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.

Agreement with key stakeholders expands customer deployment of smart meter technology AKRON, Ohio , April 15, 2024 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Ohio electric companies – Ohio Edison, The Illuminating Company and Toledo Edison – have reached a settlement on their Grid Modernization (Grid Mod) II plan that will expand the deployment of smart meters to an additional 1.4 million customers in Ohio. If approved by the Public Utilities Commission of Ohio (PUCO), the four-year, $421 million plan will build upon system upgrades completed as part of the companies' Grid Mod I plan approved in 2019, including installation of approximately 706,000 smart meters across Ohio along with the necessary supporting communications infrastructure and data management system.

Settlement Reached in FirstEnergy Ohio Utilities' Grid Modernization Plan

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

FirstEnergy (FE) is a Top-Ranked Momentum Stock: Should You Buy?

Work includes trimming along more than 3,400 miles of power lines HOLMDEL, N.J. , April 10, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power & Light (JCP&L) is trimming trees along more than 3,400 miles of power lines across its 13-county service territory as part of its ongoing efforts to help enhance electric service reliability.

Tree-Trimming Work Underway to Help Prevent or Minimize Power Outages for JCP&L Customers

AKRON, Ohio , April 3, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the first quarter of 2024 after markets close on Thursday, April 25. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 10 a.m.

FirstEnergy to Webcast First Quarter Earnings Teleconference

FirstEnergy Corp. expects an EPS growth rate of 6%-8% from now to 2028, potentially leading to increased dividend distribution. The company's recent initiatives, such as the Energize365 plan and data-driven improvements, could attract investor attention. My dividend discount model suggests undervaluation.

FirstEnergy: Dividend Distribution Potential, And Cheap Valuation

Company Continues Efforts to Keep Costs Manageable for Customers   READING, Pa. , April 2, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as Met-Ed, Penn Power, Penelec and West Penn Power, will request today a review of its base electric rates by the Pennsylvania Public Utility Commission (PUC).

FirstEnergy Pennsylvania Will File Rate Review to Support Continued Service Reliability Enhancements for Customers

Mon Power & Potomac Edison invest $84.7 million to reinforce the power grid during storms  FAIRMONT, W.Va. , April 1, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiaries Mon Power and Potomac Edison are conducting tree trimming and other vegetation management work in communities across its West Virginia 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 West Virginia

Project will enhance reliability for 5,000 FirstEnergy customers in Lake and Geauga counties AKRON, Ohio , March 28, 2024 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), has upgraded 16 miles of two high-voltage power lines in Ohio's Lake and Geauga counties, stringing new wires with increased capacity for carrying electricity. The project is expected to strengthen the regional transmission system and enhance service reliability for nearly 5,000 customers of The Illuminating Company, a FirstEnergy company.

Northeast Ohio Electric Grid Stronger and More Resilient Following Power Line Enhancements

FirstEnergy (FE) closes its previously announced deal to sell its additional 30% ownership interest in its FirstEnergy Transmission, LLC, which will help to further strengthen its financial results.

FirstEnergy (FE) Closes Sale of 30% Stake in FET to Brookfield

Follow-on investment by Brookfield Super-Core Infrastructure Partners strengthens FirstEnergy's balance sheet, supports sustainable, long-term growth through industry-leading Energize365 grid investment program AKRON, Ohio , March 25, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today it has completed the previously disclosed sale of an additional 30% ownership interest in its FirstEnergy Transmission, LLC (FET) subsidiary to Brookfield Super-Core Infrastructure Partners (Brookfield) for $3.5 billion. FirstEnergy received $2.3 billion of cash proceeds at closing, with the remaining $1.2 billion in interest-bearing notes due from Brookfield, which are expected to be paid off by the end of 2024.

FirstEnergy Closes on $3.5 Billion FirstEnergy Transmission, LLC 30% Interest Sale

FirstEnergy (FE) continues to increase shareholders' value, as its board of directors approves a 6% quarterly dividend hike.

FirstEnergy (FE) Rewards Shareholders With 6% Dividend Hike

Second consecutive year company is recognized by the magazine's readers AKRON, Ohio , March 20, 2024 /PRNewswire/ -- For the second year in a row, FirstEnergy Corp. (NYSE: FE) has been designated as a Top 50 Diversity Employer by Minority Engineer™ magazine. The rankings are determined based on a survey of randomly selected Minority Engineer readers who were asked to name the employers where they would most like to work or that they believe provide a positive working environment for members of minority groups.

FirstEnergy Named Top 50 Diversity Employer by Minority Engineer™ Magazine

Represents annual rate of $1.70 per share, pending continued Board approval An increase of more than 6% compared to dividends declared in 2023 AKRON, Ohio , March 20, 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 June 1, 2024, to shareholders of record at the close of business on May 7, 2024. Subject to continued Board approval, FirstEnergy expects to declare dividends totaling $1.70 per share in 2024, an increase of more than 6% compared to $1.60* per share declared in 2023.

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

FirstEnergy's (FE) subsidiaries begin construction on their second utility-grade solar site in West Virginia. The idea is to help meet the state's energy needs and further encourage economic growth.

FirstEnergy (FE) Starts Work on Its Second Solar Site in WV

Mon Power and Potomac Edison's Rivesville site stimulating economy in Marion County and beyond FAIRMONT, W.Va. , March 19, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiaries Mon Power and Potomac Edison have begun construction on their second utility-grade solar site in West Virginia to help meet the state's energy needs and further encourage economic growth.

Construction is Underway on Second Utility-Grade Solar Site in West Virginia

7,000+ tons of materials recycled through company and employee initiatives   AKRON, Ohio , March 18, 2024 /PRNewswire/ -- To commemorate Global Recycling Day on March 18, FirstEnergy Corp. (NYSE: FE) is highlighting various company- and employee-led initiatives that have resulted in more than 7,000 tons of recycled materials over recent years. FirstEnergy's operational sustainability efforts have led to the recycling of: More than 1,500 tons of plastic, metal and cardboard materials.

FirstEnergy's Impactful Recycling Initiatives Highlighted on Global Recycling Day

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Here's Why FirstEnergy (FE) is a Strong Momentum Stock

Work will help prevent or minimize outages for more than 3,600 FirstEnergy customers AKRON, Ohio , March 14, 2024 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), is replacing more than 900 insulator assemblies along two high-voltage power lines in Lorain County in Northeast Ohio. The project will strengthen the regional transmission system and help prevent or minimize the impact of power outages for more than 3,600 customers of Ohio Edison, a FirstEnergy company.

Electric Grid Upgrades Underway in Lorain County

CRA International

BOSTON--(BUSINESS WIRE)--Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an RFP auction process will be conducted for FirstEnergy Corp.'s (NYSE: FE) Ohio subsidiaries –The Cleveland Electric Illuminating Company, Ohio Edison Company, and The Toledo Edison Company – to procure full requirements service for their Percentage of Income Payment Plan (PIPP) customers. The winning PIPP supplier will.

FirstEnergy Ohio Utilities' PIPP RFP Auction: Information Session for Prospective Bidders on Thursday, March 7, 2024

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Why FirstEnergy (FE) is a Top Momentum Stock for the Long-Term

Upgrades will benefit more than 26,000 customers in FirstEnergy Pennsylvania Electric Company's West Penn Rate District GREENSBURG, Pa. , Feb. 26, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE), doing business as West Penn Rate District (West Penn), is installing automated reclosing devices and electronic controllers in distribution substations serving more than 26,000 customers in parts of Clarion, Washington and Westmoreland counties.

Work Underway to Upgrade Electric System in Western Pennsylvania

HOLMDEL, N.J. , Feb. 23, 2024 /PRNewswire/ -- Jim Fakult, President of FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power and Light (JCP&L), has been named the recipient of Morris Habitat for Humanity's Community Partner Award for 2024.

JCP&L President Jim Fakult Receives Awards from Morris Habitat for Humanity and ROI-NJ

New poles, wires and electrical equipment to be installed in Monmouth County HOLMDEL, N.J. , Feb. 22, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has begun upgrading 3.5 miles of a high-voltage power line in Monmouth County to help prevent or minimize the impact of service disruptions for 3,950 customers.

Enhanced Power Line to Benefit Nearly 4,000 JCP&L Customers

FAIRMONT, W.V., Feb. 16, 2024 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have filed a settlement agreement with the Public Service Commission (PSC) of West Virginia to resolve the outstanding net energy metering portion of its base rate review.

Mon Power and Potomac Edison Reach Settlement to Adjust Energy Metering Credits

The headline numbers for FirstEnergy (FE) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

News for FirstEnergy Stock (FE)