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Distribution services and retail generation

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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 offers tips for customers to manage rising temperatures and energy costs ERIE, Pa. , June 8, 2023 /PRNewswire/ -- With the hot, humid summer months expected to produce higher electric usage and potentially severe weather, Penelec, a FirstEnergy Corp. (NYSE: FE) subsidiary, is completing inspections and conducting proactive equipment maintenance across its 31-county northern and central Pennsylvania service area to help enhance service reliability for customers.

Penelec Conducting Inspections and Maintenance to Help Enhance Service Reliability for Customers Through Summer Season

Pat Mullin and Tonya Shelton recognized for efforts to empower women, eliminate racism AKRON, Ohio , June 7, 2023 /PRNewswire/ -- Two FirstEnergy Corp. (NYSE: FE) employees based in northeast Ohio have been named Women of Professional Excellence by the YWCA of Greater Cleveland. Patricia Mullin, acting president of the company's Ohio operations, and Tonya Shelton, a human resources representative, were honored at the organization's Women of Achievement Awards event on May 23.

Two FirstEnergy Employees Named Women of Professional Excellence by YWCA of Greater Cleveland

Work includes trimming along more than 3,400 miles of power lines in 2023 MORRISTOWN, N.J. , June 7, 2023 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is investing approximately $34 million in 2023 to trim trees along more than 3,400 miles of power lines across its 13-county central and northern New Jersey service area.

JCP&L's $34 Million Tree-Trimming Initiative Aims to Reduce Impact of Outages

Work includes aerial inspections and tree trimming along high-voltage power lines AKRON, Ohio , June 6, 2023 /PRNewswire/ -- To help ensure reliable power for customers this summer, FirstEnergy Corp. (NYSE: FE) and its transmission subsidiaries have completed annual inspections and maintenance of their high-voltage power lines and equipment in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and Virginia. "The transmission system delivers power from generation sources to local substations and lines serving homes and businesses, acting as the interstate highway system of the electric grid," said Carl Bridenbaugh, vice president of transmission at FirstEnergy.

FirstEnergy Takes Proactive Steps to Prepare Transmission System for Summer

Company to suspend streetlight service in some areas to deter flies from gathering AKRON, Ohio , June 6, 2023 /PRNewswire/ -- As communities along Lake Erie prepare for the mass arrival of mayflies this summer, FirstEnergy Corp. (NYSE: FE) subsidiary Ohio Edison is proactively working with local municipalities to keep roads along the lakeshore safe by temporarily turning off streetlights to deter swarms of the insects. Mayflies are attracted to streetlights and can create hazardous driving conditions when large numbers accumulate along roads and bridges near the lights.

Ohio Edison to Help Keep Lakeshore Roads Safe During Mayfly Season

FirstEnergy Corporation's (FE) ongoing investments to further strengthen its infrastructure. The Energizing the Future project is expected to improve its overall operating efficiency.

FirstEnergy (FE) to Gain From Investments & Regulated Operation

Project is part of larger 64-mile line rebuild to enhance reliability AKRON, Ohio , June 2, 2023 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), has upgraded nine miles of a high-voltage power line in Carroll and Harrison counties in Ohio to strengthen the regional transmission system. The second phase of a larger 64-mile transmission line project, the rebuilt segment will enhance service reliability for Ohio Edison customers, improve system resiliency and accommodate increasing customer demand for electricity in the future.

FirstEnergy Completes Nine-Mile Transmission Line Upgrade in Eastern Ohio

Proposed residential rates remain lowest among state's regulated electric utilities FAIRMONT, W.Va. , June 1, 2023 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have requested a review of their base electric rates by the West Virginia Public Service Commission (PSC).

Mon Power and Potomac Edison File Rate Review to Support Continued Service Reliability and New Customer Advocacy Program in West Virginia

Board Chair, Interim President and CEO John W. Somerhalder addresses shareholders Company announces preliminary voting results Brian X.

FirstEnergy Holds 2023 Annual Meeting

Video available to schools, driver training programs and first responders to demonstrate safe accident response AKRON, Ohio , May 18, 2023 /PRNewswire/ -- As part of its on-going "Stop.Look.Live." public safety campaign, FirstEnergy Corp. (NYSE: FE) has produced a video to teach drivers, emergency responders and bystanders tips for staying safe when a vehicle accident involves electrical equipment.

FirstEnergy Offers Safety Tips for Vehicle Accidents Involving Utility Equipment

Project to benefit customers in Birmingham, Warriors Mark and nearby areas ERIE, Pa. , May 17, 2023 /PRNewswire/ -- Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), is completing work to enhance its energy delivery system in Blair and Huntingdon counties to help prevent or minimize the length of service disruptions, particularly during severe weather.

Penelec Completing Upgrades to Electric System in Central Pennsylvania

EV drivers can voluntarily opt in to the new time-of-use rate WILLLIAMSPORT, Md., May 17, 2023 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is now offering electric vehicle (EV) drivers the option to enroll in a program that can help them save money by charging their EV during off-peak hours.

Potomac Edison Incentivizes Electric Vehicle Charging During Off-Peak Hours to Save Residential Customers Money and Take Pressure Off the Electric Grid

MORRISTOWN, N.J. , May 16, 2023 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is on track to plant more than 3,200 trees donated by FirstEnergy across its New Jersey service area this year, more than double the number of trees donated last year.

FirstEnergy to Donate and Plant More Than 3,200 Trees Across New Jersey in 2023

" Standard Offer Service" rate rising June 1 following higher competitive auction prices WILLIAMSPORT, Md. , May 10, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is encouraging Maryland customers of its subsidiary Potomac Edison to evaluate electric supply offers from competitive suppliers that fit their budget and protect against rising energy prices this summer.

Potomac Edison Encourages Maryland Customers to Review Options to Help Manage Summer Electric Bills

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FAIRMONT, W.Va. , May 3, 2023 /PRNewswire/ -- Employee volunteers from FirstEnergy's (NYSE:FE) subsidiary Mon Power are in the fast lane to protecting the environment, collecting more than 5,000 pounds of litter since 2021 along the road leading to its Harrison Power Station.

Mon Power Employees Remove More than 5,000 Pounds of Trash and Recyclables from Route 20 through Adopt-A-Highway Program

NEW CASTLE, Pa. , May 2, 2023 /PRNewswire/ -- In celebration of Earth and Arbor Days, FirstEnergy Corp. (NYSE: FE) has donated nearly 700 trees to organizations in Mercer County, Pennsylvania.

FirstEnergy Donates, Plants Nearly 700 Trees in Mercer County to Celebrate Earth and Arbor Days

Upgraded line will enhance reliability for thousands of Met-Ed customers GREENSBURG, Pa. , May 1, 2023 /PRNewswire/ -- Mid-Atlantic Interstate Transmission (MAIT), a subsidiary of FirstEnergy Corp. (NYSE: FE), has rebuilt a high-voltage power line in Lebanon County, Pennsylvania, to enhance electric system reliability.

FirstEnergy Transmission Subsidiary Upgrades High-Voltage Power Line in Lebanon Valley

JCP&L leader recognized for supporting career opportunities in diverse communities MORRISTOWN, N.J. , May 1, 2023 /PRNewswire/ -- Jim Fakult, president of New Jersey Operations for FirstEnergy Corp. (NYSE: FE) and its subsidiary Jersey Central Power & Light (JCP&L), has been honored with the Difference Maker Award by the Morris County chapter of the Urban League.

JCP&L President Jim Fakult Receives Difference Maker Award from Morris County Urban League

AKRON, Ohio , May 1, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) ("FirstEnergy") announced today that it intends to offer, subject to market and other conditions, $1.0 billion aggregate principal amount of convertible senior notes due 2026 (the "convertible notes") in a private placement under the Securities Act of 1933, as amended (the "Securities Act"). FirstEnergy also intends to grant to each of the initial purchasers of the convertible notes an option to purchase, within a 13-day period from, and including, the date on which the convertible notes are first issued, up to an additional $150 million aggregate principal amount of the convertible notes.

FirstEnergy Announces Proposed Offering of $1.0 Billion of Convertible Senior Notes Due 2026

FirstEnergy Corp. (NYSE:FE ) Q1 2023 Earnings Conference Call April 28, 2023 10:00 AM ET Company Participants Irene Prezelj - Vice President, Investor Relations and Communications John Somerhalder - Board Chair, Interim President and Chief Executive Officer Jon Taylor - Senior Vice President and Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Jeremy Tonet - JPMorgan Steve Fleishman - Wolfe Research David Arcaro - Morgan Stanley Angie Storozynski - Seaport Global Sophie Karp - KeyBanc Gregg Orrill - UBS Julien Dumolin-Smith - Bank of America Anthony Crowdell - Mizuho Andrew Weisel - Scotiabank Operator Greetings and welcome to the FirstEnergy Corp First Quarter Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

FirstEnergy Corp. (FE) Q1 2023 Earnings Call Transcript

FirstEnergy's (FE) first-quarter earnings miss estimates, while revenues surpass the same.

FirstEnergy's (FE) Q1 Earnings Lag Estimates, Revenues Beat

FirstEnergy (FE) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.60 per share a year ago.

FirstEnergy (FE) Q1 Earnings Miss Estimates

Reports first quarter 2023 GAAP earnings of $0.51 per share and operating (non-GAAP) earnings of $0.60 per share Updates full-year GAAP forecast, affirms 2023 operating guidance and  provides outlook for the second quarter Affirms targeted 6-8% long-term annual operating earnings per share growth rate AKRON, Ohio , April 27, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported first quarter 2023 GAAP earnings of $292 million, or $0.51 per basic and diluted share, on revenue of $3.2 billion. In the first quarter of 2022, the company reported GAAP earnings of $288 million, or $0.51 per basic share of common stock ($0.50 diluted), on revenue of $3.0 billion.

News for FirstEnergy Stock (FE)