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Distribution services and retail generation

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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

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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.

AKRON, Ohio, June 17, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Michael Montaque has been named vice president, Internal Audit, effective July 12. In this role, he will be responsible for developing and executing an audit plan that reflects FirstEnergy's core values and behaviors; establishing standards and implementing robust procedures to ensure that company audits identify and prevent business risks; and providing independent and objective assurance services regarding the effectiveness and efficiency of the company's governance, risk management, compliance, and control processes.

FirstEnergy Names Michael Montaque Vice President, Internal Audit

BRECKSVILLE, Ohio, June 16, 2021 /PRNewswire/ -- The Illuminating Company, a subsidiary of FirstEnergy Corp. (NYSE: FE), recently partnered with wildlife officials to protect an active red-tailed hawk nest containing eggs situated on a transformer near an energized power line in Strongsville. The proactive work will also prevent power disruptions in the area that could be caused by the fire hazard created from a wet nest capable of conducting electricity.

The Illuminating Company Partners with Wildlife Officials to Protect Nesting Birds, Prevent Power Outages in Strongsville

WILLIAMSPORT, Md., June 16, 2021 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), will host two teachers from Washington and Frederick counties this summer as part of the Maryland Chamber Foundation's 2021 Teacher Externship Program.

Potomac Edison To Host Local Teachers Through Maryland Chamber Foundation 2021 Externship Program

MORRISTOWN, N.J., June 10, 2021 /PRNewswire/ -- Jim Fakult, president of Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has been elected chairman of the New Jersey Chamber of Commerce.

JCP&L President Jim Fakult Elected Chairman of N.J. Chamber of Commerce

FirstEnergy (FE) completes maintenance and inspection work of its infrastructure to gear up for the hurricane season and provide continuous power supply during the sweltering summer.

FirstEnergy (FE) Checks Infrastructure to Lower Power Outages

AKRON, Ohio, June 9, 2021 /PRNewswire/ -- As temperatures rise, FirstEnergy Corp. (NYSE:FE) customers can take steps to beat the heat while also managing their energy costs.   Extreme temperatures can often lead to rising energy use for customers as the need for air conditioning increases and HVAC systems strain to keep up with higher demand.

FirstEnergy Offers Customers Energy-Saving Tips to Beat the Summer Heat

NorthWestern

Utility remains one of the only attractively priced sectors. Not only do the sector stocks still have significant upside, they also offer attractive yields.

The 2 Best Utility Stocks For 2021

HOLMDEL, N.J., June 7, 2021 /PRNewswire/ -- Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed inspections and conducted equipment maintenance projects across its 3,200-square-mile service area to enhance customer service reliability as part of its annual summer preparedness plan.

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

MORRISTOWN, N.J., June 2, 2021 /PRNewswire/ -- Jersey Central Power and Light, (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), will launch a broad selection of energy efficiency programs this summer to help customers save energy, reduce bills and protect the environment.

JCP&L Launching Energy Efficiency Programs July 1

HOLMDEL, N.J., June 1, 2021 /PRNewswire/ -- Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has resumed indoor electric meter reading, a practice suspended in March 2020 for the safety of employees and the general public during the coronavirus pandemic.

JCP&L Resumes Indoor Meter Reading Following Pause During Pandemic

WILLIAMSPORT, Md., June 1, 2021 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is using a helicopter equipped with an aerial saw to trim trees and maintain electrical clearances along six difficult-to-access transmission line corridors in Maryland, West Virginia and Virginia.

Potomac Edison Using Aerial Saw to Trim Trees in Remote Areas

WILLIAMSPORT, Md., May 27, 2021 /PRNewswire/ -- Customers of Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), can receive $25 by recycling working room air conditioners, dehumidifiers, or mini-refrigerators at an appliance recycling event in Frederick, Md.

Potomac Edison Hosting Local Appliance Recycling Event

Vistra Energy

While most investors overweight Tech, SPACs and Crypto, we are going after good old utilities. Utilities get very little attention despite having historically outperformed most other investments.

2 New Buy Alerts With 4% Yield And Upside

AKRON, Ohio, May 20, 2021 /PRNewswire/ -- For the third consecutive year, FirstEnergy Corp. (NYSE: FE) has been recognized by DiversityInc as one of the top utilities in the nation for its workforce diversity and inclusion initiatives. The company was also included on DiversityInc's Environmental, Social and Governance (ESG) and Philanthropy lists for the first time.

FirstEnergy Named to DiversityInc 2021 Top Utilities, ESG and Philanthropy Lists

AKRON, Ohio, May 18, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) President and Chief Executive Officer Steven E. Strah told shareholders today that the company is embarking on a transformation designed to deliver exceptional value to customers and shareholders, while it continues to implement its successful long-term growth strategies.

FirstEnergy Executives Address Shareholders

MORRISTOWN, N.J., May 17, 2021 /PRNewswire/ -- Residential and business 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 to Avoid Unmanageable Balances

AKRON, Ohio, May 17, 2021 /PRNewswire/ -- A transmission affiliate of FirstEnergy Corp. (NYSE: FE) has completed rebuilding a 69-kilovolt transmission line to help enhance electric service reliability for Ohio Edison customers in and around Morrow County. The 12.8-mile line upgrade includes the installation of new poles between two substations as well as updating equipment to help increase capacity and reduce the number of equipment-related outages.

FirstEnergy Transmission Line Rebuild Helps Enhance Reliability for Ohio Edison Customers

READING, Pa., May 13, 2021 /PRNewswire/ -- Metropolitan Edison (Met-Ed), a subsidiary of FirstEnergy Corp. (NYSE: FE), is using a helicopter equipped with an aerial saw to trim trees and maintain electrical clearances along four difficult-to-access transmission line corridors crossing York and Adams Counties.

Aerial Saw Trimming Trees Along Transmission Lines in Met-Ed Service Territory

AKRON, Ohio, May 13, 2021 /PRNewswire/ -- Customers of FirstEnergy's (NYSE: FE) utilities can now get updates on their electric bill through Amazon's® Alexa® and Alexa-compatible devices including Echo® and Fire TV®. This new functionality can help customers retrieve important details about their electric account and their electric bill, delivering answers within seconds of being prompted.

Alexa® Functionality Now Available for FirstEnergy Utility Customers

FirstEnergy Corp, the U.S. utility that gave activist investor Carl Icahn seats on its board this year, is exploring divestitures as an alternative to raising cash by selling stock, according to four people familiar with the matter.

Fresh from Icahn settlement, FirstEnergy weighs divestitures - sources

FirstEnergy's (FE) arm gets an approval for its two battery energy storage projects as part of the state of Maryland's Energy Storage Pilot Program. These will provide backup power during peak demand.

FirstEnergy (FE) Gets Nod for Two Battery Storage Projects

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, May 12, 2021

WILLIAMSPORT, Md., May 11, 2021 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has received approval from the Maryland Public Service Commission for two battery energy storage projects in Allegany and Frederick counties, the latter of which will be paired with a new electric vehicle (EV) fast-charging station.

Potomac Edison Receives Approval for Two Battery Energy Storage Projects

TOLEDO, Ohio, May 11, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) continues investing in upgrades to its Toledo Edison electric system to support a $700 million expansion at North Star BlueScope Steel and to meet the projected energy needs of other industrial facilities in the area. FirstEnergy recently invested nearly $2.5 million to upgrade equipment at the substation that delivers electricity to North Star BlueScope Steel in Delta.

FirstEnergy Power Upgrades Will Support Manufacturing and Boost Economic Growth in Fulton County, Ohio

ERIE, Pa., May 10, 2021 /PRNewswire/ -- Penelec, a FirstEnergy Corp. (NYSE: FE) utility, plans to inject aging underground distribution lines serving an Erie condominium complex with a silicone-based fluid that should prolong its useful life by up to 40 additional years. This technologically advanced repair method allows the cable to provide continued reliable electric service for a fraction of the replacement cost and eliminates the need to dig trenches through landscaped yards and driveways to bury new lines.

News for FirstEnergy Stock (FE)