|
|
Firstenergy Corp (NYSE: FE) |
|
Price: $40.4000
$-0.02 
-0.049%
|
| Day's High:
| $40.48
| Week Perf:
| 4.99 %
|
| Day's Low: |
$ 39.97 |
30 Day Perf: |
1.99 % |
| Volume (M): |
3,611 |
52 Wk High: |
$ 44.97 |
| Volume (M$): |
$ 145,897 |
52 Wk Avg: |
$40.68 |
| Open: |
$40.42 |
52 Wk Low: |
$36.81 |
|
|
| Market Capitalization (Millions $) |
23,242 |
| Shares
Outstanding (Millions) |
575 |
| Employees |
12,042 |
| Revenues (TTM) (Millions $) |
13,472 |
| Net Income (TTM) (Millions $) |
1,127 |
| Cash Flow (TTM) (Millions $) |
-25 |
| Capital Exp. (TTM) (Millions $) |
4,030 |
Firstenergy Corp
FirstEnergy Corp. is a publicly traded utility holding company based in Akron, Ohio, organized under state laws in 1996. The company primarily focuses on holding the outstanding common stock of its various electric utility operating subsidiaries. These subsidiaries include Ohio Edison Company (OE), The Cleveland Electric Illuminating Company (CEI), Pennsylvania Power Company (Penn), The Toledo Edison Company (TE), American Transmission Systems, Incorporated (ATSI), Jersey Central Power & Light Company (JCP&L), Metropolitan Edison Company (Met-Ed), and Pennsylvania Electric Company (Penelec).
As one of the largest investor-owned electric systems in the United States, FirstEnergy serves approximately4 million customers across a service area of about 36,100 square miles in Ohio, Pennsylvania, and New Jersey. The company offers a range of regulated and competitive energy services and aims to be a leading provider of retail energy and related services in the northeastern and mid-Atlantic regions.
In recent years, FirstEnergy has focused on modernizing infrastructure, improving grid reliability, and transitioning to cleaner energy resources. The company has made commitments to enhance energy efficiency and support sustainability initiatives, aligning with broader trends in the energy sector towards decarbonization and renewable energy adoption.
Company Address: 76 South Main Street Akron 44308 OH
Company Phone Number: 736-3402 Stock Exchange / Ticker: NYSE FE
|
|
|
Customers Net Income fell by |
FE's Customers Net Profit Margin fell to |
-42.71 % |
11.44 %
|
|
|
|
|
|
|
|
| Stock Performances by Major Competitors |
|
|
|
| Firstenergy Corp
FirstEnergy Corp Reports Mixed Q2 2024 Results: Revenue Increases Amid Shrinking EPS
AKRON, Ohio ? January 9, 2024 ? In its second quarter earnings report released today, FirstEnergy Corp. (NYSE: FE) showcased a complex financial landscape: a robust surge in revenue juxtaposed with a significant decline in earnings per share (EPS). For the quarter ending June 30, 2024, FirstEnergy reported revenue of $3.28 billion, reflecting a notable 9.115% increase from the $3.01 billion reported in the same quarter of the previous year. This growth outpaced the Average revenue increase of 1.99% seen across competitors in the Electric Utilities sector.
However, this positive sales trajectory came at a steep cost; net income fell dramatically by 80.49%, dragging EPS down to $0.08, a sharp decline from $0.41 in the prior year quarter. Comparatively, earnings per share decreased a staggering 81.82% from $0.44 in the preceding quarter. Net earnings registered at $98 million, down approximately 61.42% from $254 million in the same period last year.
|
| Firstenergy Corp
The stock market can be a volatile and unpredictable place, but there are always interesting trends and patterns to uncover. One company that caught the attention of investors in the most recent fiscal period is FirstEnergy Corp. Despite a revenue improvement of 1.733%, the company experienced a decline in income of -13.73%. This decline, however, was not unique to FirstEnergy Corp, as many of its peers in the Electric Utilities industry also saw a decrease in business over the same period.
What sets FirstEnergy Corp apart is its focus on improving sales, which resulted in a significant increase in EPS of 45.07% and a revenue growth of 4.482% compared to the previous financial reporting period. The company's net profits may have fallen by -13.87% in the first quarter of 2024, but its operating earnings rose by 11.07% to $612 million.
|
| Firstenergy Corp
r/>FirstEnergy Corp., a prominent electric utilities company, recently released its financial results for the financial year ending December 31, 2023. Despite a decline in revenue, the company managed to turn a profit, showcasing its ability to adapt and navigate challenging market conditions. This article will examine the implications of the financial results and speculate on how they might impact FirstEnergy Corp. in the future.
Turning into Profitability:
Notably, FirstEnergy Corp. reported a profit of $192 million in the financial year ending December 31, 2023. This marks a significant improvement from the net loss of $385 million incurred in the same period a year ago. The company's achievement of profitability, even in the face of lower sales, demonstrates effective cost control and strategic decision-making.
|
| Firstenergy Corp
Firstenergy Corp, an energy company based in the United States, recently reported its financial results for the period of July to September 30, 2023. Despite only a slight increase in revenue of 0.345% to $3.49 billion from the previous reporting period, the company managed to achieve a substantial growth in profitability, with a surge of 18.97% in income to $0.69 per share.
Comparing these figures to the same period a year ago, it is evident that Firstenergy Corp has made significant improvements. Earnings per share soared by an impressive 68.29%, while revenue improved by 16.001%. In terms of the bottom line, the company reported a net earnings increase of 22.09% to $420.000 million, compared to $344.000 million in the same period the previous year.
|
| Firstenergy Corp
Firstenergy Corp, an Electric Utilities company, defied the downward trend in the Electric Utilities sector by posting impressive financial results for the second quarter of the 2023 earnings season. With an increase in revenue and bottom-line growth, the company seems well-positioned to capitalize on its recent success. This article aims to interpret the financial results and analyze their potential impact on Firstenergy Corp's future.
1. Robust Revenue Growth:
Firstenergy Corp witnessed a significant revenue growth of 6.671% during the second quarter of the 2023 earnings season. The company generated $3.01 billion in revenue, showcasing a remarkable increase compared to the prior year's financial reporting period of $2.82 billion. The positive revenue trend is impressive, considering many of its counterparts in the Electric Utilities sector experienced business contraction.
|
| Per Share |
Current |
| Earnings (TTM) |
1.7 $ |
| Revenues (TTM) |
23.42 $
|
| Cash Flow (TTM) |
- |
| Cash |
0.19 $
|
| Book Value |
23.85 $
|
| Dividend (TTM) |
1.68 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
1.7 $
|
| Revenues (TTM) |
23.42 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.19 $
|
| Book Value |
23.85 $ |
| Dividend (TTM) |
1.68 $ |
|
|
| |
| Distribution |
|
 48.73 % |
of total Revenue |
| Distribution Wholesale |
|
0.05 % |
of total Revenue |
| Distribution Other revenue from contracts with customers |
|
0.62 % |
of total Revenue |
| Distribution Other revenue unrelated to contracts with customers |
|
0.51 % |
of total Revenue |
| Integrated |
|
38.94 % |
of total Revenue |
| Integrated Transmission |
|
2.31 % |
of total Revenue |
| Integrated Wholesale |
|
1.34 % |
of total Revenue |
| Integrated Other revenue from contracts with customers |
|
0.13 % |
of total Revenue |
| Integrated Other revenue unrelated to contracts with customers |
|
0.4 % |
of total Revenue |
| Stand-Alone Transmission |
|
12.74 % |
of total Revenue |
| Stand-Alone Transmission Other revenue unrelated to contracts with customers |
|
0.13 % |
of total Revenue |
| Residential Distribution |
|
32.77 % |
of total Revenue |
| Residential Integrated |
|
21.51 % |
of total Revenue |
| Commercial Distribution |
|
10.59 % |
of total Revenue |
| Commercial Integrated |
|
8.98 % |
of total Revenue |
| Industrial Distribution |
|
3.7 % |
of total Revenue |
| Industrial Integrated |
|
4.05 % |
of total Revenue |
| Other Distribution |
|
0.48 % |
of total Revenue |
| Other Integrated |
|
0.21 % |
of total Revenue |
| ATSI Stand-Alone Transmission |
|
7.03 % |
of total Revenue |
| TrAIL Stand-Alone Transmission |
|
1.82 % |
of total Revenue |
| MAIT Stand-Alone Transmission |
|
3.11 % |
of total Revenue |
| KATCo Stand-Alone Transmission |
|
0.64 % |
of total Revenue |
| Corporate Other and Reconciling Adjustments |
|
-0.4 % |
of total Revenue |
| Corporate Other and Reconciling Adjustments Wholesale |
|
0.05 % |
of total Revenue |
| Corporate Other and Reconciling Adjustments Eliminations and reconciling adjustments |
|
-0.46 % |
of total Revenue |
| External revenues |
|
99.95 % |
of total Revenue |
| Financial Information fe SegmentFinancialInformationAbstract |
|
100.4 % |
of total Revenue |
| External revenues Distribution |
|
48.43 % |
of total Revenue |
| External revenues Integrated |
|
38.91 % |
of total Revenue |
| External revenues Stand-Alone Transmission |
|
12.6 % |
of total Revenue |
| Internal revenues |
|
0.46 % |
of total Revenue |
| Internal revenues Distribution |
|
0.29 % |
of total Revenue |
| Internal revenues Integrated |
|
0.03 % |
of total Revenue |
| Internal revenues Stand-Alone Transmission |
|
0.13 % |
of total Revenue |
| Corporate Other |
|
0.05 % |
of total Revenue |
| Corporate Other External revenues |
|
0.05 % |
of total Revenue |
| Reconciling Adjustments |
|
-0.46 % |
of total Revenue |
| Reconciling Adjustments Internal revenues |
|
-0.46 % |
of total Revenue |
|
|
3.38%