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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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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.

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

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 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.

FirstEnergy's (FE) Investments & Clean Energy Goals Bode Well

AKRON, Ohio, June 23, 2021 /PRNewswire/ -- The Illuminating Company, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 17 new graduates from the Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps train the next generation of line and substation workers for FirstEnergy's 10 electric companies. The new employees include 10 line workers and seven substation electricians who are recent graduates of the company's PSI training partnership with Cuyahoga Community College (Tri-C) in Cleveland and Stark State College in Canton.

The Illuminating Company Hires New Graduates from FirstEnergy's Power Systems Institute Training Program

MORRISTOWN, N.J., June 23, 2021 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 36 new graduates from the Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps train the next generation of line and substation workers for FirstEnergy's 10 electric companies.

JCP&L Hires New Graduates from FirstEnergy's Power Systems Institute Training Program

READING, Pa., June 23, 2021 /PRNewswire/ -- Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 33 new graduates from the Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps train the next generation of line and substation workers for FirstEnergy's 10 electric companies.

Met-Ed Hires New Graduates from FirstEnergy's Power Systems Institute Training Program

FAIRMONT, W.Va., June 23, 2021 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 18 new graduates from the Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps train the next generation of line and substation workers for FirstEnergy's 10 electric companies.

Mon Power Hires New Graduates from FirstEnergy's Power Systems Institute Training Program

AKRON, Ohio, June 23, 2021 /PRNewswire/ -- Ohio Edison and Penn Power, subsidiaries of FirstEnergy Corp. (NYSE: FE), have hired 12 new graduates from the Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps train the next generation of line and substation workers for FirstEnergy's 10 electric companies.  The new employees include 11 line workers and one substation electrician in Ohio and Pennsylvania who are recent graduates of the company's PSI training partnership with Cuyahoga Community College (Tri-C) in Cleveland and Stark State College in Canton.

Ohio Edison, Penn Power Hire New Graduates from Power Systems Institute Training Program

ERIE, Pa., June 23, 2021 /PRNewswire/ -- Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 28 new graduates from the Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps train the next generation of line and substation workers for FirstEnergy's 10 electric companies. The new employees include 22 line workers who graduated from the program at Porecco College in Erie and six substation electricians who graduated from the program at Penn Highlands Community College in Johnstown.

Penelec Hires New Graduates from FirstEnergy's Power Systems Institute Training Program

WILLIAMSPORT, Md., June 23, 2021 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 15 new graduates from the Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps train the next generation of line and substation workers for FirstEnergy's 10 electric companies.

Potomac Edison Hires New Graduates from FirstEnergy's Power Systems Institute Training Program

GREENSBURG, Pa., June 23, 2021 /PRNewswire/ -- West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 30 new graduates from the Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps train the next generation of line and substation workers for FirstEnergy's 10 electric companies.

West Penn Power Hires New Graduates from FirstEnergy's Power Systems Institute Training Program

FirstEnergy (FE) completes annual inspection of its transmission lines before summer season and continues to make necessary investments to strengthen its infrastructure.

FirstEnergy (FE) Checks Transmission Lines, Prepares for Summer

AKRON, Ohio, June 21, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has completed annual inspections and maintenance throughout its transmission system to help ensure reliability for customers ahead of the summer season. The transmission system, which channels high-voltage power from generation sources to local lines serving towns and communities, serves as the interstate highway system of the electric grid.

FirstEnergy Taking Proactive Steps to Prepare Transmission System for Summer Weather

The scandal that has ensnared FirstEnergy Corp. is spreading now that Ohio's former speaker of the house has been expelled. The impact on the nuclear energy sector?

FirstEnergy Scandal Could Do Irreparable Harm To Nuclear Power

AKRON, Ohio, June 17, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Michael Montaque has been named vice president, Internal Audit, effective July 12. In this role, he will be responsible for developing and executing an audit plan that reflects FirstEnergy's core values and behaviors; establishing standards and implementing robust procedures to ensure that company audits identify and prevent business risks; and providing independent and objective assurance services regarding the effectiveness and efficiency of the company's governance, risk management, compliance, and control processes.

FirstEnergy Names Michael Montaque Vice President, Internal Audit

BRECKSVILLE, Ohio, June 16, 2021 /PRNewswire/ -- The Illuminating Company, a subsidiary of FirstEnergy Corp. (NYSE: FE), recently partnered with wildlife officials to protect an active red-tailed hawk nest containing eggs situated on a transformer near an energized power line in Strongsville. The proactive work will also prevent power disruptions in the area that could be caused by the fire hazard created from a wet nest capable of conducting electricity.

The Illuminating Company Partners with Wildlife Officials to Protect Nesting Birds, Prevent Power Outages in Strongsville

WILLIAMSPORT, Md., June 16, 2021 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), will host two teachers from Washington and Frederick counties this summer as part of the Maryland Chamber Foundation's 2021 Teacher Externship Program.

Potomac Edison To Host Local Teachers Through Maryland Chamber Foundation 2021 Externship Program

MORRISTOWN, N.J., June 10, 2021 /PRNewswire/ -- Jim Fakult, president of Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has been elected chairman of the New Jersey Chamber of Commerce.

JCP&L President Jim Fakult Elected Chairman of N.J. Chamber of Commerce

FirstEnergy (FE) completes maintenance and inspection work of its infrastructure to gear up for the hurricane season and provide continuous power supply during the sweltering summer.

FirstEnergy (FE) Checks Infrastructure to Lower Power Outages

AKRON, Ohio, June 9, 2021 /PRNewswire/ -- As temperatures rise, FirstEnergy Corp. (NYSE:FE) customers can take steps to beat the heat while also managing their energy costs.   Extreme temperatures can often lead to rising energy use for customers as the need for air conditioning increases and HVAC systems strain to keep up with higher demand.

FirstEnergy Offers Customers Energy-Saving Tips to Beat the Summer Heat

NorthWestern

Utility remains one of the only attractively priced sectors. Not only do the sector stocks still have significant upside, they also offer attractive yields.

News for FirstEnergy Stock (FE)