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

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Profit Margin

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

Fuel

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DPA penalty

Gain on sale of Yards Creek

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Year over year growth in Revenue and Operating Expenses.

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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.

American Electric Power Company

Northwest Natural Gas

In addition to being defensive in nature, stocks in the Utilities sector generally carry solid dividend payouts, providing the cherry on top for investors seeking an income stream.

Income Investors Shouldn't Ignore These 3 Utilities Stocks

Project to benefit about 1,000 customers in Vernon Township and nearby areas ERIE, Pa. , Nov. 15, 2022 /PRNewswire/ -- Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), is completing a project to upgrade its distribution system in Crawford County to help prevent or minimize the length of service disruptions, particularly during severe winter weather.

Penelec Completing Upgrades to Electric System in Crawford County

Light up ceremony to be held at Pioneer Plaza Park on Nov. 30 ELYRIA, Ohio , Nov. 14, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) and its subsidiary Ohio Edison will brighten Elyria with a professionally designed light display as part of the company's second annual "Light Up Holiday Smiles with FirstEnergy" program. The initiative is helping make the season brighter and merrier with the gift of holiday lights for three deserving communities across FirstEnergy's service areas in Ohio, West Virginia and New Jersey.

FirstEnergy and Ohio Edison to Brighten the City of Elyria with Holiday Lights Display

City selected as winner of "Light Up Holiday Smiles" contest FAIRMONT, W.Va. , Nov. 14, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) and its subsidiary Mon Power will brighten the city of Summersville with a professionally designed light display as part of the company's "Light Up Holiday Smiles with FirstEnergy" program.

FirstEnergy and Mon Power to Brighten Summersville with Holiday Lights Display

Donated lights to be on display in Pemberton Township HOLMDEL, N.J. , Nov. 14, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) and its subsidiary Jersey Central Power & Light (JCP&L) will brighten Pemberton Township with a professionally designed light display as part of the second-annual "Light Up Holiday Smiles with FirstEnergy" program.

FirstEnergy and JCP&L Light Up Holiday Smiles with Lighting Display

Expanded "EESG" framework emphasizes role of employees on newly refreshed Corporate Responsibility website AKRON, Ohio , Nov. 9, 2022 /PRNewswire/ -- As FirstEnergy (NYSE: FE) marks its 25th anniversary this week, it is recognizing the 12,000 employees who are driving the company's transformation and lighting the way in the communities where they live and work. Employees from across the company will join Board Chair and Interim President and Chief Executive Officer John W.

FirstEnergy to Recognize its Employee-Driven Transformation at NYSE Closing Bell Event

Plan filed to build on project through second phase of smart grid technology investments MENTOR, Ohio , Nov. 7, 2022 /PRNewswire/ -- The Illuminating Company, a FirstEnergy Corp. (NYSE: FE) subsidiary, is wrapping up smart grid upgrades across Lake County, Ohio, to help prevent or minimize the length of service disruptions, particularly during severe weather. The work includes installation of new, automated equipment and technology in substations and along power lines serving nearly 35,000 customers in parts of Madison, Mentor, Painesville, Perry, Willoughby and nearby areas.

The Illuminating Company Completes Grid Enhancement Projects in Lake County

HOLMDEL, N.J. , Nov. 1, 2022 /PRNewswire/ -- The New Jersey Board of Public Utilities (BPU) has awarded Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), the construction responsibility to connect clean energy generated by New Jersey's offshore wind farms to the power grid.

JCP&L Selected to Connect Offshore Wind-Generated Electricity to the Grid

FirstEnergy Corp (NYSE:FE ) Q3 2022 Earnings Conference Call October 26, 2022 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 Shahriar Pourreza - Guggenheim Securities Steven Fleishman - Wolfe Research David Arcaro - Morgan Stanley Michael Lapides - Goldman Sachs Gregg Orrill - UBS Angie Storozynski - Seaport Global Sophie Karp - KeyBanc Capital Markets Paul Fremont - Mizuho Securities Nicholas Campanella - Crédit Suisse Julien Dumoulin-Smith - Bank of America Merrill Lynch Operator Greetings, and welcome to the FirstEnergy's Third Quarter 2022 Earnings Call. [Operator Instructions].

FirstEnergy Corp (FE) Q3 2022 Earnings Call Transcript

FirstEnergy (FE) posts better-than-expected third-quarter earnings and strong sales to industrial and commercial customers, which boost the company's performance.

FirstEnergy (FE) Q3 Earnings and Revenues Beat Estimates

FirstEnergy (FE) delivered earnings and revenue surprises of 2.60% and 8.94%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

FirstEnergy (FE) Surpasses Q3 Earnings and Revenue Estimates

Reports third quarter 2022 GAAP earnings of $0.58 per share and operating (non-GAAP) earnings of $0.79 per share, at top end of guidance range Updates full-year GAAP guidance; affirms 2022 operating guidance with expected performance in the upper half of the range AKRON, Ohio , Oct. 25, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported third quarter 2022 GAAP earnings of $334 million, or $0.58 per basic and diluted share, on revenue of $3.5 billion. In the third quarter of 2021, the company reported GAAP earnings of $463 million, or $0.85 per basic and diluted share, on revenue of $3.1 billion.

FirstEnergy Announces Third Quarter 2022 Financial Results

Hawkins to succeed David Karafa, who is retiring after 40 years with FirstEnergy AKRON, Ohio , Oct. 25, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that John Hawkins has been named vice president of Operations Support, effective Oct. 24. He will report to Sam Belcher, FirstEnergy senior vice president of Operations.

FirstEnergy Names John Hawkins Vice President of Operations Support

FirstEnergy's (FE) third-quarter earnings are expected to be better than expected due to strong demand from customers.

FirstEnergy (FE) to Report Q3 Earnings: What's in the Offing?

Company has donated nearly 5,000 trees to Cleveland Metroparks since 2021 CLEVELAND , Oct. 19, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is coordinating with Cleveland Metroparks to donate and plant nearly 1,000 trees at the Euclid Creek Reservation this month. A variety of potted hardwood trees will be planted by employees of FirstEnergy during tree-planting events on Oct. 21 and Oct. 27.

FirstEnergy to Donate, Plant Nearly 1,000 Trees at Cleveland Metroparks Euclid Creek Reservation in October

FirstEnergy (FE) possesses 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) Expected to Beat Earnings Estimates: Should You Buy?

AKRON, Ohio , Oct. 17, 2022 /PRNewswire/ -- As Halloween nears, FirstEnergy Corp. (NYSE: FE) reminds the public to keep safety top of mind as they decorate their homes and partake in seasonal festivities. Celebrating responsibly will help keep people of all ages safe and the electricity flowing reliably this season.

FirstEnergy Reminds Customers to Stay Safe This Halloween Season

READING, Pa. , Oct. 17, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is issuing a Request for Proposal (RFP) to enter into long-term solar power purchase agreements (PPAs) on behalf of four FirstEnergy Pennsylvania utilities – Pennsylvania Power Company (Penn Power), Pennsylvania Electric Company (Penelec), Metropolitan Edison Company (Met-Ed) and West Penn Power Company (West Penn).

FirstEnergy Pennsylvania Utilities Launch Request for Long-Term Solar PPA

FE is offering a 4.3% dividend, with a material margin of safety. FE is trading at a lower price-to-earnings ratio than the median utility stock.

The 4.3% Dividend Of FirstEnergy Is Less Attractive Than It Seems

AKRON, Ohio , Oct. 10, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today issued a Request for Proposal (RFP) to purchase Ohio-compliant Renewable Energy Credits (RECs) for its Ohio utilities – Ohio Edison, The Illuminating Company and Toledo Edison. The purchases will help meet the companies' 2022 renewable energy targets established under Ohio's alternative energy law.

FirstEnergy Ohio Utilities Launch Request for Proposal for 2022 Renewable Energy Credits

Plan filed to build on project's success through second phase of smart grid technology investments ASHTABULA, Ohio , Oct. 6, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric companies Ohio Edison and The Illuminating Company are completing smart grid upgrades across Ashtabula County to help prevent or minimize the length of service disruptions, particularly during severe weather. The work includes installation of new, automated equipment and technology in substations and along power lines serving nearly 18,000 customers in parts of Ashtabula, Austinburg, Andover, Geneva and nearby areas.

Ohio Edison, The Illuminating Company Complete Three-Year Grid Modernization Project in Ashtabula County

Plan filed to build on project's success through second phase of smart grid technology investments CLEVELAND , Oct. 6, 2022 /PRNewswire/ -- The Illuminating Company, a FirstEnergy Corp. (NYSE: FE) subsidiary, is wrapping up smart grid upgrades across greater Cleveland to help prevent or minimize the length of service disruptions, particularly during severe weather. The work includes installation of new, automated equipment and technology in substations and along power lines serving more than 76,000 customers in parts of Cleveland, Independence, Bedford, Beachwood, Solon and nearby areas.

The Illuminating Company Completing Enhancement of Greater Cleveland Power System Through Three-Year Grid Modernization Project

FirstEnergy's (FE) unit, Potomac Edison, is set to build a high-voltage transmission substation at the Quantum Loophole campus to ensure a reliable power supply at the data center.

FirstEnergy (FE) Plans Transmission Substation in Frederick

FirstEnergy donating 650 trees as part of larger environmental initiative WILLIAMSPORT, Md. , Oct. 5, 2022 /PRNewswire/ -- Employee volunteers from Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), will be planting 650 trees at planting events throughout the company's Maryland service area during the month of October.

Potomac Edison Hosts Tree Planting Events in October

New transmission project will support first phase of Quantum Frederick WILLIAMSPORT, Md. , Oct. 3, 2022 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has begun planning a new high-voltage transmission substation that will provide power for the first phase of Quantum Frederick, Quantum Loophole's 2,100-acre data center campus under development in Frederick, Maryland.

News for FirstEnergy Stock (FE)