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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 Corp (NYSE:FE ) Q2 2022 Earnings Conference Call July 27, 2022 11:00 AM ET Company Participants Irene Prezelj - VP, IR & Communications Steven Strah - President, CEO & Director Jon Taylor - SVP, CFO & Strategy Conference Call Participants Shahriar Pourreza - Guggenheim Securities Steven Fleishman - Wolfe Research Nicholas Campanella - Crédit Suisse Michael Lapides - Goldman Sachs Group Gregg Orrill - UBS David Arcaro - Morgan Stanley Srinjoy Banerjee - Barclays Bank Jeremy Tonet - JPMorgan Chase & Co. Julien Dumoulin-Smith - Bank of America Merrill Lynch Sophie Karp - KeyBanc Capital Markets Operator Greetings, and welcome to the FirstEnergy Corp. Second Quarter 2022 Earnings Conference Call. [Operator Instructions].

FirstEnergy Corp (FE) CEO Steven Strah on Q2 2022 Results - Earnings Call Transcript

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We received $2,818.44 in June dividend income. This was a 21.79% year over year increase. Individual dividend growth stocks paid us $1,686.78. This represented 60% of the total dividend income received. ETFs and mutual funds accounted for 40% of our total dividend income for the month.

Bert's June 2022 Dividend Income Summary

FirstEnergy's (FE) second-quarter earnings are on par with estimates. FirstEnergy's planned capital expenditure is likely to strengthen the transmission and distribution operations.

FirstEnergy (FE) Q2 Earnings Match Estimates, Sales Rise Y/Y

Project designed to enhance service reliability for nearly 2,300 customers READING, Pa. , July 27, 2022 /PRNewswire/ -- Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), recently completed a project to upgrade its distribution system in southern Monroe County to help prevent or minimize the length of service disruptions, particularly during severe summer storms.

Met-Ed Completes Upgrade to Electric System in Monroe County

FirstEnergy (FE) delivered earnings and revenue surprises of 0% and 2.74%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

FirstEnergy (FE) Q2 Earnings Match Estimates

Reports second quarter 2022 GAAP earnings of $0.33 per share and operating (non-GAAP) earnings of $0.53 per share, in top end of guidance range Closed on minority sale of FET LLC, raising $2.4 billion at historic premium valuation  Solid execution to improve the balance sheet with over $2.5 billion of debt retired year-to-date Anticipates achieving targeted FFO/Debt of ~13% in 2023, ahead of schedule Updates and affirms full-year GAAP and operating guidance and provides outlook for third quarter AKRON, Ohio , July 26, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported second quarter 2022 GAAP earnings of $187 million, or $0.33 per basic and diluted share, on revenue of $2.8 billion. In the second quarter of 2021, the company reported GAAP earnings of $58 million, or $0.11 per basic and diluted share, on revenue of $2.6 billion.

FirstEnergy Announces Second Quarter 2022 Financial Results

MORRISTOWN, N.J. , July 25, 2022 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), FirstEnergy Corp. (NYSE:FE) utilities, have hired 20 graduates of Power Systems Institute (PSI), award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies.

JCP&L Welcomes New Line and Substation Employees from Power Systems Institute Training Programs

READING, Pa. , July 25, 2022 /PRNewswire/ -- Metropolitan Edison Company (Met-Ed), a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 14 graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies.

Met-Ed Adds New Line and Substation Employees from Power Systems Institute Training Program

FAIRMONT, W.Va. , July 25, 2022 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 10 new line and substation graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies.

Mon Power Adds New Line and Substation Employees from Power Systems Institute Training Program

AKRON, Ohio , July 25, 2022 /PRNewswire/ --  Ohio Edison and Pennsylvania Power (Penn Power), FirstEnergy Corp. (NYSE: FE) utilities, have hired 21 graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies.   The graduates all recently completed the Power Systems Institute (PSI) training program in partnership with Stark State College in North Canton, earning their associate of applied science degree in Electric Utility Technology.

Ohio Edison, Penn Power Add New Line and Substation Workers from Power Systems Institute Training Programs

READING, Pa. , July 25, 2022 /PRNewswire/ -- Pennsylvania Electric Company (Penelec), a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 16 graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies.

Penelec Adds New Line and Substation Employees from Power Systems Institute Training Program

WILLIAMSPORT, Md. , July 25, 2022 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired nine recent graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers FirstEnergy's 10 electric utility companies.

Potomac Edison Adds New Line and Substation Employees from Power Systems Institute Training Program

AKRON, Ohio , July 25, 2022 /PRNewswire/ -- The Illuminating Company, a FirstEnergy Corp. (NYSE: FE) utility, has hired 13 graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies. The new employees include ten lineworkers and three substation electricians who are recent graduates of the PSI training partnership with Cuyahoga Community College (Tri-C) in Cleveland.

The Illuminating Company Adds New Line and Substation Employees from Power Systems Institute Training Program

AKRON, Ohio , July 25, 2022 /PRNewswire/ -- Toledo Edison, a FirstEnergy Corp. (NYSE: FE) utility, has hired seven graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies. The new employees include six lineworkers and one new substation electrician who are recent graduates from the PSI training partnership with Owens Community College in Perrysburg.

Toledo Edison Adds New Line and Substation Workers from Power Systems Institute Training Programs

GREENSBURG, Pa. , July 25, 2022 /PRNewswire/ -- West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 17 graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies.

West Penn Power Adds New Line and Substation Employees from Power Systems Institute Training Program

Project designed to enhance service reliability for about 900 rural customers READING, Pa. , July 21, 2022 /PRNewswire/ -- Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), is upgrading its distribution system in York County, Pennsylvania, to help prevent or minimize the length of service disruptions, particularly during severe weather.

Met-Ed Working to Upgrade Electric System in York County

JCP&L one of several NJ utilities sponsoring 2022 Climate Corps Fellowship MORRISTOWN, N.J. , July 19, 2022 /PRNewswire/ -- For the second consecutive year, FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power & Light (JCP&L) is teaming with Sustainable Jersey to sponsor the Environmental Defense Fund (EDF) Climate Corps Fellowship program, which places graduate students with local municipalities and school districts in JCP&L's service area to evaluate and implement projects that help improve the energy performance of their facilities.

JCP&L Teams with Sustainable Jersey to Help Local Communities Advance Energy Efficiency Goals

Work includes trimming along more than 400 miles of high-voltage power lines FAIRMONT, W.Va. , July 19, 2022 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is using helicopters equipped with aerial saws to trim trees and maintain electrical clearances along 23 difficult-to-access transmission line corridors in West Virginia.

Mon Power Using Aerial Saws to Trim Trees in Remote Areas

Proposed plan would expand investments in smart grid technology AKRON, Ohio , July 18, 2022 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Ohio utilities – Ohio Edison, Cleveland Electric Illuminating Company and Toledo Edison – have filed a plan with the Public Utilities Commission of Ohio (PUCO) that would expand investments in smart grid technology, including equipment to help reduce the frequency and duration of power outages for customers. The filing, known as Ohio Grid Mod II, proposes a four-year, $626 million investment plan that builds upon system upgrades completed since the PUCO approved the utilities' Grid Mod I plan in 2019.

FirstEnergy's Ohio Utilities File Plan to Further Modernize Electric System

FirstEnergy's (FE) unit gets the approval to develop electric vehicle fast-charging infrastructure under EV Driven to reduce auto emissions and support the state's electric vehicle expansion goals.

FirstEnergy (FE) Arm Launches $39.8 Million EV Driven Program

EV Driven program provides customer incentives that support the state's electric vehicle expansion goals MORRISTOWN, N.J. , July 15, 2022 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has launched EV Driven, a new four-year program that provides incentives for electric vehicle charging infrastructure.

JCP&L Launches Electric Vehicle Charging Incentive Program

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West Jefferson project to improve system reliability for 4,300 customers WILLIAMSPORT, Md. , July 7, 2022 /PRNewswire/ -- – Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has started construction on a new substation that will enhance system reliability for approximately 4,300 customers in the Brunswick, Jefferson and Petersville areas of Frederick County, Maryland.

Potomac Edison Starts Construction on New Substation in Frederick County

Significant industry expertise will help lead all government relations activities for the company AKRON, Ohio , July 5, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Joseph (Joe) McClelland has been named vice president, External Affairs, effective July 18. McClelland will be responsible for overseeing all government relations activities for the company, including local, state and federal affairs, and engaging with policymakers on legislation that may impact FirstEnergy's customers and operations.

FirstEnergy Names Joseph McClelland Vice President, External Affairs

FirstEnergy's (FE) unit, Penelec, is replacing underground electric cables in Millcreek Township to enhance service reliability and reduce outages.

News for FirstEnergy Stock (FE)