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

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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

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SG&A

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EBITDA

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Earnings per share

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Book value per share

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Purchase/sale of investments

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Change in stock

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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.

EnergizeNJ initiative designed to help prevent or minimize impact of power outages HOLMDEL, N.J. , Nov. 9, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power and Light (JCP&L) will file a new infrastructure improvement program with the New Jersey Board of Public Utilities (BPU) today that would strengthen the backbone of its local electric system and provide the foundation for smart grid capabilities in the future.

JCP&L Unveils Largest-Ever Infrastructure Upgrade Investment Plan to Modernize New Jersey Electric Grid

Mon Power installing new steel poles and wires that will benefit 5,000 customers FAIRMONT, W.Va. , Nov. 6, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Mon Power is upgrading four miles of a high-voltage transmission power line in Preston County, West Virginia, to reinforce the local transmission system against severe weather, meet future energy demands of the region and enhance service reliability for 5,000 customers in the Kingwood area.

Transmission Line Upgrades to Enhance Electric Service Reliability in Preston County

Local tree to be paraded through city before making its way to Washington, D.C. on Nov. 4   FAIRMONT, W.Va.

Holiday Spirit Comes Alive in Elkins with Help from Mon Power

American Water Works

Duke Energy

Exelon

Southern Company

Sempra Energy

Essential Utilities

With the new year presenting uncertainties, the bullish case for utility stocks to buy for a down market has been rising higher. It's just that Wall Street doesn't quite realize it yet.

7 Utility Stocks to Help You Power Through a Downturn

Download video and pictures  of newly installed Potomac Edison EV chargers on Flickr.  WILLIAMSPORT, Md.

New EV Charging Stations Available for Public Use at Rocky Gap Casino and Resort

Watch a video  of FirstEnergy employees planting company-donated gardens AKRON, Ohio , Oct. 30, 2023 /PRNewswire/ -- This fall, FirstEnergy Corp. (NYSE: FE) employee volunteers are donating their time and company resources to plant community pollinator gardens across the company's six-state service area, transforming unused areas into new green spaces while creating food and habitat for insects and small animals that pollinate plants. View and download photos of FirstEnergy employees planting pollinator gardens on the company's Flickr page.

Community Pollinator Gardens Create Food and Habitat for Wildlife

FirstEnergy Corp. (NYSE:FE ) Q3 2023 Earnings Conference Call October 27, 2023 9:00 AM ET Company Participants Irene Prezelj - Vice President, Investor Relations and Communications Brian Tierney - President and Chief Executive Officer Jon Taylor - Senior Vice President and Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Jeremy Tonet - JPMorgan Nick Campanella - Barclays David Arcaro - Morgan Stanley Angie Storozynski - Seaport Global Jeremy Tonet - JPMorgan Anthony Crowdell - Mizuho Securities Gregg Orrill - UBS Steve Fleishman - Wolfe Research Operator Greetings and welcome to the FirstEnergy Corp. Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

FirstEnergy Corp. (FE) Q3 2023 Earnings Call Transcript

First Energy's (FE) third-quarter earnings benefit from lower operating expenses and continued growth from regulated investments. The company narrowed its 2023 earnings guidance.

FirstEnergy (FE) Q3 Earnings Beat Estimates, Revenues Lag

FirstEnergy (FE) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.79 per share a year ago.

FirstEnergy (FE) Beats Q3 Earnings Estimates

Reports third quarter 2023 GAAP earnings from continuing operations of $0.74 per share and operating (non-GAAP) earnings of $0.88 per share Narrows 2023 operating guidance around midpoint and provides outlook for the fourth quarter Affirms targeted 6-8% long-term annual operating earnings per share growth rate AKRON, Ohio , Oct. 26, 2023 /PRNewswire/ -- – FirstEnergy Corp. (NYSE: FE) today reported third quarter 2023 GAAP earnings from continuing operations of $421 million, or $0.74 per basic share ($0.73 diluted), on revenue of $3.5 billion. In the third quarter of 2022, the company reported GAAP earnings from continuing operations of $334 million, or $0.58 per basic and diluted share, on revenue of $3.5 billion.

FirstEnergy Announces Third Quarter 2023 Financial Results

AKRON, Ohio , Oct. 25, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Ohio Edison is contributing $10 million to expedite removal of the Gorge Dam, marking a major stride toward unlocking substantial environmental, economic and recreational benefits for communities along the Cuyahoga River in northeast Ohio. This significant investment supports the Ohio Environmental Protection Agency (EPA) and Summit Metro Parks' plan for sediment management and habitat restoration that is expected to begin next year.

Gorge Dam Removal Moves Forward with $10 Million Contribution from FirstEnergy Subsidiary Ohio Edison

CMS Energy

CenterPoint Energy

PG&E

Xcel Energy

Let's focus on utilities like FE, PCG, CMS, XEL and CNP, which are scheduled to release third-quarter earnings on Oct 26.

Utilities Due to Report Q3 Earnings on Oct 26: FE, PCG & More

Met-Ed work will help prevent or minimize outages for more than 2,000 customers READING, Pa. , Oct. 25, 2023 /PRNewswire/ -- Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed equipment enhancements along a five-mile power line in central York County to help prevent lengthy service disruptions, particularly during severe weather.

York County Electric Grid Stronger and More Resilient Following Smart Enhancements

Customers  will continue to pay the lowest electric rates among state's investor-owned regulated electric companies WILLIAMSPORT, Md. , Oct. 23, 2023 /PRNewswire/ -- To help prevent lengthy service disruptions during severe weather and meet the energy demands of a rapidly growing population, the Maryland Public Service Commission (PSC) has reviewed and approved new base distribution rates for Maryland customers of Potomac Edison, a FirstEnergy Corp (NYSE: FE) subsidiary.

Maryland Public Service Commission Approves New Rates for Potomac Edison's Maryland Customers

FirstEnergy (FE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

FirstEnergy (FE) Earnings Expected to Grow: Should You Buy?

Archer-Daniels-Midland Company

Aflac

BHP Billiton

Cummins

Corteva Inc

Dominion Energy

Discover

Dow Inc

Con Ed

Elevance Health Inc

Emerson Electric

Fortune Brands Innovations Inc

W.W. Grainger

Intel

Johnson & Johnson

Nordstrom

Jackson Financial

KeyCorp

Kraft Heinz

Kroger

Lockheed Martin

LyondellBasell Industries

Dividend Income Summary: Lanny's September 2023 Summary

AKRON, Ohio , Oct. 16, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today issued a Request for Proposal (RFP) to purchase Ohio-compliant Renewable Energy Credits (RECs) for its Ohio subsidiaries – Ohio Edison, The Illuminating Company and Toledo Edison. The purchases will help meet the companies' 2023 renewable energy targets established under Ohio's alternative energy law.

FirstEnergy Ohio Utilities Launch Request for Proposal for 2023 Renewable Energy Credits

FirstEnergy offers electrical safety tips for decorating and celebrating responsibly AKRON, Ohio , Oct. 11, 2023 /PRNewswire/ -- As Halloween nears, FirstEnergy Corp. (NYSE: FE) reminds the public to keep safety top of mind as they decorate their homes and partake in seasonal festivities. Celebrating responsibly will help keep people of all ages safe and the electricity flowing reliably this season.

Tips for a Safe and Festive Halloween Season

FirstEnergy's (FE) subsidiary, Penn Power, completes expansion of its smart grid in Mercer County, to strengthen power infrastructure and improve service reliability in extreme weather conditions.

FirstEnergy's (FE) Unit Enhances Smart Grid in Mercer County

Penn Power work will help prevent or minimize outages for more than 15,000 customers NEW CASTLE, Pa. , Oct. 9, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Penn Power has completed an expansion of its smart grid in Mercer County to reinforce the local power system and help prevent lengthy service disruptions, especially during severe weather.

Western Pennsylvania Electric Grid Stronger and More Resilient Following Smart Enhancements

American Electric Power Company

Entergy

Goldman Sachs

NextEra Energy

PNC Financial Services

Truist Financial

U.S. Bancorp

Wells Fargo

Subscribers to  Chart of the Week  received this commentary on Sunday, October 1.

2 Sectors to Watch Before Halloween

Ameren

DTE Energy

NorthWestern

WEC Energy Group

The crisis-like selloff in the utilities sector, resulting from the spike in interest rates, has created historically attractive buying opportunities for a number of stocks, KeyBanc Capital's Sophie Karp wrote.

‘Close your eyes and buy' these utilities stocks, analyst says

2023 tabletop drill familiarizes employees with storm roles and processes ERIE, Pa. , Oct. 2, 2023 /PRNewswire/ -- Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), recently completed its annual 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 Conducts Annual Storm Restoration Drill to Help Employees Prepare for Severe Weather Events

VeriSign

We believe FirstEnergy stock (NYSE: FE), an Ohio-based electric utility company, is a better pick than Verisign stock (NASDAQ: VRSN), given its better prospects.

Is FirstEnergy A Better Pick Than Verisign Stock?

FirstEnergy (FE) continues to increase shareholders value, as its board of directors approves a 5% quarterly dividend hike.

News for FirstEnergy Stock (FE)