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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.

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.

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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.

Company is transitioning to a new, paid apprentice program MORRISTOWN, N.J. , July 5, 2023 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 29 graduates of its 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.

JCP&L Welcomes New Line and Substation Graduates from Training Program

Company is transitioning to a new, paid apprentice program FAIRMONT, W.Va. , July 5, 2023 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired eight new 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.

Mon Power Welcomes New Line and Substation Graduates from Training Program

Company is transitioning to a new, paid apprentice program WILLIAMSPORT, Md. , July 5, 2023 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 13 recent 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.

Potomac Edison Welcomes New Line and Substation Graduates from Training Program

FirstEnergy's (FE) subsidiary Pelenec remains dedicated to strengthening the distribution system to support greater demand and prevent outages.

FirstEnergy's (FE) Unit Penelec Upgrades Underground Network

Project to benefit nearly 1,000 customers in downtown Johnstown area ERIE, Pa. , June 28, 2023 /PRNewswire/ -- Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), has begun a significant project to help prevent or minimize service disruptions in downtown Johnstown, Cambria County, by reinforcing its underground electrical network.

Penelec Upgrading Underground Electrical Network in Cambria County

2023 tabletop drill familiarizes employees with storm roles and processes READING, Pa. , June 27, 2023 /PRNewswire/ -- Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), recently completed its annual emergency preparation drill focused on testing its storm restoration process in the event severe weather causes outages throughout its vast and heavily forested service area.

Met-Ed Conducts Annual Storm Restoration Drill to Help Employees Prepare for Severe Weather Events

2023 tabletop drill familiarizes employees with storm roles and processes GREENSBURG, Pa. , June 27, 2023 /PRNewswire/ -- West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), recently completed its annual emergency preparation drill focused on testing its storm restoration process in the event severe weather causes outages throughout its vast and heavily forested service area.

West Penn Power Conducts Annual Storm Restoration Drill to Help Employees Prepare for Severe Weather Events

Appliance recycling and rebate programs to offer incentives to customers AKRON, Ohio , June 22, 2023 /PRNewswire/ -- FirstEnergy Corp's (NYSE: FE) Ohio subsidiaries Ohio Edison, The Illuminating Company and Toledo Edison are now offering, at no cost to customers, appliance recycling and rebate programs as well as initiatives to commercial and industrial customers to help save energy and reduce their electric bills. The programs, provided under the companies' current Electric Security Plan IV until May 2024, also aim to promote sustainable practices and provide valuable incentives for participants.

FirstEnergy's Ohio Electric Companies Offer Energy Efficiency Programs

FirstEnergy's (FE) subsidiary Potomac Edison remains committed to assisting customers in saving money and stabilizing their electricity bills.

FirstEnergy's (FE) Unit Potomac Edison Gets PSC Approval

Warrior Run power generation contract to end seven years early WILLIAMSPORT, Md. , June 21, 2023 /PRNewswire/ -- The Maryland Public Service Commission (PSC) has approved a proposal from Potomac Edison, a subsidiary of FirstEnergy (NYSE: FE), to buy out its contract with AES's Warrior Run generating station approximately seven years early, potentially saving customers nearly $80 million.

Maryland Public Service Commission Approves Potomac Edison Proposal Aimed at Saving Customers Up to $80 Million

AKRON, Ohio , June 20, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) received an Emergency Recovery Award from the Edison Electric Institute (EEI) in recognition of its outstanding response in restoring power to more than 569,000 customers in portions of its Ohio, Pennsylvania and West Virginia service areas following severe weather that produced heavy rainfall and high winds. This is the 18th consecutive year FirstEnergy has been recognized by EEI for its storm response efforts.

FirstEnergy Receives Industry Award for March 2023 Outage Restoration Efforts

Brings extensive background in energy policy and government and public affairs to lead company's external affairs activities AKRON, Ohio , June 20, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Amanda Mertens Campbell has been named vice president, External Affairs, effective July 10. Campbell will lead and oversee local, state and federal external affairs for FirstEnergy.

FirstEnergy Names Amanda Mertens Campbell Vice President, External Affairs

Utilities sector now at a discount to the S&P 500's earnings multiple after months of price underperformance. I am upgrading FirstEnergy (FE) from a sell to a hold due to a better valuation situation on an absolute basis and relative to the broader market. FE's stock is priced reasonably despite ongoing operational and regulatory uncertainties, with a mid-teens earnings-multiple profile.

FirstEnergy: Consistent Earnings, Fair Valuation, Upgrading To Hold

FirstEnergy Corporation is a regulated electric utility that serves much of the Appalachian Basin. The company was affected more by the pandemic-related lockdowns than some of its peers, but it does still enjoy the stability that we typically appreciate. The company is positioned to deliver a 10% to 12% average total return to its shareholders over the next two years.

FirstEnergy: Attractive Valuation, But Higher Risks Than Peers

FirstEnergy's (FE) subsidiary, American Transmission Systems, makes upgrades to the transmission line in order to provide uninterrupted electricity in extreme weather conditions.

FirstEnergy (FE) Arm Upgrades High-Voltage Transmission Line

Installation of new wood poles and wires to enhance service reliability for area customers AKRON, Ohio , June 14, 2023 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), has upgraded a high-voltage transmission line in Clark County, Ohio, to reinforce the regional transmission system and enhance service reliability for approximately 35,000 customers in the area. The 69-kilovolt transmission line stretches just over 11 miles northeast through Springfield Township and Moorefield Township, with sections of the line running parallel to Interstate 68.

FirstEnergy Upgrades High-Voltage Power Line in Clark County

Foil balloons, drones, fireworks and power lines don't mix AKRON, Ohio , June 13, 2023 /PRNewswire/ -- With the first day of summer fast approaching, FirstEnergy Corp. (NYSE: FE) is reminding the public to be cautious of potential electrical hazards associated with popular outdoor activities. Celebrating responsibly will help keep customers safe and the electricity flowing reliably this season.

FirstEnergy Reminds Public to Have a Safety-First Summer

FirstEnergy (FE) completes annual inspection and maintenance of its high-voltage power lines to ensure reliable power for customers this summer.

FirstEnergy (FE) Completes Annual Transmission Line Inspections

Extensive risk management expertise in electric industry will help company elevate its risk program to best-in-class AKRON, Ohio , June 9, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Abigail Phillips has been named vice president and chief risk officer, effective July 10. In this role, she will execute a risk program that reflects FirstEnergy's core values and behaviors; implement robust processes, procedures and standards to identify, mitigate and prevent risks across the company; and support efforts by the Board of Directors and senior leadership to implement, review and approve the company's enterprise-wide risk governance and compliance framework.

FirstEnergy Names Abigail Phillips Vice President and Chief Risk Officer

Company offers tips for customers to manage rising temperatures and energy costs READING, Pa. , June 8, 2023 /PRNewswire/ -- With the hot, humid summer months expected to produce higher electric usage and potentially severe weather, Met-Ed, a FirstEnergy Corp. (NYSE: FE) subsidiary, is completing inspections and conducting proactive equipment maintenance across its 14-county eastern and south-central Pennsylvania service area to help enhance service reliability for customers.

Met-Ed Conducting Inspections and Maintenance to Help Enhance Service Reliability for Customers Through Summer Season

Company offers tips to help customers save energy during peak heat months MORRISTOWN, N.J. , June 8, 2023 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed equipment inspections and maintenance throughout its central and northern New Jersey service area to prepare the electric grid for the hot summer months and potential severe weather that comes with the season.

JCP&L Completes Inspections to Prepare Electric Grid for Summer Weather

Company offers tips for customers to manage rising temperatures and energy costs FAIRMONT, W.Va. , June 8, 2023 /PRNewswire/ -- In anticipation of increased electric use along with the potential for seasonal storms, FirstEnergy Corp.'s (NYSE: FE) subsidiaries Mon Power and Potomac Edison are completing equipment inspections, preventive maintenance and tree-trimming work across their West Virginia service areas to help reduce the potential for outages and improve reliability for customers this summer.

Mon Power and Potomac Edison Complete Proactive Work to Help Reduce Outages for West Virginia Customers This Summer

Company offers tips for customers to manage rising temperatures and energy costs GREENSBURG, Pa. , June 8, 2023 /PRNewswire/ -- With the hot, humid summer months expected to produce higher electric usage and potentially severe weather, West Penn Power, a FirstEnergy Corp. (NYSE: FE) subsidiary, is completing inspections and conducting proactive equipment maintenance in its 24-county western and central Pennsylvania service area to help enhance service reliability for customers.

West Penn Power Conducting Inspections and Maintenance to Help Enhance Service Reliability for Customers Through Summer Season

Company offers tips for customers to manage rising temperatures  and energy costs WILLIAMSPORT, Md. , June 8, 2023 /PRNewswire/ -- In anticipation of increased electric use along with the potential for seasonal storms, Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is completing equipment inspections, preventive maintenance and tree-trimming work across its Maryland service territory to help reduce potential weather-related outages and improve reliability for customers this summer.

Potomac Edison Completes Proactive Work to Help Reduce Outages for Maryland Customers This Summer

Company offers tips for customers to manage rising temperatures and energy costs NEW CASTLE, Pa. , June 8, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Penn Power recently completed proactive equipment inspections and maintenance to reinforce the electric system against extreme heat and severe weather this summer.

News for FirstEnergy Stock (FE)