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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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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.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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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.

NEW CASTLE, Pa. , May 2, 2023 /PRNewswire/ -- In celebration of Earth and Arbor Days, FirstEnergy Corp. (NYSE: FE) has donated nearly 700 trees to organizations in Mercer County, Pennsylvania.

FirstEnergy Donates, Plants Nearly 700 Trees in Mercer County to Celebrate Earth and Arbor Days

Upgraded line will enhance reliability for thousands of Met-Ed customers GREENSBURG, Pa. , May 1, 2023 /PRNewswire/ -- Mid-Atlantic Interstate Transmission (MAIT), a subsidiary of FirstEnergy Corp. (NYSE: FE), has rebuilt a high-voltage power line in Lebanon County, Pennsylvania, to enhance electric system reliability.

FirstEnergy Transmission Subsidiary Upgrades High-Voltage Power Line in Lebanon Valley

JCP&L leader recognized for supporting career opportunities in diverse communities MORRISTOWN, N.J. , May 1, 2023 /PRNewswire/ -- Jim Fakult, president of New Jersey Operations for FirstEnergy Corp. (NYSE: FE) and its subsidiary Jersey Central Power & Light (JCP&L), has been honored with the Difference Maker Award by the Morris County chapter of the Urban League.

JCP&L President Jim Fakult Receives Difference Maker Award from Morris County Urban League

AKRON, Ohio , May 1, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) ("FirstEnergy") announced today that it intends to offer, subject to market and other conditions, $1.0 billion aggregate principal amount of convertible senior notes due 2026 (the "convertible notes") in a private placement under the Securities Act of 1933, as amended (the "Securities Act"). FirstEnergy also intends to grant to each of the initial purchasers of the convertible notes an option to purchase, within a 13-day period from, and including, the date on which the convertible notes are first issued, up to an additional $150 million aggregate principal amount of the convertible notes.

FirstEnergy Announces Proposed Offering of $1.0 Billion of Convertible Senior Notes Due 2026

FirstEnergy Corp. (NYSE:FE ) Q1 2023 Earnings Conference Call April 28, 2023 10:00 AM ET Company Participants Irene Prezelj - Vice President, Investor Relations and Communications John Somerhalder - Board Chair, Interim President and Chief Executive Officer Jon Taylor - Senior Vice President and Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Jeremy Tonet - JPMorgan Steve Fleishman - Wolfe Research David Arcaro - Morgan Stanley Angie Storozynski - Seaport Global Sophie Karp - KeyBanc Gregg Orrill - UBS Julien Dumolin-Smith - Bank of America Anthony Crowdell - Mizuho Andrew Weisel - Scotiabank Operator Greetings and welcome to the FirstEnergy Corp First Quarter Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

FirstEnergy Corp. (FE) Q1 2023 Earnings Call Transcript

FirstEnergy's (FE) first-quarter earnings miss estimates, while revenues surpass the same.

FirstEnergy's (FE) Q1 Earnings Lag Estimates, Revenues Beat

FirstEnergy (FE) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.60 per share a year ago.

FirstEnergy (FE) Q1 Earnings Miss Estimates

Reports first quarter 2023 GAAP earnings of $0.51 per share and operating (non-GAAP) earnings of $0.60 per share Updates full-year GAAP forecast, affirms 2023 operating guidance and  provides outlook for the second quarter Affirms targeted 6-8% long-term annual operating earnings per share growth rate AKRON, Ohio , April 27, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported first quarter 2023 GAAP earnings of $292 million, or $0.51 per basic and diluted share, on revenue of $3.2 billion. In the first quarter of 2022, the company reported GAAP earnings of $288 million, or $0.51 per basic share of common stock ($0.50 diluted), on revenue of $3.0 billion.

FirstEnergy Announces First Quarter 2023 Financial Results

FirstEnergy's (FE) first-quarter results are expected to benefit from completion of service reliability projects, return from regulated investment, and lower operation and maintenance expenses.

FirstEnergy (FE) to Report Q1 Earnings: Here's What to Expect

AKRON, Ohio , April 21, 2023 /PRNewswire/ -- For the third consecutive year, FirstEnergy Corp. (NYSE: FE) will donate 300 trees to Mill Creek MetroParks in Mahoning County, Ohio, to celebrate Earth and Arbor days. A mixed variety of hardwood trees will be planted on Monday, April 25, by employees of FirstEnergy and its Ohio Edison electric company throughout the MetroParks' 402-acre farm in Canfield.

FirstEnergy to Donate, Plant 700 Trees Across Mahoning Valley to Celebrate Earth and Arbor Days

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: What to Know Ahead of Next Week's Release

"Price to compare" rising June 1 following higher competitive auction prices AKRON, Ohio , April 19, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is encouraging customers of its Ohio electric companies – Ohio Edison, The Illuminating Company and Toledo Edison – to evaluate electric supply offers from competitive suppliers that fit their budget and protect against rising energy prices this summer. Due to the results of recent competitive auctions, FirstEnergy customers who rely on their electric company for all aspects of service are expected to see an increase in the price they pay for electric generation beginning June 1.

FirstEnergy's Ohio Electric Companies Encourage Customers to Review Options to Help Manage Summer Electric Bills

FAIRMONT, W.Va. , April 18, 2023 /PRNewswire/ -- FirstEnergy (NYSE: FE) electric company Mon Power is now powering an electric vehicle charger with renewable energy generated by an array of solar panels outside of its headquarters building along I-79 in Fairmont.

Solar-Powered EV Charging Station in Service at Mon Power Headquarters

Project designed to enhance service reliability for rural customers READING, Pa. , April 18, 2023 /PRNewswire/ -- Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), is upgrading its electric grid in southern York County, Pennsylvania, to help prevent service disruptions, particularly during severe weather.

Met-Ed Upgrading Electric System in York County, Pennsylvania

Contract buyout expected to  save customers millions by ending power generation contract before 2030 WILLIAMSPORT, Md. , April 18, 2023 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has submitted a proposal to the Maryland Public Service Commission (PSC) to buy out its contract with AES's Warrior Run generating station approximately seven years early, which is forecasted to save customers nearly $80 million over that period.

Potomac Edison Files Proposal with Maryland Public Service Commission to End Warrior Run Contract

FirstEnergy Corporation (FE) makes a strong case for investment, given its earnings growth, strong ROE and available liquidity.

Here's Why You Should Add FirstEnergy (FE) to Your Portfolio

Newly proposed programs aim to help customers better manage their electric bills AKRON, Ohio , April 5, 2023 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Ohio electric companies – Ohio Edison, Cleveland Electric Illuminating Company and Toledo Edison – have filed a proposed Electric Security Plan (ESP) with the Public Utilities Commission of Ohio (PUCO) that would support their commitment to investing in, modernizing and maintaining the electric distribution system while creating new customer assistance programs and energy efficiency initiatives that help customers manage and control their electric bills.  "Our plan will build on the significant enhancements we've made to reinforce the grid against progressively stronger storms," said Patricia Mullin, acting president of FirstEnergy's Ohio operations.

FirstEnergy Ohio Electric Companies File Electric Security Plan to Support Continued Reliability Investments and New Customer Programs

Crews standing by and readying for strong winds and potential thunderstorms AKRON, Ohio , March 31, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric company personnel are preparing to respond to service interruptions caused by another spring severe weather system that is expected to bring strong wind gusts and potential thunderstorms this weekend to Ohio, Pennsylvania, New Jersey, West Virginia and Maryland. The system is expected to bring wind gusts of 40 to 50 miles per hour – and potentially higher in some areas – starting on Friday and extending into Saturday evening, with an additional risk of scattered thunderstorms on Saturday.

FirstEnergy Electric Companies Preparing for Weekend Winds

FirstEnergy (FE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About FirstEnergy (FE) Rating Upgrade to Buy

AKRON, Ohio , March 27, 2023 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) utilities continue work to complete service restoration for customers who lost power after heavy rain and wind in Ohio, western Pennsylvania and West Virginia over the weekend. More than 450,000 customers lost service across our system, and about 41,000 customers remain without service.

MEDIA ADVISORY: Updated Restoration Numbers for FirstEnergy Customers

Tierney Brings Deep Industry, Operational and Financial Expertise to Advance FirstEnergy's Strategy AKRON, Ohio , March 27, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that the board of directors has unanimously agreed to appoint Brian X. Tierney president and chief executive officer, effective June 1, 2023.

FirstEnergy Names Brian X. Tierney President and Chief Executive Officer

AKRON, Ohio , March 26, 2023 /PRNewswire/ -- Service has been restored to approximately 293,000 of the more than 454,000 FirstEnergy Corp. (NYSE: FE) customers who lost power due to powerful rain and wind storms that swept across the region on Saturday. Strong winds with gusts exceeding 60 mph in many places began battering Ohio, western Pennsylvania and West Virginia late yesterday morning.

FirstEnergy Crews Making Repairs Following Widespread Rain and Wind Storm

Company personnel ready to respond to outages caused by high winds and heavy rain AKRON, Ohio , March 24, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric company personnel are prepared to respond to service interruptions caused by a storm system that is expected to bring high winds and heavy rain this weekend to Ohio, Pennsylvania and West Virginia. Company meteorologists have been tracking the storm for several days.

FirstEnergy Electric Companies Preparing for Severe Weekend Weather

Residential Rates to Remain Lowest Among Maryland's Investor-Owned Regulated Electric Utilities WILLIAMSPORT, Md. , March 23, 2023 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has requested a review of its base electric rates by the Maryland Public Service Commission (PSC).

Potomac Edison Files Rate Review to Help Support Continued Service Reliability

Larger wires installed along eight miles of transmission line can handle increased demand GREENSBURG, Pa. , March 22, 2023 /PRNewswire/ -- West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed the upgrade of a high-voltage transmission line in Westmoreland County, stringing new, larger wires that can handle additional demand if other lines in the area are out of service.

News for FirstEnergy Stock (FE)