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Distribution services and retail generation

Transmission

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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

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.

FirstEnergy's (FE) fourth-quarter earnings lag estimates. FirstEnergy plans to invest $17 billion in the 2021-2025 period for grid modernization and clean energy transition.

FirstEnergy's (FE) Q4 Earnings Miss Estimates, Sales Rise Y/Y

AKRON, Ohio, Feb. 10, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported full-year 2021 GAAP earnings of $1.3 billion, or $2.35 per basic and diluted share of common stock, on revenue of $11.1 billion. In 2020, the company reported GAAP earnings of $1.1 billion, or $1.99 per basic and diluted share of common stock, on revenue of $10.8 billion.

FirstEnergy Announces Fourth Quarter and Full Year 2021 Financial Results

AKRON, Ohio, Feb. 10, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that, acting through the Special Litigation Committee of its Board of Directors, it has agreed to a settlement term sheet to resolve derivative claims asserted on the company's behalf and for the company's benefit in multiple shareholder derivative lawsuits filed in the U.S. District Court for the Southern District of Ohio, the U.S. District Court for the Northern District of Ohio, and the Ohio Court of Common Pleas, Summit County. The measures outlined in the settlement complement the substantial enhancements and actions that FirstEnergy and its Board of Directors have implemented to strengthen FirstEnergy's governance and compliance program.

FirstEnergy Agrees on Terms to Resolve Shareholder Derivative Litigation

READING, Pa., Feb. 9, 2022 /PRNewswire/ -- The FirstEnergy Foundation has donated $250,000 to Alvernia University to help fund its new engineering program at Reading CollegeTowne, a major economic development initiative to help revitalize the Penn Street corridor.

FirstEnergy Foundation Awards $250,000 Grant to Alvernia University for Engineering Lab at new Downtown Reading Campus

TOLEDO, Ohio, Feb. 9, 2022 /PRNewswire/ -- Proactive aerial inspections along nearly 235 miles of 345-kilovolt (kV) transmission lines are currently being completed throughout the Toledo area by American Transmission Systems Incorporated, a FirstEnergy Corp. (NYSE: FE) transmission subsidiary. Completed every four years using a helicopter with an attached high-resolution camera, these comprehensive visual patrols help prevent future power outages by detecting early-stage equipment issues within transmission substations and on high-voltage power lines that cannot be observed from the ground.

Proactive Aerial Inspections of High-Voltage Power Lines Underway in Toledo Area

CRANBERRY, Pa., Feb. 8, 2022 /PRNewswire/ -- Penn Power, a FirstEnergy Corp. (NYSE: FE) electric company, is upgrading and expanding its power system in Butler County, Pennsylvania, to support the future energy demands of the area's rapidly growing population and help prevent lengthy service disruptions during severe weather.

Work Underway to Upgrade, Expand Penn Power's Electric System in Butler County to Support Area's Rapid Growth

ALLIANCE, Ohio, Feb. 7, 2022 /PRNewswire/ -- Ohio Edison, a FirstEnergy Corp. (NYSE: FE) electric company, has completed upgrades to its power system in Alliance, Stark 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 a substation and along power lines serving nearly 5,000 customers in Alliance.

Ohio Edison Completes Power System Upgrades in Northern Stark County

FirstEnergy's (FE) fourth-quarter results are likely to have benefited from higher sales volumes from the commercial and industrial group, partly impacted by the absence of Ohio decoupling.

FirstEnergy (FE) to Report Q4 Earnings: What's in the Offing?

AKRON, Ohio, Feb. 1, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) utility personnel are prepared to respond to service interruptions caused by a complex winter storm that is expected to bring heavy snow and damaging ice to Ohio, Pennsylvania and West Virginia this week. Company meteorologists have been tracking the winter storm for several days.

FirstEnergy Utilities Preparing for Powerful Winter Storm

AKRON, Ohio, Feb. 1, 2022 /PRNewswire/ -- To help advance a sustainable energy future, FirstEnergy Corp. (NYSE: FE) today announced a $2.5 million investment in global venture capital firm Energy Impact Partners' (EIP) Frontier Fund, which targets early-stage, innovative decarbonization technologies. Through this fund, EIP works closely with industry entrepreneurs and leading utility, energy, environmental, and finance companies to identify and invest in decarbonization technology, from idea inception to commercial success, that can help accelerate the world's transition to net-zero greenhouse gas emissions.

FirstEnergy Invests in Venture Capital Fund Targeting Decarbonization Technology

WILLLIAMSPORT, Md., Feb. 1, 2022 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has launched a pole recycling program in its Maryland and West Virginia service territory as part of FirstEnergy's companywide sustainability initiative to recycle and repurpose utility poles.

Potomac Edison Launches Utility Pole Recycling Program

AKRON, Ohio, Jan. 28, 2022 /PRNewswire/ -- For the fourth consecutive year, FirstEnergy Corp. (NYSE: FE) has been included in the Bloomberg Gender-Equality Index (GEI), recognizing its commitment to gender equality in the workplace and the communities in which it operates. The GEI uses a standardized reporting framework to measure gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies and factors like supplier diversity and community support.

FirstEnergy Earns 2022 Bloomberg Gender-Equality Index Designation

AKRON, Ohio, Jan. 25, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Steve Fortune has been named vice president and chief information officer, effective February 7. Fortune will be responsible for leading FirstEnergy's Information Technology (IT) organization, including the Cyber and Physical Security, Innovation and Digital Enablement and Information Technology groups.

FirstEnergy Names Steve Fortune Vice President & Chief Information Officer

PARMA, Ohio, Jan. 19, 2022 /PRNewswire/ -- The Illuminating Company, a FirstEnergy Corp. (NYSE: FE) subsidiary, is upgrading power infrastructure in Parma, Cuyahoga County, to reinforce the local power grid and prevent lengthy service disruptions, especially during severe weather. The work includes installation of new, automated equipment and technology in substations and along neighborhood power lines serving nearly 15,000 residents and businesses in the area.

Work Underway to Upgrade The Illuminating Company's Electrical Power System in Parma

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) 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 7, 2022. The bidding process will use a descending-price clock auction format. The aucti

FirstEnergy Ohio Utilities' Competitive Bidding Process Auction: Information Session for Prospective Bidders on Wednesday, January 19, 2022

FirstEnergy's (FE) solid residential customer base, capital activities to develop infrastructure and its focus on reducing emissions are likely to boost its existing operations.

FirstEnergy's (FE) Capex & Clean Energy Goals Augur Well

Goldman Sachs

Icahn Enterprises

JPMorgan Chase & Co

Cheniere Energy

UBS Group AG

December is when analysts and banks issue their extensive stock market outlook and winning stocks for the new year. The post Stock Market Crash Coming?

Stock Market Crash Coming? 7 Wall Street Pros Make Their Predictions

DEFIANCE, Ohio, Dec. 21, 2021 /PRNewswire/ -- The FirstEnergy Foundation presented a surprise $10,000 "Gift of the Season" to Ravens Care in Defiance, Ohio, to support programs that provide emergency assistance to families in need across Defiance County. The gift was presented to a deserving organization within the Toledo Edison service area as part of the Foundation's annual holiday "Gifts of the Season" campaign.

FirstEnergy Foundation Presents $10,000 "Gift of the Season" to Ravens Care in Toledo Edison's Service Area

AKRON, Ohio, Dec. 17, 2021 /PRNewswire/ -- The FirstEnergy Foundation has granted surprise $5,000 "Gifts of the Season" to two local nonprofit agencies that are working to make lives better in communities within Ohio Edison's service area. The recipients of this year's gifts are MARCA Industries Inc. in Marion, Marion County, and Ability Works Inc. in Sandusky, Erie County – two organizations that provide support services to individuals with disabilities and promote inclusivity within their communities.

FirstEnergy Foundation Presents "Gifts of the Season" to Local Charitable Organizations Within Ohio Edison Service Area

FAIRMONT, W.Va., Dec. 17, 2021 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have applied to the Public Service Commission of West Virginia for approval to undertake a multi-year environmental compliance program at the companies' two regulated power plants, Fort Martin Power Station in Maidsville and Harrison Power Station in Haywood.

Mon Power and Potomac Edison Propose Environmental Compliance Program for Power Plants

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Spire

The less overvalued subsector is gas utilities.

VPU: Utilities Dashboard For December

FirstEnergy (FE) to introduce electric bucket trucks on the roads of New Jersey soon. The move is inline with its clean-energy mission.

FirstEnergy (FE) to Bring Electric Bucket Trucks on Road

AKRON, Ohio, Dec. 15, 2021 /PRNewswire/ -- As part of FirstEnergy Corp.'s (NYSE: FE) efforts to reduce greenhouse gas (GHG) emissions, the first cleaner-powered hybrid electric bucket trucks in its vehicle fleet will be on the road soon, helping to provide reliable electric service to Jersey Central Power & Light (JCP&L) customers in New Jersey. A total of five new hybrid electric bucket trucks are receiving final inspections at JCP&L line shops – three in Flemington and one each in Washington and Newton.

FirstEnergy Adds Cleaner-Powered Hybrid Electric Bucket Trucks to Help Reduce Greenhouse Gas Emissions

READING, Pa., Dec. 15, 2021 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Metropolitan Edison (Met-Ed), Pennsylvania Electric (Penelec), Pennsylvania Power (Penn Power), and West Penn Power (West Penn) utility companies have filed plans with the Pennsylvania Public Utility Commission (PaPUC) to procure electric generation supply beginning June 2023 for customers who choose not to shop with alternate suppliers.

FirstEnergy Pennsylvania Utilities File Plans to Purchase Electric Generation Supply Beginning in 2023

AKRON, Ohio, Dec. 14, 2021 /PRNewswire/ -- As part of its efforts to advance new technologies that will benefit customers and address climate change, FirstEnergy Corp. (NYSE: FE) today announced an incremental investment in global venture capital firm Energy Impact Partners' (EIP) Fund II. Through this and other funds, EIP brings leading utility, energy, real-estate and industrial companies together with sustainable energy entrepreneurs to help finance, develop and deploy technologies to lead the transition to a sustainable future.

News for FirstEnergy Stock (FE)