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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

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Earnings data Q1 2024

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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.

New equipment will benefit hundreds of customers ERIE, Pa. , June 30, 2022 /PRNewswire/ -- Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), is working to help enhance service reliability for more than 400 customers in Millcreek Township, Erie County, by replacing underground electric cable, transformers and other equipment.

Penelec Replacing Underground Cable in Millcreek Township to Help Enhance Service Reliability

Upgrades will benefit more than 8,200 customers in the Salem area SALEM, Ohio , June 29, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Ohio Edison recently completed grid modernization work in Salem, Columbiana County, that will help prevent or minimize the impact of power outages, particularly during the summer and winter storm seasons. The work includes the installation of new, automated equipment and technology in a substation and along power lines to help prevent service disruptions and restore power faster for more than 8,200 customers in parts of Salem and nearby townships.

Ohio Edison Completes Upgrades to Local Power System in Columbiana County

FirstEnergy (FE) completes its annual transmission line inspection before summer and ensures that its infrastructure is prepared to support heavy demand during the summer season.

FirstEnergy (FE) Completes Infrastructure Inspection for Summer

Company offers tips to help customers save energy during peak heat months MORRISTOWN, N.J. , June 20, 2022 /PRNewswire/ -- With anticipated higher electric usage and severe weather possible during the hot summer months, Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed equipment inspections and maintenance throughout its central and northern New Jersey service area to help enhance service reliability for customers.

JCP&L Completes Inspections and Maintenance to Enhance Service Reliability for Customers Through the Summer Season

Company offers tips for customers to manage rising temperatures and energy costs NEW CASTLE, Pa. , June 20, 2022 /PRNewswire/ -- Penn Power, a FirstEnergy Corp. (NYSE: FE) electric company, recently completed proactive equipment inspections and maintenance to reinforce the electric system against extreme heat and severe weather this summer.

Penn Power Completes Proactive Work to Keep Electricity Flowing Safely and Reliably Through Summer Season

Through pilot program, company is working to create 225 pollinator-friendly acres by 2025 AKRON, Ohio , June 17, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is on track to exceed its goal of developing 225 acres of pollinator habitat across its service territory by 2025, including the creation of new habitat in transmission right of ways, at its utility substation properties and at parks and nature preserves. After beginning with a pilot program in 2020, the company has expanded the initiative within its service territory and is on pace to reach nearly 190 pollinator-friendly acres by the end of third quarter in 2022.

FirstEnergy On Pace to Exceed Pollinator Habitat Development Goal

FirstEnergy (FE) is likely to reduce auto emissions by installing level 2 electric charging stations in Maryland and plans to add more EV charging stations as the usage of EV rises in the United States.

FirstEnergy (FE) to Install Charging Stations Under EV Driven

Company to install and maintain up to seven Level 2 charging stations across Maryland service area WILLLIAMSPORT, Md., June 14, 2022 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is now offering a limited number of utility-owned electric vehicle charging stations with no-cost for installation at multifamily properties in its Maryland service area.

Potomac Edison Offering Utility-Owned Chargers for Multifamily Properties

AKRON, Ohio , June 14, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE:  FE) announced today the pricing terms and the accepted tender amounts of its previously announced cash tender offer (Tender Offer). As announced earlier, FirstEnergy offered to purchase for cash up to a maximum combined aggregate purchase price of $1.1 billion, including principal and premium but excluding accrued and unpaid interest (Maximum Tender Amount), of its 7.375% Notes, Series C, due 2031 (2031 Notes) and 4.85% Notes, Series C, due 2047 (which, pursuant to their terms, accrue interest at a rate of 5.35% per annum as of the date of this news release) (2047 Notes and, together with the 2031 Notes, the Notes and, each, a Series of Notes).

FirstEnergy Announces Pricing Terms and Accepted Tender Amounts of Cash Tender Offer

More than 15,000 customers in Mercer and Crawford counties expected to benefit from work CLARK, Pa. , June 14, 2022 /PRNewswire/ -- Penn Power, a FirstEnergy Corp. (NYSE: FE) electric company in western Pennsylvania, is upgrading infrastructure in Mercer and Crawford counties to reinforce the local power grid and prevent lengthy service disruptions, especially during severe weather.

Work Underway to Strengthen Local Penn Power Electric System

AKRON, Ohio , June 14, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today the early participation results of its previously announced cash tender offer (Tender Offer), and its decision to upsize the Maximum Tender Amount (as defined below) to $1.1 billion. FirstEnergy is utilizing the Tender Offer to purchase certain outstanding debt and reduce its leverage, consistent with its plans to reduce debt at the holding company level.

FirstEnergy Upsizes Previously Announced Cash Tender Offer, Announces Early Tender Participation Results and Election of Early Settlement

Company offers tips for customers to manage rising temperatures and energy costs FAIRMONT, W.Va. , June 9, 2022 /PRNewswire/ -- In anticipation of increased electric use along with the potential for seasonal storms, Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed inspections and equipment maintenance across its West Virginia service territory to enhance service reliability for customers during the summer months.

Mon Power Completes Inspections and Maintenance to Help Enhance Service Reliability for Customers Through Summer Season

Company offers tips for customers to manage rising temperatures and energy costs WILLIAMSPORT, Md. , June 9, 2022 /PRNewswire/ -- In anticipation of increased electric use along with the potential for seasonal storms, Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed inspections and equipment maintenance across its Maryland and West Virginia service territory to enhance service reliability for customers during the summer months.

Potomac Edison Completes Inspections and Maintenance to Help Enhance Service Reliability for Customers Through Summer Season

Company offers tips for customers to manage rising temperatures and energy costs AKRON, Ohio , June 9, 2022 /PRNewswire/ -- With the hot summer months likely to produce higher electric usage and potentially severe weather, FirstEnergy Corp.'s (NYSE: FE) Ohio electric companies – 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 equipment and technology upgrades FirstEnergy has made to its electric grid in Ohio over the past two years to help prevent power outages and reduce many interruptions to just a brief or momentary outage.

FirstEnergy's Ohio Utilities Complete Inspections and Maintenance to Help Enhance Service Reliability for Customers Through Summer Season

AKRON, Ohio , June 9, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE:  FE) announced today that it has amended certain terms of its previously announced cash tender offer, including the price and timing as detailed below, and satisfied the tender offer's financing conditions.  FirstEnergy is utilizing this tender offer to purchase certain outstanding debt and reduce its leverage, consistent with its plans to reduce debt at the holding company level.

FirstEnergy Amends Price and Timing of Cash Tender Offer and Announces Satisfaction of Financing Condition

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FirstEnergy's (FE) arm closes the minority interest sale in the transmission business. Net proceeds and transformative investments are likely to support FirstEnergy's grid and clean energy transition plans.

FirstEnergy's (FE) Minority FET Interest Sale to Fund Projects

Investment by Brookfield Super-Core Infrastructure Partners Supports FirstEnergy's Capital Growth Program, Strengthens Balance Sheet AKRON, Ohio , May 31, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that its subsidiary FirstEnergy Transmission, LLC (FET), has completed the sale of a 19.9% minority equity stake to Brookfield Super-Core Infrastructure Partners for $2.375 billion. FirstEnergy retains an 80.1% equity interest in FET and FirstEnergy's workforce will continue to maintain and operate the company's transmission system.

FirstEnergy Completes Minority Interest Sale in Transmission Business

Edison

NRG Energy

Pinnacle West Capital

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6 Dividend-Paying Utility Stocks to Buy for a Coming Recession

AKRON, Ohio , May 25, 2022 /PRNewswire/ -- FirstEnergy Corp. ("FirstEnergy") (NYSE: FE) announced today that it has commenced an offer to purchase for cash (the "Tender Offer") up to the maximum combined aggregate purchase price of $800 million, including principal and premium but excluding accrued and unpaid interest (the "Maximum Tender Amount"), of its 7.375% Notes, Series C, due 2031 (the "2031 Notes") and 4.85% Notes, Series C, due 2047 (which, pursuant to their terms, accrue interest at a rate of 5.35% per annum as of the date of this news release) (the "2047 Notes" and, together with the 2031 Notes, the "Notes" and, each, a "Series" of Notes). Subject to the Maximum Tender Amount, the amount of a Series of Notes that is purchased in the Tender Offer will be based on the Acceptance Priority Levels set forth below.

FirstEnergy Commences Cash Tender Offer for up to $800 Million Aggregate Purchase Price of Certain of Its Outstanding Notes

Companies plan to construct 50 megawatts of clean, renewable solar generation FAIRMONT, W.Va. , May 25, 2022 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), are accepting customer commitments to purchase solar renewable energy credits (SRECs) from five utility-scale solar facilities planned for the companies' West Virginia service territory.

Mon Power and Potomac Edison Now Subscribing Solar Energy Customers in West Virginia

President and CEO Steven E. Strah addresses shareholders John W.

FirstEnergy Holds Annual Meeting, Announces New Board Leadership

Projects designed to enhance electric service reliability for 15,000 customers GREENSBURG, Pa. , May 10, 2022 /PRNewswire/ -- West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is upgrading its distribution system in Butler County to help prevent lengthy service interruptions, particularly during severe weather.

Work Underway to Upgrade West Penn Power's Electrical System in Butler County

Planting event part of FirstEnergy's commitment to plant 14,000+ trees this spring RITTMAN, Ohio , May 6, 2022 /PRNewswire/ -- For the second consecutive year, FirstEnergy Corp. (NYSE: FE) has donated 500 trees to the City of Rittman's William T. Robertson Nature Preserve in Wayne County, Ohio.

FirstEnergy Donates 500 Trees to Rittman Nature Preserve for Second Year

Injection process will extend life of underground electric lines ERIE, Pa. , May 6, 2022 /PRNewswire/ -- Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), is working to enhance service reliability for 380 residential customers and several businesses in Girard Township, Erie County, by injecting underground power lines with a silicone-based fluid that should prolong the line's useful life by up to 30 years.

News for FirstEnergy Stock (FE)