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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 (FE) makes a strong case for investment, given its earnings growth prospects, strategic investments, and strong ROE.

Reasons to Add FirstEnergy (FE) to Your Portfolio Right Now

$78 million flood mitigation project will enhance service reliability for 23,000 customers MORRISTOWN, N.J. , July 2, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power & Light (JCP&L) is upgrading a transmission substation in Morristown to help prevent or minimize the impact of power outages caused by flooding, particularly during hurricane season.

JCP&L Upgrading Morristown Substation to Reduce Power Outages

Exercise familiarizes FirstEnergy employees with storm roles and processes ERIE, Pa. , July 2, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business in northern and central Pennsylvania as Penelec, recently completed an emergency preparation drill focused on testing its storm restoration process in the event severe weather causes outages throughout its vast and heavily forested service area.

Penelec Storm Drill Focuses on Efficient Power Restoration to Customers Following Severe Weather

AKRON, Ohio, July 1, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the second quarter and first half of 2024 after markets close on Tuesday, July 30. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 10 a.m.

FirstEnergy to Webcast Second Quarter Earnings Teleconference

Dominion Energy

NextEra Energy

Utilities like Dominion (D), NextEra Energy (NEE) and FirstEnergy (FE) have taken steps to provide high-quality service during storms and restore outages as quickly as possible.

US Fears Above-Average Hurricane Season: Are Utilities Prepared?

Companies offer tips for customers to manage rising temperatures and energy costs FAIRMONT, W.Va. , June 26, 2024 /PRNewswire/ -- In anticipation of increased electric use along with the potential for seasonal storms, FirstEnergy Corp. (NYSE: FE) subsidiaries Mon Power and Potomac Edison are completing equipment inspections, preventive maintenance and tree-trimming work across their West Virginia service territories to help reduce potential outages and improve reliability for customers this summer.

Mon Power and Potomac Edison Complete Inspections and Maintenance to Help Reduce Outages for West Virginia Customers This Summer

Company offers tips for customers to manage rising temperatures  and energy costs WILLIAMSPORT, Md. , June 26, 2024 /PRNewswire/ -- In anticipation of increased electric use along with the potential for seasonal storms, FirstEnergy Corp. (NYSE: FE) subsidiary Potomac Edison is completing equipment inspections, preventive maintenance and tree-trimming work across its Maryland service territory to help reduce potential outages and improve reliability for customers this summer.

Potomac Edison Completes Inspections and Maintenance to Help Reduce Outages for Maryland Customers This Summer

FirstEnergy's efforts to promote diversity and mental wellbeing highlighted AKRON, Ohio , June 26, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has been named to three America's Greatest Workplaces lists by Newsweek and data research firm Plant-A Insights, including America's Greatest Workplaces for Diversity 2024, the inaugural America's Greatest Workplaces for Mental Wellbeing 2024 and their flagship America's Greatest Workplaces 2024. Christine L.

Newsweek Names FirstEnergy as One of America's Greatest Workplaces in 2024

Company offers tips for customers to manage rising temperatures and energy costs AKRON, Ohio , June 25, 2024 /PRNewswire/ -- With the hot summer months likely to produce higher electric usage and potentially severe weather, FirstEnergy Corp.'s (NYSE: FE) Ohio subsidiaries – Ohio Edison, The Illuminating Company and Toledo Edison – recently completed inspections and conducted equipment maintenance expected to enhance service reliability for customers. The work builds upon vast tree-trimming work and equipment and technology upgrades FirstEnergy has made to its electric grid in Ohio over recent years to help prevent power outages and reduce many interruptions to just a brief or momentary outage.

FirstEnergy's Ohio Electric Companies Complete Proactive Work to Help Enhance Service Reliability for Customers Through Summer Season

FirstEnergy's (FE) subsidiaries complete the inspection and maintenance of FE's high-voltage power lines to ensure reliable power for customers during summers, storms and hurricanes.

FirstEnergy (FE) Boosts Infrastructure for Summer Heat & Storms

Company offers tips for customers to manage rising temperatures and energy costs READING, Pa. , June 24, 2024 /PRNewswire/ -- With the hot, humid summer months expected to produce higher electric usage and potentially severe weather, FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business in eastern Pennsylvania as Met-Ed, is completing inspections and conducting proactive equipment maintenance across its service area to help enhance service reliability for customers.

Inspection and Maintenance Work Nears Completion in Met-Ed's Service Area to Enhance Service Reliability for Customers Through Summer

Company offers tips for customers to manage rising temperatures and energy costs ERIE, Pa. , June 24, 2024 /PRNewswire/ -- With the hot, humid summer months expected to produce higher electric usage and potentially severe weather, FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business in northern and central Pennsylvania as Penelec, is completing inspections and conducting proactive equipment maintenance across its service area to help enhance service reliability for customers.

Inspection and Maintenance Work Nears Completion to Enhance Service Reliability in Penelec's Service Area for Customers Through Summer Season

Company offers tips for customers to manage rising temperatures and energy costs NEW CASTLE, Pa. , June 24, 2024 /PRNewswire/ -- With the hot, humid summer months expected to produce higher electric usage and potentially severe weather, FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as Penn Power in western Pennsylvania, is completing inspections and conducting proactive equipment maintenance across its service area to help enhance service reliability for customers.

Inspection and Maintenance Work Nears Completion to Enhance Service Reliability in Penn Power's Service Area for Customers Through Summer Season

Company offers tips for customers to manage rising temperatures and energy costs GREENSBURG, Pa. , June 24, 2024 /PRNewswire/ -- With the hot, humid summer months expected to produce higher electric usage and potentially severe weather, FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business in western and central Pennsylvania as West Penn Power, is completing inspections and conducting proactive equipment maintenance across its service area to help enhance service reliability for customers.

Inspection and Maintenance Work Nears Completion to Enhance Service Reliability in West Penn Power's Service Area for Customers Through Summer

Companies offer tips on how to use electricity wisely this season AKRON, Ohio , June 14, 2024 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) distribution and transmission system is prepared to meet the anticipated increase in customer electricity usage associated with summer's first heat wave expected to spread across the Midwest and Mid-Atlantic regions beginning early next week. Wade Smith, President of FirstEnergy's Utilities: "Our comprehensive system inspections and maintenance programs help ensure system reliability when temperatures climb to 90+ degrees and customers depend on us to stay comfortable.

FirstEnergy Electric Companies Prepared to Handle Early Summer Heat Wave

Ardmore Shipping

Conagra Brands

Costco

Innovative Industrial Properties

Kinder Morgan

Coca-Cola

NewLake Capital Partners, Inc.

ONEOK

Prudential Financial

Tyson Foods

Vanguard Dividend Appreciation ETF

Head of Quant Strategies, Steven Cress, explains quantitative dividend strategy. Selecting dividend stocks based on safety, growth, and consistency.

Inflation Hedging: Top 10 Quant High-Yield Dividend Stocks With Steven Cress

JCP&L offers a variety of assistance programs and payment plans to help eligible customers HOLMDEL, N.J. , June 11, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is teaming with the New Jersey Board of Public Utilities (BPU) to promote Utility Assistance Awareness Week, which runs from June 10-14.

New Jersey Customers Encouraged to Apply for Payment Assistance Programs During Utility Assistance Awareness Week

AKRON, Ohio , June 11, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has promoted Nikhil Rao to the role of Associate General Counsel, Litigation and Labor & Employment, effective June 16. In his new position, Rao will oversee and manage a broad range of FirstEnergy's legal matters, including litigation, claims, employment and labor law issues, internal investigations, and privacy and cybersecurity matters.

FirstEnergy Names Nikhil Rao Associate General Counsel, Litigation and Labor & Employment

AKRON, Ohio , June 11, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has named Stephen Avila to the role of Vice President of Customer Care, effective June 3. Avila will lead the work leveraging innovative technologies and data analysis to drive a superior customer experience.

FirstEnergy Names Stephen Avila Vice President, Customer Care

FirstEnergy's (FE) focus on infrastructure improvements should boost its service reliability and improve its performance.

FirstEnergy (FE) to Gain From Regulated Operations & Investments

Exercise reinforces storm roles and processes for employees FAIRMONT, W.Va. , June 10, 2024 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), recently completed an annual emergency preparation drill focused on testing its storm restoration process in the event severe weather causes outages throughout its service area.

Storm Drill Helps Mon Power Employees Prepare for Severe Weather Events

Exercise familiarizes FirstEnergy employees with storm roles and processes GREENSBURG, Pa. , June 5, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business in western and central Pennsylvania as West Penn Power and Penn Power, recently completed a combined emergency preparation drill focused on testing its storm restoration process in the event severe weather causes outages throughout its vast and heavily forested service area.

Annual Storm Restoration Drill Helps Electric Company Employees Prepare for Severe Weather Events

Ohio Edison to suspend streetlight service in some areas to deter flies from gathering AKRON, Ohio , June 3, 2024 /PRNewswire/ -- As communities along Lake Erie prepare for the mass arrival of mayflies this summer, FirstEnergy Corp. (NYSE: FE) electric company Ohio Edison is proactively working with local municipalities to keep roads along the lakeshore safe by temporarily turning off streetlights to deter swarms of the insects. Mayflies are attracted to streetlights and can create hazardous driving conditions when large numbers accumulate along roads and bridges near the lights.

Keeping Ohio's Lakeshore Roads Safe During Mayfly Season

AKRON, Ohio , May 31, 2024 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Ohio electric companies – Ohio Edison, The Illuminating Company, and Toledo Edison – today are filing a request with the Public Utilities Commission of Ohio (PUCO) to review their base electric rates. The rate request includes recovery of investments to strengthen the distribution system, improve the customer experience and establish a new customer assistance program to aid residential customers who qualify as income-eligible for financial assistance.

FirstEnergy's Ohio Utilities Seek Review of Electric Rates to Continue Service Reliability Enhancements and Support New Customer Assistance Program

Ameren

Algonquin Power & Utilities

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Evergy Inc

National Grid

PNM Resources

Investors should consider pivoting into utilities stocks in anticipation of lower rates later this year. It's all a question of weighing current bond rates against utilities dividends and potential price appreciation.

News for FirstEnergy Stock (FE)