,000 customers GREENSBURG, Pa. , Aug. 14, 2023 /PRNewswire/ -- West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is upgrading its electrical distribution system in Westmoreland County to help prevent lengthy service interruptions, particularly during severe weather.

Work Underway to Upgrade West Penn Power's Electrical System in Westmoreland County

Switch to LEDs estimated to save city nearly $150,000 in electricity costs each year BRECKSVILLE, Ohio , Aug. 10, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary The Illuminating Company is teaming with the City of North Olmsted in Cuyahoga County to begin a $590,000 streetlight conversion project later this year to replace about 2,440 existing streetlight fixtures with LED lights. The new LEDs are about 50% more efficient than the previous high-pressure sodium lights and are expected to save the city an estimated $144,650 in energy costs annually.

The Illuminating Company to Install Nearly 2,500 LED Streetlights in North Olmsted

Project will strengthen grid and enhance reliability for 7,000 area customers AKRON, Ohio , Aug. 9, 2023 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), has upgraded eight miles of two high-voltage power lines in Lake and Geauga counties in Ohio, stringing new wires that can handle additional demand if other lines in the region are out of service. The project will strengthen the regional transmission system and enhance service reliability for 7,000 customers of The Illuminating Company.

FirstEnergy Completes Eight-Mile Transmission Line Upgrade in Northeastern Ohio

MORRISTOWN, N.J. , Aug. 7, 2023 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed helicopter patrols to inspect vegetation along more than 400 miles of high-voltage transmission lines in its New Jersey service area.

JCP&L Completes Aerial Inspections of Vegetation Along High-Voltage Power Lines

FirstEnergy Corp. (NYSE:FE ) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Irene Prezelj - Vice President, Investor Relations and Communications Brian Tierney - President & Chief Executive Officer Jon Taylor - Senior Vice President and Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Steve Fleishman - Wolfe Research Shar Pourreza - Guggenheim Partners Julien Dumolin-Smith - Bank of America Angie Storozynski - Seaport Global Sophie Karp - KeyBanc Capital Markets Gregg Orrill - UBS Paul Patterson - Glenrock Associates Operator Greetings and welcome to the FirstEnergy Corp Second Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

FirstEnergy Corp. (FE) Q2 2023 Earnings Call Transcript

Aerial crew to help install new insulators along transmission corridor AKRON, Ohio , Aug. 2, 2023 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), is using helicopters and ground crews to replace more than 550 insulators and attachments along a 35-mile section of a transmission line that runs through Mahoning, Columbiana and Jefferson counties in northeast Ohio. The highly visible work will help ensure the regional electric grid remains reliable and resilient.

FirstEnergy Upgrading Transmission Equipment Via Helicopter in Northeast Ohio

First Energy's (FE) second-quarter earnings benefit from utility investment programs and lower operating expenses. FE is now focused on sustainable growth and improving the reliability of operations.

FirstEnergy's (FE) Q2 Earnings and Revenues Beat Estimates

FirstEnergy (FE) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.53 per share a year ago.

FirstEnergy (FE) Surpasses Q2 Earnings and Revenue Estimates

FirstEnergy Corp beat market estimates for second-quarter profit on Tuesday, as cost cuts and higher supply rates helped offset lower electricity demand due to unfavourable weather.

FirstEnergy profit beats estimates on lower costs

Reports second quarter 2023 GAAP earnings of $0.41 per share and operating (non-GAAP) earnings of $0.47 per share Affirms 2023 operating guidance and provides outlook for the third quarter Affirms targeted 6-8% long-term annual operating earnings per share growth rate AKRON, Ohio , Aug. 1, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported second quarter 2023 GAAP earnings of $235 million, or $0.41 per basic and diluted share, on revenue of $3.0 billion. In the second quarter of 2022, the company reported GAAP earnings of $187 million, or $0.33 per basic and diluted share of common stock, on revenue of $2.8 billion.

FirstEnergy Announces Second Quarter 2023 Financial Results

Consolidated Water

Entergy

Ingredion

Lamb Weston Hlds

The Fed raised interest rates again and has indicated more hikes. It would be wise to invest in stocks like Ingredion (INGR), Consolidated Water (CWCO), Lamb Weston Holdings, Inc. (LW), Entergy Corporation (ETR) and FirstEnergy (FE).

5 Safe Stocks to Buy as Fed Resumes Interest Rate Hikes

BRECKSVILLE, Ohio , July 26, 2023 /PRNewswire/ -- The Illuminating Company, a subsidiary of FirstEnergy Corp. (NYSE: FE), is enhancing its underground power system in eastern Cuyahoga County with a cable upgrade that will help boost service reliability for area customers. This work complements more than $15 million in upgrades to the company's underground system over the past five years to benefit nearly 536,000 customers in Cuyahoga County.

Work Underway to Enhance The Illuminating Company's Underground Power System in Eastern Cuyahoga County

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.

Analysts Estimate FirstEnergy (FE) to Report a Decline in Earnings: What to Look Out for

California Water Service Group

The Fed is likely to go for another interest rate hike this week as inflation is still high. Invest in utility stocks like Consolidated Water Co. Ltd.

4 Low-Beta Utility Stocks to Buy Ahead of Fed's Likely Rate Hike

Pennsylvania solar farms to generate 220 megawatts of renewable energy GREENSBURG, Pa. , July 19, 2023 /PRNewswire/ -- West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has begun work to connect a pair of solar energy projects in Fulton and Franklin counties to the electric grid.

West Penn Power Connecting Two Solar Projects to Electric Grid

Company is working to create 225 pollinator-friendly acres by 2025 GREENSBURG, Pa. , July 13, 2023 /PRNewswire/ -- While performing work to strengthen the electric grid in northeastern Pennsylvania, FirstEnergy Corp. (NYSE: FE) has seeded nearly three acres of right of way along a high-voltage transmission line in Bradford and Susquehanna counties with a native seed mix designed to establish pollinator-friendly habitat.

FirstEnergy Developing Pollinator Habitat Along Pennsylvania Transmission Line

WILLIAMSPORT, Md. , July 10, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Potomac Edison is using a helicopter equipped with an aerial saw to trim trees and ensure proper clearance around high-voltage power lines and electrical equipment along nearly 45 transmission corridors in Maryland, West Virginia and Virginia.

Potomac Edison Deploys Aerial Saw to Trim Trees in Hard-to-Access Areas

Company is transitioning to a new, paid apprentice program AKRON, Ohio , July 5, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) Ohio subsidiaries Ohio Edison, The Illuminating Company and Toledo Edison have hired a combined 46 graduates of Power Systems Institute (PSI), a two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric companies. This will be one of the last graduating classes of PSI as the company transitions to a new, paid apprentice program to best meet the needs of future line and substation personnel.

FirstEnergy's Ohio Utilities Welcome New Line and Substation Graduates from Training Program

Company is transitioning to a new, paid apprentice program GREENSBURG, Pa. , July 5, 2023 /PRNewswire/ -- FirstEnergy Corp's (NYSE: FE) Pennsylvania subsidiaries – Met-Ed, Penelec, Penn Power and West Penn Power – have hired a combined 72 graduates of Power Systems Institute (PSI), a two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric companies.

News for FirstEnergy Stock (FE)