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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.

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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

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Earnings data Q1 2023

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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.

CRA International

BOSTON--( BUSINESS WIRE )--CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.'s (NYSE: FE) Ohio utilities to procure full requirements service for their Standard Service Offer customers. The auction process will lead up to the auction scheduled for March 20, 2023.

FirstEnergy Ohio Utilities' Competitive Bidding Process Auction: Information Session for Prospective Bidders on Wednesday, February 1, 2023

YOUNGSTOWN, Ohio , Jan. 31, 2023 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), recently broke ground on a new operations service center in North Jackson, Mahoning County, to help streamline operations and maximize efficiencies along the local high-voltage power system. The nearly 20,000-square-foot facility, located within Ohio Edison's service area, will provide company personnel with direct access to heavy-duty transmission equipment and materials to help enhance electric service reliability and minimize the impact of service disruptions for customers in the area.

Construction Underway on New FirstEnergy Transmission Service Center in Mahoning County

GREENSBURG, Pa. , Jan. 30, 2023 /PRNewswire/ -- West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is upgrading its distribution system in Allegheny and Washington counties to help prevent lengthy service interruptions, particularly during severe weather.

West Penn Power Electrical System Upgrades to Help Prevent Service Disruptions for Customers in Allegheny and Washington Counties

Gifts are part of the FirstEnergy Foundation's annual holiday philanthropic campaign ERIE, Pa. , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has granted surprise "Gifts of the Season" totaling $40,000 to four local nonprofits that are working to make lives better in communities within Penelec's service area.

FirstEnergy Foundation Presents "Gifts of the Season" Totaling $40,000 to Charitable Organizations in Penelec's Service Area

Gifts are part of the FirstEnergy Foundation's annual holiday philanthropic campaign GREENSBURG, Pa. , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has granted surprise "Gifts of the Season" totaling $50,000 to three local nonprofits that are working to make lives better in communities within the West Penn Power and Penn Power service areas.

FirstEnergy Foundation Presents "Gifts of the Season" Totaling $50,000 to Charitable Organizations in West Penn Power and Penn Power Service Areas

Gifts are part of the FirstEnergy Foundation's annual holiday philanthropic campaign READING, Pa. , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has granted surprise "Gifts of the Season" totaling $40,000 to four local nonprofits that are working to make lives better in communities within Met-Ed's service area.

FirstEnergy Foundation Presents "Gifts of the Season" Totaling $40,000 to Charitable Organizations in Met-Ed's Service Area

FAIRMONT, W.Va. , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has given a surprise grant of $20,000 to We Have Your Six, Inc., a nonprofit veterans' support group that helps veterans obtain VA benefits, disability benefits, utilize their GI bills, locate job training or find a job.

FirstEnergy Foundation Presents $20,000 "Gift of the Season" to Local Veterans' Organization in Mon Power's Service Area as Part of Holiday Giving Campaign

Gifts are part of the FirstEnergy Foundation's annual holiday campaign AKRON, Ohio , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has granted surprise "Gifts of the Season" totaling $40,000 to five local nonprofits that are working to make lives better in communities within Ohio Edison's service area. The recipients of this year's gifts are organizations that provide support services to underserved and vulnerable individuals of all ages across northeast and northcentral Ohio: Girl Set Free in Canton, Stark County ($10,000) – The organization's mission is to rescue victims of human trafficking and offer them various resources and counseling to help achieve independence and a better quality of life.

FirstEnergy Foundation Presents "Gifts of the Season" Totaling $40,000 to Charitable Organizations in Ohio Edison's Service Area

Local gifts totaling $36,500 are part of the FirstEnergy Foundation's annual holiday campaign   WILLIAMSPORT, Md. , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has granted surprise "Gifts of the Season" totaling $36,500 to two local nonprofits that are working to make lives better in communities within the Potomac Edison service area.

FirstEnergy Foundation Presents "Gifts of the Season" to Charitable Organizations in Potomac Edison's Service Area

Local gifts totaling $40,000 are part of the FirstEnergy Foundation's annual holiday campaign CLEVELAND , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has granted surprise $20,000 "Gifts of the Season" to two local nonprofits that communities within The Illuminating Company's greater Cleveland service area. The recipients of this year's gifts are Colors+ Youth Center in Fairview Park and Village of Healing in Euclid – two Cuyahoga County organizations that provide support services to underserved and vulnerable individuals of all ages across northeast Ohio.

FirstEnergy Foundation Presents "Gifts of the Season" to Local Charitable Organizations in The Illuminating Company's Service Area

Local gifts totaling $40,000 are part of the FirstEnergy Foundation's annual holiday campaign TOLEDO, Ohio , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation granted surprise $20,000 "Gifts of the Season" to two local nonprofits that are working to make lives better in communities within Toledo Edison's service area. The recipients of this year's gifts are Sunshine Communities, Inc. in Maumee and Grace Community Center in Toledo – two Lucas County organizations that provide support services to underserved and vulnerable individuals of all ages across northwest Ohio.

FirstEnergy Foundation Presents "Gifts of the Season" to Local Charitable Organizations in Toledo Edison's Service Area

Annual campaign provides $40,000 in gifts to local nonprofits HOLMDEL, N.J. , Jan. 27, 2023 /PRNewswire/ -- The FirstEnergy Foundation has granted two New Jersey nonprofits with $20,000 "Gifts of the Season," aiding in their mission to make lives brighter within the Jersey Central Power & Light (JCP&L) service area.

FirstEnergy Foundation Presents "Gifts of the Season" to Local Organizations in the JCP&L Service Area

Work is first phase of project to enhance grid reliability for electric customers  AKRON, Ohio , Jan. 23, 2023 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed a 13-mile upgrade to a high-voltage transmission line in Carroll and Columbiana counties in eastern Ohio. The first phase of a larger 64-mile transmission line project, the upgraded segment will enhance service reliability for customers in eastern Ohio, strengthen system resiliency and accommodate increasing demand for electricity in the future.

FirstEnergy Upgrades Transmission Line in Eastern Ohio

FirstEnergy is a major electric utility serving much of the mid-Atlantic region. The company is positioned to deliver solid total returns over the next few years, although it would be nice to have more visibility than the company has provided.

FirstEnergy: A Few Positives But Some Concerns

FAIRMONT, W.Va. , Jan. 17, 2023 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have signed an agreement with the town of Harpers Ferry to advance the future of clean energy.

Mon Power and Potomac Edison Move Closer to Construction of Solar Power Plants with Clean Energy Commitment from Harpers Ferry

Programs can help alleviate growing balances for customers having financial difficulty AKRON, Ohio , Jan. 17, 2023 /PRNewswire/ -- Residential customers of Ohio Edison, The Illuminating Company and Toledo Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), who are having difficulty making ends meet are encouraged to contact their utility now to enroll in payment plans or to receive referrals for bill assistance programs. "Many of our customers continue to face financial challenges due to ongoing economic uncertainty," said Patricia Mullin, acting president of Ohio Operations for FirstEnergy.

FirstEnergy Ohio Utilities Encourage Customers to Arrange Payment Plans and Apply for Bill Assistance Programs

Programs can help alleviate growing balances for customers having financial difficulty GREENSBURG, Pa. , Jan. 17, 2023 /PRNewswire/ -- Residential customers of Penelec, Penn Power, Met-Ed and West Penn Power, subsidiaries of FirstEnergy Corp. (NYSE: FE), who are having difficulty making ends meet are encouraged to contact their utility now to enroll in payment plans or to receive referrals for bill assistance programs.

FirstEnergy Pennsylvania Utilities Encourage Customers to Arrange Payment Plans and Apply for Bill Assistance Programs

Programs can help alleviate growing balances for customers having financial difficulty FAIRMONT, W.Va. , Jan. 17, 2023 /PRNewswire/ -- West Virginia residential customers of Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), who are having difficulty making ends meet are encouraged to contact their utility now to enroll in payment plans or to receive referrals for bill assistance programs.

FirstEnergy's West Virginia Utilities Encourage Customers to Arrange Payment Plans and Apply for Bill Assistance Programs

Programs can help alleviate growing balances for customers having financial difficulty MORRISTOWN, N.J. , Jan. 17, 2023 /PRNewswire/ -- Residential customers of Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), who are having difficulty making ends meet are encouraged to contact their utility now to enroll in payment plans or to receive referrals for bill assistance programs.

JCP&L Encourages Customers to Arrange Payment Plans and Apply for Bill Assistance Programs

Programs can help alleviate growing balances for customers having financial difficulty WILLIAMSPORT, Md. , Jan. 17, 2023 /PRNewswire/ -- Residential customers of Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), who are having difficulty making ends meet are encouraged to contact their utility now to enroll in payment plans or to receive referrals for bill assistance programs.

Potomac Edison Encourages Customers to Arrange Payment Plans and Apply for Bill Assistance Programs

Company recognized for recovery following extreme weather in June 2022 AKRON, Ohio , Jan. 12, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has received an Emergency Recovery Award from the Edison Electric Institute (EEI) in recognition of its outstanding response in restoring power to more than 287,000 customers in Ohio and West Virginia following severe weather that produced three confirmed tornadoes and extreme temperatures in June 2022. This is the seventeenth consecutive year that FirstEnergy has been recognized by EEI for its storm response efforts.

FirstEnergy Receives Industry Recognition for Outage Restoration Efforts

Guidance from grid operator predicts high electric demand today amid extreme cold AKRON, Ohio, Dec. 24, 2022 /PRNewswire/ -- Due to the continuing frigid weather impacting FirstEnergy's service territory along with much of the country, PJM Interconnection, the electric grid operator for the region, is asking that customers take steps to conserve electricity through 10 a.m. on Sunday, December 25.

FirstEnergy and PJM Ask Customers to Conserve Electricity

AKRON, Ohio , Dec. 22, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) utility personnel are prepared to respond to possible service interruptions caused by a significant winter storm that is expected to bring ice, snow, rain, heavy wind and bitterly cold temperatures to its service territory beginning this afternoon through Saturday.  Company meteorologists have been tracking the winter storm for several days and expect severe winds and extreme cold throughout its entire service territory.

FirstEnergy Utilities Prepared to Respond to Winter Storm

Battery paired with EV fast-charging stations installed in Myersville WILLIAMSPORT, Md. , Dec. 13, 2022 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed a battery energy storage project paired with two new electric vehicle (EV) fast-charging stations and one Level 2 charging station in Frederick County, Maryland.

Potomac Edison Completes First Battery Storage Project to Support EV Charging and Ease Demand on Grid

BOSTON--( BUSINESS WIRE )--CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.'s (NYSE: FE) Pennsylvania utilities — Metropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”) — to procure full requirements Default Supply generation service for their Default Service Customers. The auction process will lead up to the auctions scheduled for January 30, 2023.

FirstEnergy's Pennsylvania Default Service Program DSP-V and DSP-VI Auctions: Information Session for Prospective Bidders on Thursday, December 15, 2022

News for FirstEnergy Stock (FE)