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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.

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.

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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.

Project includes 53 new structures along 40-mile line MORRISTOWN, N.J. , March 2, 2023 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has begun upgrading a high-voltage transmission line in Hunterdon, Morris and Warren counties in New Jersey.

JCP&L Installing New Transmission Line Structures to Improve System Reliability and Prevent Unplanned Power Outages for Customers

Switch to LEDs estimated to save city $30,000 in electricity costs each year TOLEDO, Ohio , March 2, 2023 /PRNewswire/ -- In a residential neighborhood along Cricket Lane in Perrysburg, FirstEnergy electric company (NYSE: FE) Toledo Edison has installed the first of about 1,000 LED streetlight fixtures to kick off the City of Perrysburg's $251,000 streetlight conversion project.  The new LEDs are about 50% more efficient than the previous high-pressure sodium lights and are expected to save the city an estimated $30,000 in energy costs annually.

Toledo Edison Begins Installation of 1,000 LED Streetlights in Perrysburg

ERIE, Pa. , Feb. 27, 2023 /PRNewswire/ -- Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), has begun a significant project to install new underground electric cable to enhance service reliability for more than 5,000 residents and several businesses in Treasure Lake, a residential community just north of DuBois, Pa., in Clearfield County.

Penelec's Underground Cable Replacement Project to Help Enhance Electric Service to Treasure Lake Community

CRA International

BOSTON--(BUSINESS WIRE)--CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.

FirstEnergy's Pennsylvania Default Service Program DSP-VI Auctions: Information Session for Prospective Bidders on Wednesday, February 22, 2023

Largest landfill solar project in North America now delivering clean energy MORRISTOWN, N.J. , Feb. 15, 2023 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed a grid connection for a 19.8-megawatt solar project located at a former landfill property in Mount Olive, New Jersey, that is now delivering clean energy through FirstEnergy's transmission lines.

JCP&L Connects Solar Project in Mount Olive to Electric Grid

FirstEnergy Corp. (NYSE:FE ) Q4 2022 Results Conference Call February 14, 2023 11:00 AM ET Company Participants Irene Prezelj - VP of IR & Communications John Somerhalder - Interim President & CEO Jon Taylor - SVP, CFO & Strategy Conference Call Participants Nick Campanella - Credit Suisse Andy Storozynski - Seaport Global Steve Fleishman - Wolfe Research James Ward - Guggenheim Securities David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Bank of America Merrill Lynch Sophie Karp - KeyBanc Capital Markets Anthony Crowdell - Mizuho Securities Operator Greetings, and welcome to the FirstEnergy Corp. Fourth Quarter and Full Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

FirstEnergy Corp. (FE) Q4 2022 Earnings Call Transcript

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

FirstEnergy's (FE) Q4 Earnings Miss Estimates, Revenues Beat

FirstEnergy (FE) delivered earnings and revenue surprises of -5.66% and 11.84%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

FirstEnergy (FE) Q4 Earnings Miss Estimates

Reports full year 2022 GAAP earnings of $0.71 per share and operating (non-GAAP) earnings of $2.41 per share, above midpoint of guidance range Provides 2023 earnings guidance of $2.44 to $2.64 per share for the full year and $0.56 to $0.66 per share for the first quarter Affirms targeted 6-8% long-term annual operating earnings growth Announces new dividend policy with 60-70% payout ratio AKRON, Ohio , Feb. 13, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported full year 2022 GAAP earnings of $406 million, or $0.71 per basic and diluted share, on revenue of $12.5 billion. In 2021, the company reported GAAP earnings of $1,283 million, or $2.35 per basic and diluted share, on revenue of $11.1 billion.

FirstEnergy Announces Fourth Quarter and Full Year 2022 Financial Results

Public education efforts driving steady decrease in balloon-related outages over recent years AKRON, Ohio , Feb. 13, 2023 /PRNewswire/ -- With Valentine's Day around the corner, FirstEnergy Corp. (NYSE: FE) is once again reminding customers about the public safety risks associated with helium-filled foil balloons. While these balloons have increased in popularity as decorations, they continue to cause power outages each year when released outdoors because their metallic coating conducts electricity and poses a risk to the electric system.

FirstEnergy Reminds Customers to Keep Loved Ones Warm and Cozy this Valentine's Day by Properly Handling Foil Balloons

WILLIAMSPORT, Md. , Feb. 8, 2023 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), invested nearly $10 million in 2022 to complete service reliability projects that will help enhance electric service and minimize the impact of power outages for thousands of customers in Maryland.

Potomac Edison Completes 2022 Service Reliability Projects to Enhance Electric System Reliability and Performance; Plans More in 2023

Bausch Health Companies Inc

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CVR Energy

Herc Hlds

Icahn Enterprises

Newell Brands

Southwest Gas Hlds

Xerox

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FAIRMONT, W. Va. , Feb. 6, 2023 /PRNewswire/ -- The FirstEnergy Foundation is granting $25,000 to the Central Appalachian Region of the American Red Cross to continue its important work in the Mon Power service area supporting the health and wellness of diverse community members through the American Red Cross Sickle Cell Initiative.

FirstEnergy Foundation Grants $25,000 to Central Appalachian Region of the American Red Cross to Support Sickle Cell Initiative

FirstEnergy's (FE) fourth-quarter results are expected to benefit from investments to strengthen the grid. However, higher operating expenses might have adversely impacted operations.

FirstEnergy (FE) to Report Q4 Earnings: What to Expect

The stock price of FirstEnergy Corp (NYSE: FE) fell by 3.61% in the most recent trading session. This is why.

FE Stock: 3.61% Decrease Explained

Brookfield Super-Core Infrastructure Partners to acquire additional 30% ownership interest in FirstEnergy Transmission, LLC (FET); FirstEnergy to remain majority owner and sole operator Attractive valuation and efficient form of financing support accelerated balance sheet improvements; nearly $1 billion increase in 5-year capital plan focused on smart grid and clean energy transition AKRON, Ohio , Feb. 2, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced it has entered into a definitive agreement to sell an additional 30% ownership interest in its FirstEnergy Transmission, LLC (FET) business to Brookfield Super-Core Infrastructure Partners (Brookfield). Upon closing of the transaction, proceeds from the $3.5 billion all-cash deal will further strengthen FirstEnergy's financial position and support its goal to be a premier utility with sustainable, long-term growth as it enables the clean energy transition.

FirstEnergy Announces $3.5 Billion Equity Capital Agreement to Further Enhance Financial Position and Support Sustainable, Long-Term Growth

Honor from national military support organization recognizes workplace and supplier diversity opportunities for veterans and their families AKRON, Ohio , Feb. 1, 2023 /PRNewswire/ -- For the eighth year in a row, FirstEnergy Corp. (NYSE: FE) has been designated as a Military Friendly® Company by Military Friendly, a national organization supporting the U.S. military and its veterans. In Military Friendly's 2023 survey, published annually by G.I.

FirstEnergy Earns 2023 Military Friendly® Company Award

BOSTON--( BUSINESS WIRE )--CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.'s (NYSE: FE) Ohio utilities to procure full requirements service for their Standard Service Offer customers. The auction process will lead up to the auction scheduled for March 20, 2023.

FirstEnergy Ohio Utilities' Competitive Bidding Process Auction: Information Session for Prospective Bidders on Wednesday, February 1, 2023

YOUNGSTOWN, Ohio , Jan. 31, 2023 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), recently broke ground 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, located within Ohio Edison's service area, will provide company personnel with direct 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.

Construction Underway on New FirstEnergy Transmission Service Center in Mahoning County

GREENSBURG, Pa. , Jan. 30, 2023 /PRNewswire/ -- West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is upgrading its distribution system in Allegheny and Washington counties to help prevent lengthy service interruptions, particularly during severe weather.

West Penn Power Electrical System Upgrades to Help Prevent Service Disruptions for Customers in Allegheny and Washington Counties

Gifts are part of the FirstEnergy Foundation's annual holiday philanthropic campaign ERIE, Pa. , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has granted surprise "Gifts of the Season" totaling $40,000 to four local nonprofits that are working to make lives better in communities within Penelec's service area.

FirstEnergy Foundation Presents "Gifts of the Season" Totaling $40,000 to Charitable Organizations in Penelec's Service Area

Gifts are part of the FirstEnergy Foundation's annual holiday philanthropic campaign GREENSBURG, Pa. , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has granted surprise "Gifts of the Season" totaling $50,000 to three local nonprofits that are working to make lives better in communities within the West Penn Power and Penn Power service areas.

FirstEnergy Foundation Presents "Gifts of the Season" Totaling $50,000 to Charitable Organizations in West Penn Power and Penn Power Service Areas

Gifts are part of the FirstEnergy Foundation's annual holiday philanthropic campaign READING, Pa. , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has granted surprise "Gifts of the Season" totaling $40,000 to four local nonprofits that are working to make lives better in communities within Met-Ed's service area.

FirstEnergy Foundation Presents "Gifts of the Season" Totaling $40,000 to Charitable Organizations in Met-Ed's Service Area

FAIRMONT, W.Va. , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has given a surprise grant of $20,000 to We Have Your Six, Inc., a nonprofit veterans' support group that helps veterans obtain VA benefits, disability benefits, utilize their GI bills, locate job training or find a job.

FirstEnergy Foundation Presents $20,000 "Gift of the Season" to Local Veterans' Organization in Mon Power's Service Area as Part of Holiday Giving Campaign

Gifts are part of the FirstEnergy Foundation's annual holiday campaign AKRON, Ohio , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has granted surprise "Gifts of the Season" totaling $40,000 to five local nonprofits that are working to make lives better in communities within Ohio Edison's service area. The recipients of this year's gifts are organizations that provide support services to underserved and vulnerable individuals of all ages across northeast and northcentral Ohio: Girl Set Free in Canton, Stark County ($10,000) – The organization's mission is to rescue victims of human trafficking and offer them various resources and counseling to help achieve independence and a better quality of life.

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