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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

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.

Is FirstEnergy Corporation (FE) a great pick from the value investor's perspective right now? Read on to know more.

Should Value Investors Select FirstEnergy Corporation (FE) Stock?

WILLIAMSPORT, Md., Aug. 24, 2021 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed an upgrade to the electrical system serving Grant County, West Virginia, that will enhance service reliability for more than 2,100 customers.

Potomac Edison Completes Reliability Project in West Virginia

NEW CASTLE, Pa., Aug. 24, 2021 /PRNewswire/ -- Penn Power, a FirstEnergy Corp. (NYSE: FE) electric company, has started construction on a new distribution substation in Lawrence County, Pennsylvania, to support the area's growing demand for electricity and provide more flexibility in restoring power faster.

Construction Underway on New Penn Power Substation in Lawrence County

We believe that FirstEnergy stock, an electric utility company operating in regions including Ohio, Pennsylvania, Maryland, New Jersey, and New York, looks attractive at current levels. FE stock trades near $39 currently and it is, in fact, down 28% from its pre-Covid high of around $52 in March'20.

Is FirstEnergy Stock A Buy As Regulatory Issues Ease And Demand Improves?

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 October 4, 2021. The bidding process will use a descending-price clock auction format. The auc

FirstEnergy Ohio Utilities' Competitive Bidding Process Auction: Information Session for Prospective Bidders on Thursday, August 19, 2021

FirstEnergy's (FE) strong residential customer base and capital activities to develop infrastructure along with its focus on reducing emissions are likely to drive earnings.

FirstEnergy (FE) Gains From Investments & Clean Energy Goals

HOLMDEL, N.J., Aug. 3, 2021 /PRNewswire/ -- Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed the replacement of an underwater high-voltage transmission line, stretching more than a mile across Barnegat Bay along the Tunney-Mathis Bridges, to enhance electric service reliability to New Jersey's barrier islands.

JCP&L Line Replacement Enhances Service Reliability for Barrier Island Customers

AKRON, Ohio, July 27, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has joined the Electric Highway Coalition, a group of electric companies committed to enabling long-distance electric vehicle (EV) travel through a network of EV fast-charging stations connecting major highway systems.   Formed in March 2021, the Electric Highway Coalition (EHC) includes many of the nation's leading utilities in 29 states and the District of Columbia serving more than 60 million customers.

FirstEnergy Joins Electric Highway Coalition

FirstEnergy Corp. (FE) CEO Steve Strah on Q2 2021 Results - Earnings Call Transcript

FirstEnergy's (FE) Q2 results reflect better year-over-year earnings as well as revenues on the back of improving demand from the industrial and commercial group.

FirstEnergy's (FE) Q2 Earnings Match, Revenues Lag Estimates

Shares of FirstEnergy (NYSE:FE) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 3.51% over the past year to $0.59, which were in line with the estimate of $0.59.

FirstEnergy: Q2 Earnings Insights

AKRON, Ohio, July 22, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Soubhagya Parija has been named vice president and chief risk officer, effective August 16. In this role, he will develop and execute a risk program that reflects FirstEnergy's core values and behaviors; establish standards and implement robust processes and procedures to identify, mitigate, and prevent risks across the company; and support efforts by the Board of Directors and senior leadership to implement, review and approve the company's enterprise-wide risk governance and compliance framework.

FirstEnergy Names Soubhagya Parija Vice President and Chief Risk Officer

AKRON, Ohio, July 22, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported second quarter 2021 GAAP earnings of $58 million, or $0.11 per basic and diluted share of common stock, on revenue of $2.6 billion. In the second quarter of 2020, the company reported GAAP earnings of $309 million, or $0.57 per basic and diluted share of common stock, on revenue of $2.5 billion.

FirstEnergy Announces Second Quarter 2021 Financial Results

AKRON, Ohio, July 22, 2021 /PRNewswire/ -- In accordance with its obligations under the previously announced deferred prosecution agreement with the U.S. Attorney's Office for the Southern District of Ohio to resolve the Department of Justice investigation, FirstEnergy Corp. (NYSE: FE) issued the following statement: "Central to FirstEnergy Corp.'s effort to influence the legislative process in Ohio was the use of 501(c)(4) corporate entities. FirstEnergy Corp. used the 501(c)(4) corporate form as a mechanism to conceal payments for the benefit of public officials and in return for official action.

FirstEnergy Corp. Statement

AKRON, Ohio, July 22, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that it has entered into an agreement with the U.S. Attorney's Office for the Southern District of Ohio to resolve the previously disclosed investigation. The deferred prosecution agreement has been filed in federal court.

FirstEnergy Reaches Agreement to Resolve Department of Justice Investigation

FirstEnergy's (FE) earnings are likely to have been impacted by loss in distribution revenues. Cost-management initiatives & stable residential group demand are likely to have boosted its performance.

FirstEnergy (FE) to Post Q2 Earnings: What's in the Offing?

Mon Power, the unit of FirstEnergy (FE) starts slashing trees using helicopters with aerial saws to maintain distribution and transmission power lines in West Virginia.

FirstEnergy (FE) Arm Manages Vegetation Using Aerial Saws

Utility company FirstEnergy Corp. (NYSE:FE) is down 1.4% to trade at $36.96 at last check.

This Utility Stock Needs a Charge Ahead of Earnings

AKRON, Ohio, July 12, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is donating tens of thousands of face masks, gloves, cleaning supplies, and other forms of personal protective equipment (PPE) to the United Way to benefit the health and safety of communities served by the company. Valued at $2.2 million, they will be distributed to 15 United Way chapters across FirstEnergy's service area.

FirstEnergy Donates $2.2 Million in Personal Protective Equipment to Organizations in Need

TOLEDO, Ohio, July 12, 2021 /PRNewswire/ -- Toledo Edison, a FirstEnergy Corp. (NYSE: FE) electric company, has been recognized by residential customers as a trusted and top performing utility in customer satisfaction during the COVID-19 pandemic, according to a recent study evaluating the performance of electric, natural gas and combination utilities across the country. Escalent, a consumer research firm, named Toledo Edison to its 2021 Most Trusted Utility Brands list within the Cogent Syndicated Utility Trusted Brand & Customer Engagement™: Residential study, which is based on a nationwide survey of more than 76,000 residential customers of the 140 largest U.S. utility companies.

Toledo Edison Recognized as a "Most Trusted," Top Performing U.S. Utility

Penelec, a subsidiary of FirstEnergy (FE), installs more than 2,300 smart LED streetlights replacing old high-pressure sodium lamps. It is part of an endeavor to convert Erie into a smart city.

FirstEnergy's (FE) Arm Replaces Sodium Lights With Smart LED

ERIE, Pa., July 1, 2021 /PRNewswire/ -- Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed the conversion of more than 2,300 high-pressure sodium streetlights to smart LED streetlights in downtown Erie and along the Bayfront. The new energy-efficient streetlights will yield energy savings and provide the foundation for technology to enhance public safety.

Penelec Completes Conversion of Erie Streetlights to Smart LED Technology

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 August 23, 2021. The bidding process will use a descending-price clock auction format. The auc

FirstEnergy Ohio Utilities' Competitive Bidding Process Auction: Information Session for Prospective Bidders on Wednesday, July 7, 2021

AKRON, Ohio, June 30, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Lisa Winston Hicks and Paul Kaleta have been elected to the company's Board of Directors. These additions will bring the size of the Board to 16 members.

Lisa Winston Hicks and Paul Kaleta Elected to FirstEnergy Board of Directors

FirstEnergy's (FE) robust residential customer base and capital deployment to infrastructural development are likely to drive its earnings. Also, its focus on reducing emissions acts as a tailwind.

News for FirstEnergy Stock (FE)