Revenue segments as reported by the company.

Distribution services and retail generation

Transmission

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Fuel

Purchased power

Other operating expenses

Provision for depreciation

Amortization (deferral) of regulatory assets, net

General taxes

DPA penalty

Gain on sale of Yards Creek

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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

Eversource Energy

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.

7 Bonds and Utilities Stocks to Buy in Anticipation of Lower Rates

President and CEO Brian X. Tierney highlights company's progress and strong position in shareholder address; Company announces preliminary voting results  AKRON, Ohio , May 22, 2024 /PRNewswire/ -- Speaking at the company's 2024 Annual Meeting of Shareholders, FirstEnergy Corp. (NYSE: FE) President and Chief Executive Officer Brian X.

FirstEnergy Holds 2024 Annual Meeting

Business unit leaders with expanded executive responsibilities  to support better execution and customer investments at the local level  Jim Fakult, President, New Jersey Operations, to retire after 37 years of service AKRON, Ohio , May 21, 2024 /PRNewswire/ -- To help drive its transformation to a premier electric company, FirstEnergy Corp. (NYSE: FE) today announced the appointment of four new executives to oversee the company's Ohio, Pennsylvania and New Jersey state electric company businesses and its stand-alone transmission companies: John Hawkins – President, Pennsylvania, effective June 2 Torrence Hinton – President, Ohio, effective June 24 Doug Mokoid – President, New Jersey, effective June 17 Mark Mroczynski – President, Transmission, effective June 2 The company is in the final stages of selecting an executive to oversee its combined West Virginia/Maryland division and expects to announce the appointment in the near term. These four executives will report to Wade Smith, President, FirstEnergy Utilities.

FirstEnergy Names Executives to Lead State Electric Companies and Transmission Business

Work will help prevent or minimize the impact of outages for 1,500 FirstEnergy customers AKRON, Ohio , May 20, 2024 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), has installed approximately 250 new insulators along a 22-mile section of a transmission line that runs through Mahoning and Columbiana counties in northeast Ohio. The new equipment will help ensure the electric grid remains reliable and resilient for approximately 1,500 Ohio Edison customers in the Mahoning Valley.

Electric Grid Enhancements Completed in the Mahoning Valley

Foil balloons, drones, fireworks and power lines don't mix AKRON, Ohio , May 20, 2024 /PRNewswire/ -- In recognition of National Electrical Safety Month and the unofficial start of summer on Memorial Day, FirstEnergy Corp. (NYSE: FE) is urging the public to keep safety top of mind. Celebrating responsibly around potential electrical hazards while participating in outdoor activities will help keep customers safe and the electricity flowing reliably this summer season.

Keep Electrical Safety a Priority for a Bright and Enjoyable Summer Season

AKRON, Ohio , May 17, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has named Deandra Williams-Lewis to the role of Chief Privacy Officer, in addition to her current role as Director, Ethics & Compliance, effective May 19. In this newly created role, Williams-Lewis will guide FirstEnergy's stewardship of sensitive customer and employee information while continuing to oversee the management of ethics and compliance risks; promoting ethical business conduct; developing policies, procedures and controls; and managing complaints and concerns.

FirstEnergy Names Deandra Williams-Lewis Chief Privacy Officer

The company invests $26 million to reinforce the power grid during severe weather AKRON, Ohio , May 15, 2024 /PRNewswire/ -- Ohio Edison, a FirstEnergy Corp. (NYSE: FE) subsidiary, is conducting tree trimming and other vegetation management work in communities across northeast and northcentral Ohio as part of the company's ongoing efforts to help enhance electric service reliability. This year's $26 million tree-trimming program will help keep power flowing to customers by helping to prevent tree-related outages, such as those that can occur during the spring and summer storm season.

Tree-Trimming Work Underway to Help Prevent or Minimize Power Outages Across Ohio Edison's Service Area

The Illuminating Company invests $19.7 million to reinforce the power grid during severe weather CLEVELAND , May 15, 2024 /PRNewswire/ -- The Illuminating Company, a FirstEnergy Corp. (NYSE: FE) subsidiary, is conducting tree trimming and other vegetation management work in communities across its northeast Ohio service area as part of its ongoing efforts to help enhance electric service reliability. This year's $19.7 million tree-trimming program will help keep power flowing to customers by helping to prevent tree-related outages, such as those that can occur during the spring and summer storm season.

Tree-Trimming Work Underway to Help Prevent or Minimize Power Outages Across Greater Cleveland

Toledo Edison invests $7 million to reinforce the power grid during severe weather TOLEDO, Ohio , May 15, 2024 /PRNewswire/ -- Toledo Edison, a FirstEnergy Corp. (NYSE: FE) subsidiary, is conducting tree trimming and other vegetation management work in communities across northwest Ohio as part of the company's ongoing efforts to help enhance electric service reliability. This year's $7 million tree-trimming program will help keep power flowing to customers by helping to prevent tree-related outages, such as those that can occur during the spring and summer storm season.

Tree-Trimming Work Underway to Help Prevent or Minimize Power Outages Across Northwest Ohio

Potomac Edison invests $14.7 million to reinforce the power grid during severe weather WILLIAMSPORT, Md., May 14, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Potomac Edison is conducting tree trimming and other vegetation management work in communities across its Maryland service area as part of its ongoing efforts to help enhance electric service reliability.

Tree-Trimming Work Underway to Help Prevent or Minimize Power Outages in Maryland

Switch to LEDs estimated to save city nearly $77,000 in electricity costs each year TOLEDO, Ohio , May 14, 2024 /PRNewswire/ -- FirstEnergy electric company (NYSE: FE) Toledo Edison recently kicked off the City of Sylvania's $342,000 streetlight conversion project in Lucas County by installing the first of 1,650 LED streetlight fixtures to replace existing lights. The new LEDs are about 50% more efficient than the previous high-pressure sodium lights and are expected to save the city an estimated $77,000 in energy costs annually.

Installation of 1,650 New LED Streetlights to Brighten the City of Sylvania

Technology helps identify trees or vegetation that could impact high-voltage power lines AKRON, Ohio , May 10, 2024 /PRNewswire/ -- To keep power flowing safely and reliably, FirstEnergy Corp. (NYSE: FE) is conducting proactive aerial inspections of nearly 7,000 miles of transmission lines in its service territory using helicopters equipped with infrared technology. This work helps ensure that high-voltage power lines and equipment remain clear of trees and vegetation.

FirstEnergy Using Helicopters and Infrared Technology for Vegetation Management Inspections

New substation equipment and line upgrades to benefit 23,000 Toledo Edison customers AKRON, Ohio , May 9, 2024 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), has started construction to upgrade a 138-kilovolt substation in Lucas County's Springfield Township and reconfigure connecting high-voltage power lines. The combined work will enhance reliability for nearly 23,000 customers of Toledo Edison in the area.

Work Underway to Upgrade High-Voltage Power System in Northwest Ohio

Project would enhance reliability for more than 3,000 customers in four counties FAIRMONT, W.Va. , May 2, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Mon Power has been selected by the Department of Energy to begin award negotiations for up to $5 million in federal funding for a project that will boost electric reliability for customers in parts of rural West Virginia.

Mon Power Selected by U.S. Department of Energy for Reliability Project Grant

FirstEnergy Corp. (NYSE:FE ) Q1 2024 Results Conference Call April 26, 2024 10:00 AM ET Company Participants Irene Prezelj - VP, IR and Communications Brian Tierney - President and CEO Jon Taylor - SVP and CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Michael Sullivan - Wolfe Research Jeremy Tonet - JPMorgan Carly Davenport - Goldman Sachs David Arcaro - Morgan Stanley Gregg Orrill - UBS Anthony Crowdell - Mizuho Paul Patterson - Glenrock Associates Angie Storozynski - Seaport Global Operator Hello, and welcome to the FirstEnergy Corp. First Quarter 2024 Earnings Conference Call [Operator Instructions]. As a reminder, this conference is being recorded.

FirstEnergy Corp. (FE) Q1 2024 Earnings Call Transcript

Trees donated by FirstEnergy will be planted by company's employee volunteers AKRON, Ohio , April 26, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is all set to celebrate Arbor Day today by donating nearly 500 trees to two locations in Mahoning County – Mill Creek MetroParks and Beaver Township Nature Preserve. Dozens of employee volunteers from FirstEnergy and Ohio Edison will plant 300 hardwood trees on the Mill Creek MetroParks' 402-acre farm in Canfield, while another group of company volunteers will be planting 160 trees at Beaver Township Nature Preserve in North Lima.

Nearly 500 Trees to be Planted Across Mahoning Valley on Arbor Day Today

FirstEnergy's (FE) first-quarter earnings decrease year over year, while revenues increase. Total operating expenses increase during the same period.

FirstEnergy (FE) Q1 Earnings Beat Estimates, Revenues Lag

While the top- and bottom-line numbers for FirstEnergy (FE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About FirstEnergy (FE) Q1 Earnings

FirstEnergy (FE) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.60 per share a year ago.

FirstEnergy (FE) Q1 Earnings Surpass Estimates

Reports first quarter 2024 GAAP earnings of $0.44 per share and operating (non-GAAP) earnings of $0.55 per share, above the midpoint of guidance Affirms targeted 6-8% long-term annual operating earnings per share growth Increased total equity on balance sheet by 25% with closing on $3.5 billion FET LLC transaction; deployed $2.3 billion of proceeds; expects to receive remaining $1.2 billion later this year AKRON, Ohio , April 25, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported first quarter 2024 GAAP earnings of $253 million, or $0.44 per basic and diluted share, on revenue of $3.3 billion. This compares to first quarter 2023 GAAP earnings of $292 million, or $0.51 per basic and diluted share, on revenue of $3.2 billion.

FirstEnergy Announces First Quarter 2024 Financial Results

N early 17,000 trees expected to be planted in the month of April for Earth & Arbor Days AKRON, Ohio , April 23, 2024 /PRNewswire/ -- In support of its continued commitment to the environment and the communities it serves, FirstEnergy Corp. (NYSE: FE) has set a goal to plant more than 25,000 trees throughout its service territory in 2024. Nearly 17,000 trees are expected to be planted in the month of April around Earth Day and Arbor Day.

FirstEnergy Set to Plant More Than 25,000 Trees in 2024

Ardmore Shipping

Conagra Brands

Innovative Industrial Properties

Kinder Morgan

Coca-Cola

NewLake Capital Partners, Inc.

ONEOK

Prudential Financial

Tyson Foods

Recent market downturn due to inflation, high rates, geopolitics, and commodity costs presents dividend stock buying opportunities for higher yields, growth stability, and an inflation hedge. Dividend payments worldwide and in the U.S. hit all-time highs in 2023, a year that ended with record levels of cash on corporate balance sheets. Using SA's Dividend Scorecard, the Quant Team picked 10 stocks with average forward yields ranging from 3.22% to 9.29% and consecutive payouts of up to 61 years.

News for FirstEnergy Stock (FE)