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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.

FAIRMONT, W.Va., March 2, 2022 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) electric companies in West Virginia – Mon Power and Potomac Edison – are urging residential customers experiencing financial hardship to contact their utility as soon as possible to establish an affordable payment arrangement or obtain assistance before shut-offs for nonpayment resume without winter season restrictions beginning March 31.

FirstEnergy's West Virginia Utilities Remind Customers of Available Assistance Programs to Help with Winter Electric Bills

MORRISTOWN, N.J., March 2, 2022 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is urging residential customers experiencing financial hardship to contact the company as soon as possible to establish an affordable payment arrangement or obtain assistance before the winter utility disconnection moratorium is lifted and shut-offs for nonpayment resume beginning March 15.

JCP&L Reminds Customers of Available Assistance Programs as Winter Utility Disconnection Moratorium Set to Expire on March 15

GREENSBURG, Pa., March 2, 2022 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) electric companies in Pennsylvania – West Penn Power, Penn Power, Penelec and Met-Ed – are urging residential customers experiencing financial hardship to contact their utility as soon as possible to establish an affordable payment arrangement or obtain assistance before the winter utility disconnection moratorium is lifted and shut-offs for nonpayment resume beginning April 1.

FirstEnergy's Pennsylvania Utilities Remind Customers of Available Assistance Programs as Winter Utility Disconnection Moratorium Set to Expire on April 1

AKRON, Ohio, March 2, 2022 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) electric companies in Ohio – The Illuminating Company, Ohio Edison and Toledo Edison – are urging residential customers experiencing financial hardship to contact their utility as soon as possible to establish an affordable payment arrangement or obtain assistance before shut-offs for nonpayment resume without winter season restrictions beginning April 15. In a heartfelt message to customers, FirstEnergy employees are speaking out about personal experiences that fuel their passion to help customers who may find themselves seeking financial assistance for the first time.

FirstEnergy's Ohio Utilities Remind Customers of Available Assistance Programs to Help with Winter Electric Bills

AKRON, Ohio, Feb. 28, 2022 /PRNewswire/ -- The Right-of-Way Stewardship Council has named FirstEnergy Corp. (NYSE:FE) a Right-of-Way Steward Utility, an accreditation received by just eight electric utilities in the country. The national recognition is awarded to utilities who demonstrate standards of excellence and leadership in managing vegetation along transmission rights-of-way – the parcels of land FirstEnergy uses to build, repair, and maintain the transmission facilities that serve as the backbone of the electric grid.

FirstEnergy Commitment to Sustainability Recognized with Right-of-Way Steward Accreditation

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) 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 generati

FirstEnergy's Pennsylvania Default Service Program DSP-V Auction: Information Session for Prospective Bidders on Wednesday, March 2, 2022

BOSTON--(BUSINESS WIRE)--CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an RFP auction process will be conducted for FirstEnergy Corp.'s (NYSE: FE) Ohio utilities to procure full requirements service for their Percentage of Income Payment Plan (PIPP) customers. The winning PIPP supplier will be obligated to serve all of the PIPP load for the 12-month delivery period, June 2022 through May 2023

FirstEnergy Ohio Utilities' PIPP RFP Auction: Information Sessions for Prospective Bidders on Thursday, February 24, 2022

HOLMDEL, N.J., Feb. 16, 2022 /PRNewswire/ -- Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has named Amy Overman to the role of external affairs consultant to serve as a liaison with elected officials and support local community involvement activities.

JCP&L Welcomes Amy Overman as New External Affairs Consultant

FAIRMONT, W.Va., Feb. 16, 2022 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed several improvements to its distribution system that are designed to reduce service interruptions for 2,883 customers.

Mon Power Completes Improvements to Enhance Service Reliability

FirstEnergy Corp. (FE) CEO Steve Strah on Q4 2021 Results - Earnings Call Transcript

FirstEnergy's (FE) fourth-quarter earnings lag estimates. FirstEnergy plans to invest $17 billion in the 2021-2025 period for grid modernization and clean energy transition.

FirstEnergy's (FE) Q4 Earnings Miss Estimates, Sales Rise Y/Y

AKRON, Ohio, Feb. 10, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported full-year 2021 GAAP earnings of $1.3 billion, or $2.35 per basic and diluted share of common stock, on revenue of $11.1 billion. In 2020, the company reported GAAP earnings of $1.1 billion, or $1.99 per basic and diluted share of common stock, on revenue of $10.8 billion.

FirstEnergy Announces Fourth Quarter and Full Year 2021 Financial Results

AKRON, Ohio, Feb. 10, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that, acting through the Special Litigation Committee of its Board of Directors, it has agreed to a settlement term sheet to resolve derivative claims asserted on the company's behalf and for the company's benefit in multiple shareholder derivative lawsuits filed in the U.S. District Court for the Southern District of Ohio, the U.S. District Court for the Northern District of Ohio, and the Ohio Court of Common Pleas, Summit County. The measures outlined in the settlement complement the substantial enhancements and actions that FirstEnergy and its Board of Directors have implemented to strengthen FirstEnergy's governance and compliance program.

FirstEnergy Agrees on Terms to Resolve Shareholder Derivative Litigation

READING, Pa., Feb. 9, 2022 /PRNewswire/ -- The FirstEnergy Foundation has donated $250,000 to Alvernia University to help fund its new engineering program at Reading CollegeTowne, a major economic development initiative to help revitalize the Penn Street corridor.

FirstEnergy Foundation Awards $250,000 Grant to Alvernia University for Engineering Lab at new Downtown Reading Campus

TOLEDO, Ohio, Feb. 9, 2022 /PRNewswire/ -- Proactive aerial inspections along nearly 235 miles of 345-kilovolt (kV) transmission lines are currently being completed throughout the Toledo area by American Transmission Systems Incorporated, a FirstEnergy Corp. (NYSE: FE) transmission subsidiary. Completed every four years using a helicopter with an attached high-resolution camera, these comprehensive visual patrols help prevent future power outages by detecting early-stage equipment issues within transmission substations and on high-voltage power lines that cannot be observed from the ground.

Proactive Aerial Inspections of High-Voltage Power Lines Underway in Toledo Area

CRANBERRY, Pa., Feb. 8, 2022 /PRNewswire/ -- Penn Power, a FirstEnergy Corp. (NYSE: FE) electric company, is upgrading and expanding its power system in Butler County, Pennsylvania, to support the future energy demands of the area's rapidly growing population and help prevent lengthy service disruptions during severe weather.

Work Underway to Upgrade, Expand Penn Power's Electric System in Butler County to Support Area's Rapid Growth

ALLIANCE, Ohio, Feb. 7, 2022 /PRNewswire/ -- Ohio Edison, a FirstEnergy Corp. (NYSE: FE) electric company, has completed upgrades to its power system in Alliance, Stark County, to help prevent or minimize the length of service disruptions, particularly during severe weather. The work includes installation of new, automated equipment and technology in a substation and along power lines serving nearly 5,000 customers in Alliance.

Ohio Edison Completes Power System Upgrades in Northern Stark County

FirstEnergy's (FE) fourth-quarter results are likely to have benefited from higher sales volumes from the commercial and industrial group, partly impacted by the absence of Ohio decoupling.

FirstEnergy (FE) to Report Q4 Earnings: What's in the Offing?

AKRON, Ohio, Feb. 1, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) utility personnel are prepared to respond to service interruptions caused by a complex winter storm that is expected to bring heavy snow and damaging ice to Ohio, Pennsylvania and West Virginia this week. Company meteorologists have been tracking the winter storm for several days.

FirstEnergy Utilities Preparing for Powerful Winter Storm

AKRON, Ohio, Feb. 1, 2022 /PRNewswire/ -- To help advance a sustainable energy future, FirstEnergy Corp. (NYSE: FE) today announced a $2.5 million investment in global venture capital firm Energy Impact Partners' (EIP) Frontier Fund, which targets early-stage, innovative decarbonization technologies. Through this fund, EIP works closely with industry entrepreneurs and leading utility, energy, environmental, and finance companies to identify and invest in decarbonization technology, from idea inception to commercial success, that can help accelerate the world's transition to net-zero greenhouse gas emissions.

FirstEnergy Invests in Venture Capital Fund Targeting Decarbonization Technology

WILLLIAMSPORT, Md., Feb. 1, 2022 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has launched a pole recycling program in its Maryland and West Virginia service territory as part of FirstEnergy's companywide sustainability initiative to recycle and repurpose utility poles.

Potomac Edison Launches Utility Pole Recycling Program

AKRON, Ohio, Jan. 28, 2022 /PRNewswire/ -- For the fourth consecutive year, FirstEnergy Corp. (NYSE: FE) has been included in the Bloomberg Gender-Equality Index (GEI), recognizing its commitment to gender equality in the workplace and the communities in which it operates. The GEI uses a standardized reporting framework to measure gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies and factors like supplier diversity and community support.

FirstEnergy Earns 2022 Bloomberg Gender-Equality Index Designation

AKRON, Ohio, Jan. 25, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Steve Fortune has been named vice president and chief information officer, effective February 7. Fortune will be responsible for leading FirstEnergy's Information Technology (IT) organization, including the Cyber and Physical Security, Innovation and Digital Enablement and Information Technology groups.

FirstEnergy Names Steve Fortune Vice President & Chief Information Officer

PARMA, Ohio, Jan. 19, 2022 /PRNewswire/ -- The Illuminating Company, a FirstEnergy Corp. (NYSE: FE) subsidiary, is upgrading power infrastructure in Parma, Cuyahoga County, to reinforce the local power grid and prevent lengthy service disruptions, especially during severe weather. The work includes installation of new, automated equipment and technology in substations and along neighborhood power lines serving nearly 15,000 residents and businesses in the area.

Work Underway to Upgrade The Illuminating Company's Electrical Power System in Parma

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 7, 2022. The bidding process will use a descending-price clock auction format. The aucti

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