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Distribution services and retail generation

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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

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.

GREENSBURG, Pa., May 5, 2021 /PRNewswire/ -- West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is completing transmission line upgrades to help enhance electric service reliability for customers in Allegheny, Armstrong, and Westmoreland Counties.

Transmission Line Upgrades to Help Enhance Reliability for West Penn Power Customers

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AKRON, Ohio, May 3, 2021 /PRNewswire/ -- Ohio Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is completing modernization work in Summit and Portage counties to help prevent power outages and provide more flexibility in restoring power faster. The work includes installation of new, automated equipment and technology in substations and along power lines serving more than 30,000 customers in parts of Macedonia, Twinsburg, Northfield, Streetsboro and nearby areas.

Ohio Edison Upgrades Power System in Summit and Portage Counties

MORRISTOWN, N.J., April 27, 2021 /PRNewswire/ -- Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has been recognized with the Environmental Leadership Award for Recycling/Pollution Prevention Programs by The Commerce & Industry Association of New Jersey (CIANJ) and COMMERCE Magazine.

JCP&L Honored with Environmental Leadership Award by CIANJ and COMMERCE Magazine

FirstEnergy Corporation (FE) CEO Steve Strah on Q1 2021 Results - Earnings Call Transcript

FirstEnergy's (FE) Q1 results reflect better year-over-year earnings as well as revenues on the back of higher residential demand.

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

FirstEnergy (FE) delivered earnings and revenue surprises of 1.47% and -5.82%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

FirstEnergy (FE) Q1 Earnings Beat Estimates

Shares of FirstEnergy (NYSE:FE) fell in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 4.55% year over year to $0.69, which beat the estimate of $0.67.

FirstEnergy: Q1 Earnings Insights

AKRON, Ohio, April 22, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported first quarter 2021 GAAP earnings of $335 million, or $0.62 per basic and diluted share of common stock, on revenue of $2.7 billion . In the first quarter of 2020, the company reported GAAP earnings of $74 million, or $0.14 cents per basic and diluted share of common stock, on revenue of $2.7 billion.

FirstEnergy Announces First Quarter 2021 Financial Results

FirstEnergy (FE) has moved higher as of late, but there could definitely be trouble on the horizon for this company

FirstEnergy (FE) is in Overbought Territory: What's Next?

AKRON, Ohio, April 19, 2021 /PRNewswire/ -- FirstEnergy (NYSE:FE) is set to plant thousands of trees throughout its service territory from April 22 through April 30 to celebrate Earth Day and Arbor Day. The initiative is an important part of the company's efforts to reduce FirstEnergy's carbon footprint, promote responsible use of natural resources and further the advancement of sustainable practices.

FirstEnergy to Plant Trees Marking Earth Day, Arbor Day Celebrations

Better residential demand along with efforts to lower operating costs is likely to aid FirstEnergy's (FE) first-quarter results.

What's in the Offing for FirstEnergy's (FE) Q1 Earnings?

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) to Report Q1 Results: Wall Street Expects Earnings Growth

MORRISTOWN, N.J., April 14, 2021 /PRNewswire/ -- For the second consecutive year, Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has been awarded the Certificate of Innovation in Sustainability by the New Jersey Department of Environmental Protection (NJDEP).

JCP&L Awarded Certificate of Innovation in Sustainability by New Jersey Department of Environmental Protection

TOLEDO, Ohio, April 13, 2021 /PRNewswire/ -- As part of its ongoing efforts to protect nesting birds, Toledo Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has partnered with the U.S. Fish and Wildlife Service to donate and install a 55-foot wooden pole with a nesting platform atop at the Cedar Point National Wildlife Refuge, which is part of the Ottawa National Wildlife Refuge Complex. This proactive work will provide a safe nesting location for the growing osprey population and promote osprey conservation efforts in the area.

Toledo Edison Partners with Ottawa National Wildlife Refuge Complex to Protect Nesting Birds

To lower the frequency of power outages and maintain 24X7 electricity supply, FirstEnergy's (FE) units are investing heavily in vegetation management program.

FirstEnergy (FE) Announces Plans to ReduceTree-Related Outages

AKRON, Ohio, April 8, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has partnered with Alvernia University in Reading, Pa., and Pierpont Community and Technical College in Fairmont, W.V.

FirstEnergy's Educate to Elevate Program Expands to Pennsylvania and West Virginia

MORRISTOWN, N.J., April 7, 2021 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is conducting tree trimming work along more than 3,700 miles of power lines across its 13-county service territory as part of its annual vegetation management program.

JCP&L 2021 Tree Trimming Program to Enhance Service Reliability

READING, Pa., April 7, 2021 /PRNewswire/ -- Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), continues to conduct tree trimming work in communities across its service area in Pennsylvania as part of its ongoing efforts to help enhance electric service reliability.

Met-Ed's 2021 Tree Trimming Program to Enhance Service Reliability

FAIRMONT, W.Va., April 7, 2021 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has begun its 2021 tree trimming program and will clear vegetation around nearly 5,700 miles of power lines this year as part of its ongoing efforts to enhance service reliability for West Virginia customers.

Mon Power 2021 Tree Trimming Program Underway

AKRON, Ohio, April 7, 2021 /PRNewswire/ -- Ohio Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is conducting tree trimming and other vegetation management work in communities across its 34-county service area in Ohio to help enhance service reliability for customers. This year's $22 million tree-trimming program will help keep power flowing to customers around the clock by preventing tree-related outages, such as those that can occur during the spring and summer storm season.

Ohio Edison Invests $22 Million in Tree-Trimming Work to Help Minimize Impact of Severe Weather

ERIE, Pa., April 7, 2021 /PRNewswire/ -- Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), continues to conduct tree trimming work in communities across its Pennsylvania service areas as part of its ongoing efforts to help enhance electric service reliability.  Maintaining proper clearances around electrical equipment can help reduce the frequency and duration of tree-related power outages, especially those associated with severe weather such as spring and summer thunderstorms.

Penelec's 2021 Tree Trimming to Enhance Reliability

NEW CASTLE, Pa., April 7, 2021 /PRNewswire/ -- Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is conducting tree trimming and other vegetation management work in communities across its western Pennsylvania service area to help enhance service reliability for customers.

Penn Power Invests Nearly $9.5 Million in Tree-Trimming Work to Help Minimize Impact of Severe Weather

BRECKSVILLE, Ohio, April 7, 2021 /PRNewswire/ -- The Illuminating Company, a subsidiary of FirstEnergy Corp. (NYSE: FE), is conducting tree trimming and other vegetation management work in communities across its northeast Ohio service area as part of its ongoing efforts to help enhance electric service reliability. This year's $15.5 million tree-trimming program will help keep power flowing to customers around the clock by preventing tree-related outages, such as those that can occur during the spring and summer storm season.

The Illuminating Company Invests $15.5 Million in Tree Trimming Efforts to Reinforce Electric System During Severe Weather

TOLEDO, Ohio, April 7, 2021 /PRNewswire/ -- Toledo Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is conducting tree trimming and other vegetation management work in communities across its northwest Ohio service area to help enhance service reliability for customers. This year's $7.7 million tree-trimming program will help keep power flowing to customers around the clock by preventing tree-related outages, such as those that can occur during the spring and summer storm season.

News for FirstEnergy Stock (FE)