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Distribution services and retail generation

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

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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

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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 to trim trees along 3,100 miles of power lines in Maryland and West Virginia WILLIAMSPORT, Md. , May 3, 2022 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has kicked off its 2022 tree-trimming program with plans to clear vegetation along approximately 3,100 miles of power lines in Maryland and the Eastern Panhandle of West Virginia to help enhance electric service reliability for customers.

Potomac Edison's 2022 Tree-Trimming Program Underway

Work includes trimming along nearly 4,800 miles of power lines in 2022 AKRON, Ohio , May 3, 2022 /PRNewswire/ -- Ohio Edison, a FirstEnergy Corp. (NYSE: FE) electric company, is conducting tree trimming and other vegetation management work in communities across its 34-county service area as part of its ongoing efforts to help enhance electric service reliability. This year's $21.6 million tree-trimming program will help keep power flowing to customers by helping to prevent tree-related outages, such as those that can occur during the spring and summer storm season.

Ohio Edison Invests Nearly $22 Million in Tree Trimming Efforts to Reinforce Electric System During Severe Weather

Company will trim along nearly 5,200 miles of power lines in West Virginia this year FAIRMONT, W.Va. , May 3, 2022 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has begun its 2022 tree-trimming program and will clear vegetation around nearly 5,200 miles of power lines as part of its ongoing efforts to enhance service reliability for West Virginia customers.

Mon Power's 2022 Tree-Trimming Program Underway

Work includes trimming along nearly 3,200 miles of power lines READING, Pa. , May 3, 2022 /PRNewswire/ -- Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), continues to conduct tree-trimming work in communities across its eastern Pennsylvania service area as part of its ongoing efforts to help enhance electric service reliability.

Met-Ed's 2022 Tree-Trimming Program Underway to Enhance Service Reliability

Work includes trimming along more than 3,400 miles of power lines MORRISTOWN, N.J. , May 3, 2022 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is trimming trees across its 13-county service territory as part of its ongoing efforts to help enhance electric service reliability.

JCP&L's 2022 Tree-Trimming Program Underway to Enhance Service Reliability

Work includes trimming along nearly 4,200 miles of power lines ERIE, Pa. , May 3, 2022 /PRNewswire/ -- Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), continues to conduct tree-trimming work in communities across its Pennsylvania service area as part of its ongoing efforts to help enhance electric service reliability.

Penelec's 2022 Tree-Trimming Program Underway to Enhance Reliability

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.'s (NYSE: FE) Pennsylvania utilities — Metropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”) — to procure full requirements Default Supply generati

FirstEnergy's Pennsylvania Default Service Program DSP-V Auction: Information Session for Prospective Bidders on Wednesday, May 11, 2022

Funds support capital campaign that will expand facility's operations and enhance food security and social service resources in the Monmouth County area AKRON, Ohio , April 29, 2022 /PRNewswire/ -- As part of FirstEnergy Corp.'s (NYSE: FE) commitment to building strong communities, The FirstEnergy Foundation has donated $100,000 to Lunch Break, a food and social services resource center in Red Bank, New Jersey. The funds will support the "Renew the Promise of Hope Capital Campaign" that will renovate and expand the current facility's food and social services operations to accommodate the growing needs of Monmouth County and beyond.

FirstEnergy Foundation Donates $100,000 to Lunch Break in New Jersey

FirstEnergy is donating nearly 2,400 trees as part of 2022 tree-planting initiative WILLLIAMSPORT, Md., April 28, 2022 /PRNewswire/ -- In celebration of Earth and Arbor days, employee volunteers from Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), are hosting several tree-planting events in the company's Maryland service area this spring.

Potomac Edison Celebrates Earth Day and Arbor Day with Maryland Tree Giveaway and Planting Events

About 700 trees will be donated and planted by FirstEnergy across Mahoning Valley in April YOUNGSTOWN, Ohio , April 28, 2022 /PRNewswire/ -- For the second consecutive year, FirstEnergy Corp. (NYSE: FE) has donated 300 trees to Mill Creek MetroParks in Mahoning County, Ohio, to celebrate Earth and Arbor days. A mixed variety of hardwood trees were planted on April 28 by employees of FirstEnergy and its Ohio Edison electric company throughout the MetroParks' 402-acre farm in Canfield.

FirstEnergy Donates 300 Trees to Mill Creek MetroParks Ahead of Arbor Day

Students from nearby Glenwood Elementary School will receive tree saplings, tree-care tips TOLEDO, Ohio , April 28, 2022 /PRNewswire/ -- In celebration of Arbor Day, FirstEnergy Corp. (NYSE: FE) is teaming up with the City of Toledo's Parks and Forestry Division to plant six trees at Glenwood Park in Toledo on Friday, April 29, at 9:30 a.m. The trees will be planted by employees of FirstEnergy subsidiary Toledo Edison and the City of Toledo while more than 100 students from Glenwood Elementary School watch and learn proper tree-planting techniques.

FirstEnergy to Donate, Plant Trees at Glenwood Park in Toledo on Arbor Day

ASHLAND, Ohio , April 28, 2022 /PRNewswire/ -- Construction is underway on a new transmission substation in Ashland County, Ohio, owned by FirstEnergy Corp. (NYSE: FE) subsidiary American Transmission Systems, Incorporated, to meet the area's future energy demands and support economic growth. The work is also expected to help reduce the frequency and duration of power outages experienced by customers in the area.

Construction Underway on New FirstEnergy Transmission Substation to Reinforce Power System in Ashland County

American Electric Power Company

Alliant Energy

NextEra Energy

PG&E

Southern Company

Xcel Energy

Let's focus on utility stocks SO, PCG, LNT, XEL and AEP that are scheduled to release first-quarter earnings on Apr 28.

Utility Stocks' Q1 Earnings Due on Apr 28: SO, PCG & More

READING, Pa. , April 26, 2022 /PRNewswire/ -- Employee volunteers from Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), will help plant trees at a Reading playground in celebration of Arbor Day as part of FirstEnergy's ongoing efforts to reduce its carbon footprint, promote responsible use of natural resources and advance sustainable practices.

Met-Ed Green Team to Celebrate Arbor Day with Tree Planting in Reading

FAIRMONT, W.Va. , April 26, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is teaming up with the West Virginia Herbert Henderson Office of Minority Affairs (HHOMA) to promote job opportunities to minority candidates and identify minority-owned businesses for its supplier diversity program.

FirstEnergy Teams with Herbert Henderson Office of Minority Affairs

Upgrades will benefit more than 20,000 customers in the Mahoning Valley YOUNGSTOWN, Ohio , April 25, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Ohio Edison is completing grid modernization work in the greater Youngstown area to help enhance electric service reliability for residents and businesses. The work includes the installation of new, automated equipment and technology in substations and along power lines to help prevent power outages and restore service faster for more than 20,000 customers in parts of Youngstown, Austintown, Girard and nearby areas.

Work Underway to Enhance Ohio Edison's Electric System in Greater Youngstown Area

FirstEnergy Corp. (NYSE:FE ) Q1 2022 Earnings Conference Call April 22, 2022 10:00 AM ET Company Participants Irene Prezelj - Vice President, Investor Relations Steve Strah - President and CEO Jon Taylor - Senior Vice President and CFO Conference Call Participants Jeremy Tonet - JPMorgan Julien Dumoulin-Smith - Bank of America Steve Fleishman - Wolfe Research Angie Storozynski - Seaport Global Michael Lapides - Goldman Sachs Paul Fremont - Mizuho Gregg Orrill - UBS Operator Greetings. And welcome to the FirstEnergy Corp. First Quarter 2022 Earnings Conference Call.

FirstEnergy Corp.'s (FE) CEO Steve Strah on Q1 2022 Results - Earnings Call Transcript

FirstEnergy's (FE) first-quarter earnings lag estimates. However, FirstEnergy's planned capital expenditure is likely to strengthen the transmission and distribution operations.

FirstEnergy's (FE) Q1 Earnings Miss Estimates, Sales Rise Y/Y

FirstEnergy (FE) delivered earnings and revenue surprises of -3.23% and 7.05%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

FirstEnergy (FE) Misses Q1 Earnings Estimates

Reports first quarter GAAP earnings of $0.51 per share and operating (non-GAAP) earnings of $0.60 per share, in line with guidance midpoint Building on transformational initiatives to deliver strong operational and financial results with sustainable investment plan Updates and affirms full-year GAAP and operating guidance and provides outlook for second quarter AKRON, Ohio , April 21, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported first quarter 2022 GAAP earnings of $288 million, or $0.51 per basic share of common stock ($0.50 diluted), on revenue of $3.0 billion. In the first quarter of 2021, the company reported GAAP earnings of $335 million, or $0.62 per basic and diluted share of common stock, on revenue of $2.7 billion.

FirstEnergy Announces First Quarter 2022 Financial Results

GREENSBURG, Pa. , April 21, 2022 /PRNewswire/ -- Employee volunteers from West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), will host tree giveaway and planting events in Jeanette and Ford City, respectively, on Earth Day, and will plant trees in Mount Pleasant Township on Arbor Day.

West Penn Power Green Team to Celebrate Earth Day and Arbor Day with Tree Giveaway and Planting Events in Westmoreland and Armstrong Counties

Nearly 2,000 trees will be donated and planted by FirstEnergy across Stark County in April MASSILLON, Ohio , April 20, 2022 /PRNewswire/ -- In celebration of Earth and Arbor days this month, FirstEnergy Corp. (NYSE: FE) has donated 500 trees to the City of Massillon's Community Park in Stark County, Ohio. A variety of arborvitaes were planted on April 20 by employees of FirstEnergy and its Ohio Edison electric company throughout the 46-acre park, which is a popular attraction this time of year with baseball fields, walking trails and a playground.

FirstEnergy Donates 500 Trees to City of Massillon Ahead of Earth, Arbor Days

Company aims to exceed its 2021 accomplishment of approximately 17,000 trees planted AKRON, Ohio , April 20, 2022 /PRNewswire/ -- In support of its continued commitment to the environment and support of the communities it serves, FirstEnergy Corp. (NYSE: FE) has set a goal to plant 20,000 trees throughout its service territory in 2022. About 10,000 of the trees will be planted over the next two weeks during events surrounding Earth Day and Arbor Day.

FirstEnergy Set to Plant 20,000 Trees in 2022

Regions Financial

Snap

After markets closed on Tuesday, Netflix reported March-quarter results that beat the consensus earnings estimate but missed on revenue.

Earnings Previews: FirstEnergy, Regions Financial, Snap

READING, Pa. , April 5, 2022 /PRNewswire/ -- Mid-Atlantic Interstate Transmission (MAIT), a transmission subsidiary of FirstEnergy Corp. (NYSE: FE), has completed proactive visual inspections of nearly 1,400 miles of its high-voltage transmission lines in areas served by FirstEnergy's Met-Ed electric utility.

News for FirstEnergy Stock (FE)