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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.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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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 (FE) continues to benefit from strategic investments and the enhancement of technologies to strengthen its infrastructure.

FirstEnergy (FE) Rides on Investments, Infrastructure Upgrade

AKRON, Ohio , Aug. 13, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that it has reached an agreement, effective Aug. 12, 2024, with the Office of the Ohio Attorney General and the Office of the Summit County Prosecutor to resolve all outstanding proceedings between the parties. "We are pleased to have reached a resolution with the Ohio Attorney General's Office and the Office of the Summit County Prosecutor, which recognizes the substantial actions FirstEnergy has taken to establish a highly effective compliance program and instill a culture of ethics and integrity at every level of the organization," said Brian X.

FirstEnergy Resolves Proceedings with Office of the Ohio Attorney General and Office of the Summit County Prosecutor

AKRON, Ohio , Aug. 11, 2024 /PRNewswire/ -- Thanks to around-the-clock hard work by more than 7,500 storm responders, FirstEnergy announced that nearly all customers will have power restored much sooner than the original global estimate of Wednesday, Aug. 14. To date, power has been restored to nearly 90% of Illuminating Company customers, with less than 35,000 remaining without service.

FirstEnergy Releases Community-Specific Estimated Restoration Times; Power Now Restored to Nearly 90% of Illuminating Company Customers Impacted by Historic Storm

AKRON, Ohio , Aug. 10, 2024 /PRNewswire/ -- Thousands of workers from FirstEnergy (NYSE: FE), along with outside support from 17 states, continue working around the clock restoring power to customers across Greater Cleveland following historic storms on Aug. 6. Each day, service is being restored to large numbers of customers.

Crews Make Progress Restoring Power to Customers Following Historic Storms

Mon Power will hold demonstrations on how to stay safe around electrical equipment FAIRMONT, W.Va. , Aug. 9, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric company Mon Power is bringing its live wire electrical safety trailer to the upcoming State Fair of West Virginia in Lewisburg, where it will use the trailer's 7,200-kilovolt power lines to offer highly visual demonstrations on the power of electricity, how to recognize dangerous conditions and, most important, how to stay safe around power lines and electrical equipment.

State Fair of West Virginia Visitors Can Learn Important Electrical Safety Tips at Live Demo

NextEra Energy

Investors looking for stocks in the Utility - Electric Power sector might want to consider either FirstEnergy (FE) or NextEra Energy (NEE). But which of these two stocks offers value investors a better bang for their buck right now?

FE vs. NEE: Which Stock Is the Better Value Option?

Free water and ice available for customers who remain without power AKRON, Ohio , Aug. 9, 2024 /PRNewswire/ -- Power is actively being restored around the clock to the approximately 194,500 FirstEnergy Corp. (NYSE:FE) customers in Northeast Ohio who remain without service following the severe thunderstorms, wind and tornados that swept through the area on Tuesday. While restoration efforts are expected to continue into next week, many customers will have power restored well before that time.

More Than 6,000 Workers Engaged in Restoring Power Around the Clock for Northeast Ohio Customers

AKRON, Ohio , Aug. 8, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric company personnel are prepared to respond to potential service interruptions caused by the remnants of Tropical Storm Debby, which is forecast to bring heavy rains and gusty winds to Maryland, New Jersey, Pennsylvania and West Virginia beginning on Friday. A video playlist of utility personnel discussing the impact of wind storms on equipment and restoration efforts is available on  YouTube.

Preparations Underway for Remnants of Tropical Storm Debby in FirstEnergy's Maryland, New Jersey, Pennsylvania and West Virginia Service Territories

Crews continue working 24/7 to restore service to 265,000 customers following historic storm AKRON, Ohio , Aug. 8, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has restored power to more than 215,000 customers of Ohio Edison and The Illuminating Company following a historic weather event Tuesday that included two tornados with winds up to 110 mph in Cuyahoga County, one of which traveled a path 17 miles long and 350 yards wide through the heavily populated area from Brookpark to Bedford. This was the most impactful storm to hit The Illuminating Company service territory since July 1993, when a powerful line of thunderstorms caused power outages to approximately 300,000 of the company's customers.

Thousands of Personnel Engaged in FirstEnergy's Power Restoration Effort in Northeast Ohio

Ameren

American Electric Power Company

Utility stocks like American Electric Power Company, Inc. (AEP), FirstEnergy Corp. (FE) and Ameren Corporation (AEE) are a safe bet during times of market volatility.

3 Low-Beta Utility Stocks to Buy Amid Ongoing Market Volatility

Future demand looks rosy, with data-center demand estimated to drive 5%-7% long term profit growth.

Summer Heat Powers Demand For FirstEnergy, Overtaking Legal Woes

FirstEnergy Corp. (NYSE:FE ) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Irene Prezelj - Vice President, Investor Relations & Communications Brian Tierney - President & Chief Executive Officer Jon Taylor - Senior Vice President & Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Steve Fleishman - Wolfe Research Jeremy Tonet - JPMorgan Chase Nick Campanella - Barclays Carly Davenport - Goldman Sachs Michael Lonegan - Evercore ISI Paul Patterson - Glenrock Associates Andrew Weisel - Scotiabank Gregg Orrill - UBS Anthony Crowdell - Mizuho Securities Operator Hello, and welcome to the FirstEnergy Corp. Second Quarter 2024 Earnings Conference Call. As a reminder, this conference is being recorded.

FirstEnergy Corp. (FE) Q2 2024 Earnings Call Transcript

FirstEnergy's (FE) second-quarter earnings are on par with estimates. The company continues to make strategic investments to further strengthen and expand its transmission and distribution operation.

FirstEnergy (FE) Q2 Earnings On Par, Revenues Lag Estimates

FirstEnergy (FE) came out with quarterly earnings of $0.56 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.47 per share a year ago.

FirstEnergy (FE) Q2 Earnings Meet Estimates

Reports second quarter 2024 GAAP earnings of $0.08 per share and  operating (non-GAAP) earnings of $0.56 per share, above the midpoint of guidance and a 19% increase compared to the second quarter of 2023 Affirms targeted 6-8% long-term annual operating earnings per share growth and full-year 2024 operating (non-GAAP) earnings guidance of $2.61 to $2.81 per share Received and deployed final $1.2 billion in proceeds from $3.5 billion FET LLC transaction, strengthening balance sheet and fueling Energize365 investment plan Results include progress in settling legacy issues with the Securities and Exchange Commission (SEC) and the Office of the Ohio Attorney General AKRON, Ohio , July 30, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported second quarter 2024 GAAP earnings of $45 million, or $0 .08 per basic and diluted share, on revenue of $3.3 billion. This compares to second quarter 2023 GAAP earnings of $235 million, or $0.41 per basic and diluted share, on revenue of $3.0 billion.

FirstEnergy Announces Second Quarter 2024 Financial Results

CenterPoint Energy

Public Service Enterprise Group

Total second-quarter earnings of Utility stocks are expected to improve 9.1% year over year on a rise of 1.1% in revenues. Let's see how PEG, CNP, AEP & FE report their Q2 figures.

Watch These 4 Utility Stocks for Q2 Earnings: Beat or Miss?

FirstEnergy's (FE) second-quarter 2024 results are expected to benefit from the ongoing enhancement of transmission lines and new distribution rates.

What's in the Cards for FirstEnergy (FE) This Earnings Season?

Atmos Energy

Kimberly-Clark

Limoneira

NiSource

Stocks like Atmos Energy Corporation (ATO), NiSource Inc. (NI), FirstEnergy Corp. (FE), Kimberly-Clark Corporation (KMB) and Limoneira Company (LMNR) are safe bets during this ongoing market volatility.

5 Low-Beta Stocks to Buy as Volatility Returns to Wall Street

AKRON, Ohio , July 24, 2024 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE: FE) today declared a quarterly dividend of $0.425 per share of outstanding common stock payable September 1, 2024, to shareholders of record at the close of business on August 7, 2024. FirstEnergy is dedicated to integrity, safety, reliability and operational excellence.

FirstEnergy Corp. Declares Common Stock Dividend of $0.425 Per Share

Met-Ed project will help prevent or minimize outages for more than 24,000 customers READING, Pa. , July 22, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business in eastern Pennsylvania as Met-Ed, is installing smart, automated equipment on neighborhood power lines serving 24,160 York and Adams County customers to help prevent lengthy service interruptions, particularly during severe weather.

Smart Grid Enhancements Underway on Electric System in York and Adams Counties

AKRON, Ohio , July 19, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is extending its title sponsorship with The International Soap Box Derby (ISBD) for three years. Running from 2025-2027, the sponsorship continues a strong relationship between the two Akron-based institutions that began in 2012.

FirstEnergy and International Soap Box Derby Race into the Future with Title Sponsorship Renewal

Deploys final $1.2 billion in proceeds to further strengthen balance sheet, supporting sustainable, long-term growth through industry-leading Energize365 grid investment program AKRON, Ohio , July 17, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that it received the remaining $1.2 billion in proceeds from the $3.5 billion sale of a 30% ownership interest in its FirstEnergy Transmission, LLC (FET) subsidiary to Brookfield Super-Core Infrastructure Partners (Brookfield). FirstEnergy received the initial proceeds of $2.3 billion from Brookfield when the transaction closed in March.

FirstEnergy Receives Remaining Proceeds in Strategic $3.5 Billion FirstEnergy Transmission, LLC 30% Interest Sale

Con Ed

National Fuel Gas

Although rate cut hopes have brightened, consumer sentiment remains low which could turn markets volatile. Low-beta utility stocks like Atmos Energy (ATO), Consolidated Edison (ED), National Fuel Gas (NFG) and FirstEnergy (FE) are thus a safe bet.

4 Low-Beta Utility Stocks to Buy Amid Sinking Consumer Sentiment

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of FirstEnergy (FE) and NextEra Energy (NEE). But which of these two stocks presents investors with the better value opportunity right now?

FE or NEE: Which Is the Better Value Stock Right Now?

AKRON, Ohio , July 11, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) received an Emergency Recovery Award from the Edison Electric Institute (EEI) in recognition of its outstanding response in restoring power to hundreds of thousands of customers in portions of its Ohio, Pennsylvania, West Virginia, Maryland and New Jersey service areas following Winter Storms Finn and Gerri, which produced high winds, rain, ice and snow in January 2024. This is the 19th consecutive year FirstEnergy has been recognized by EEI for its storm response efforts.

News for FirstEnergy Stock (FE)