See more : Advantex Marketing International Inc. (ADX.CN) Income Statement Analysis – Financial Results
Complete financial analysis of FirstEnergy Corp. (FE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of FirstEnergy Corp., a leading company in the Regulated Electric industry within the Utilities sector.
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FirstEnergy Corp. (FE)
About FirstEnergy Corp.
FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities. It operates 24,074 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 273,295 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves approximately 6 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.87B | 12.46B | 11.13B | 10.79B | 11.04B | 11.26B | 14.02B | 14.56B | 15.03B | 15.05B | 14.92B | 15.30B | 16.26B | 13.34B | 12.97B | 13.63B | 12.80B | 11.50B | 11.99B | 12.45B | 12.31B | 12.15B | 8.00B | 7.03B | 6.32B | 5.86B | 2.82B |
| Cost of Revenue | 4.65B | 4.59B | 3.45B | 3.07B | 3.42B | 3.65B | 4.58B | 5.48B | 6.17B | 7.00B | 6.46B | 6.71B | 7.30B | 6.06B | 5.88B | 5.63B | 5.01B | 4.25B | 4.01B | 4.47B | 5.16B | 4.27B | 2.24B | 801.29M | 877.00M | 983.70M | 486.30M |
| Gross Profit | 8.22B | 7.87B | 7.69B | 7.72B | 7.61B | 7.61B | 9.44B | 9.08B | 8.85B | 8.05B | 8.46B | 8.60B | 8.96B | 7.28B | 7.08B | 8.00B | 7.79B | 7.25B | 7.98B | 7.98B | 7.15B | 7.89B | 5.76B | 6.23B | 5.44B | 4.88B | 2.34B |
| Gross Profit Ratio | 63.90% | 63.14% | 69.05% | 71.55% | 68.97% | 67.61% | 67.35% | 62.37% | 58.92% | 53.51% | 56.70% | 56.17% | 55.08% | 54.60% | 54.63% | 58.68% | 60.83% | 63.02% | 66.54% | 64.11% | 58.11% | 64.90% | 71.98% | 88.60% | 86.12% | 83.22% | 82.76% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 78.00M | -72.00M | -382.00M | 477.00M | 674.00M | 144.00M | 141.00M | 147.00M | 242.00M | 835.00M | -256.00M | 609.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 78.00M | -72.00M | -382.00M | 477.00M | 674.00M | 144.00M | 141.00M | 147.00M | 242.00M | 835.00M | -256.00M | 609.00M | 3.91B | 2.85B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 5.88B | 5.96B | 5.84B | 5.56B | 5.10B | 205.00M | 6.72B | 6.53B | 6.28B | 6.16B | 6.31B | 6.19B | 2.43B | 2.24B | 5.21B | 5.55B | 5.50B | 5.14B | 5.91B | 5.77B | 5.51B | 5.70B | 4.07B | 4.72B | 3.91B | 3.51B | 1.60B |
| Operating Expenses | 5.96B | 5.88B | 5.46B | 6.04B | 5.78B | 5.26B | 6.86B | 6.68B | 6.52B | 6.99B | 6.06B | 6.79B | 6.34B | 5.09B | 5.34B | 5.55B | 5.50B | 5.14B | 5.91B | 5.77B | 5.51B | 5.70B | 4.07B | 4.72B | 3.91B | 3.51B | 1.60B |
| Cost & Expenses | 10.60B | 10.48B | 8.90B | 9.11B | 9.20B | 8.90B | 11.44B | 12.16B | 12.69B | 13.99B | 12.52B | 13.50B | 13.64B | 11.15B | 11.22B | 11.18B | 10.51B | 9.40B | 9.92B | 10.24B | 10.67B | 9.97B | 6.31B | 5.52B | 4.78B | 4.50B | 2.08B |
| Interest Income | 0.00 | 1.01B | 1.11B | 1.04B | 1.01B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 70.00M | 165.00M | 130.00M | 52.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.03B | 955.00M | 1.07B | 988.00M | 962.00M | 1.05B | 1.10B | 1.05B | 1.02B | 955.00M | 941.00M | 929.00M | 1.01B | 845.00M | 978.00M | 754.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.20B | 1.01B | 1.57B | 1.23B | 1.15B | 994.00M | 1.34B | 1.71B | 1.84B | 1.50B | 209.00M | 1.33B | 1.12B | 746.00M | 1.76B | 1.73B | 1.76B | 1.55B | 1.96B | 1.83B | 1.33B | 1.17B | 975.80M | 1.04B | 1.02B | 814.70M | 477.50M |
| EBITDA | 3.73B | 3.45B | 4.24B | 3.39B | 3.27B | 3.61B | 3.72B | -6.44B | 4.17B | 2.56B | 2.61B | 3.14B | 3.62B | 2.78B | 2.78B | 3.48B | 3.41B | 3.00B | 3.62B | 4.04B | 2.97B | 3.35B | 2.66B | 2.54B | 2.55B | 2.18B | 1.36B |
| EBITDA Ratio | 28.97% | 31.62% | 39.05% | 30.73% | 29.87% | 35.05% | 18.39% | 30.22% | 27.75% | 17.02% | 17.50% | 20.49% | 23.43% | 23.24% | 29.03% | 27.89% | 26.60% | 26.12% | 31.76% | 32.47% | 24.13% | 27.58% | 33.26% | 35.76% | 40.42% | 37.17% | 43.14% |
| Operating Income | 2.27B | 2.62B | 2.75B | 2.16B | 2.51B | 2.50B | 172.00M | -8.26B | 2.29B | 1.06B | 1.61B | 2.18B | 1.70B | 1.81B | 1.88B | 2.45B | 2.29B | 2.11B | 2.07B | 2.21B | 1.64B | 2.18B | 1.69B | 1.50B | 1.54B | 1.36B | 739.70M |
| Operating Income Ratio | 17.61% | 21.05% | 24.67% | 20.04% | 22.75% | 22.22% | 1.23% | -56.74% | 15.25% | 7.06% | 10.77% | 14.22% | 10.44% | 13.53% | 14.49% | 17.95% | 17.90% | 18.31% | 17.23% | 17.75% | 13.32% | 17.96% | 21.07% | 21.41% | 24.30% | 23.27% | 26.22% |
| Total Other Income/Expenses | -802.00M | -471.00M | -167.00M | -1.03B | -1.39B | -990.00M | -1.00B | -11.29B | -1.40B | -891.00M | -1.01B | -810.00M | -255.00M | -625.00M | -514.00M | -643.00M | -99.00M | -53.00M | -34.00M | -205.00M | -809.00M | -958.00M | -555.72M | -529.14M | -572.25M | -601.00M | -225.40M |
| Income Before Tax | 1.46B | 1.44B | 1.56B | 1.13B | 1.12B | 1.51B | -829.00M | -9.23B | 893.00M | 171.00M | 570.00M | 1.32B | 1.44B | 1.24B | 1.24B | 2.12B | 2.19B | 2.05B | 1.63B | 1.55B | 828.00M | 1.24B | 1.13B | 975.77M | 963.10M | 763.10M | 489.60M |
| Income Before Tax Ratio | 11.38% | 11.55% | 14.00% | 10.46% | 10.12% | 13.43% | -5.91% | -63.40% | 5.94% | 1.14% | 3.82% | 8.65% | 8.88% | 9.31% | 9.52% | 15.55% | 17.12% | 17.85% | 13.57% | 12.41% | 6.73% | 10.17% | 14.12% | 13.88% | 15.24% | 13.02% | 17.35% |
| Income Tax Expense | 267.00M | 1.00B | 320.00M | 126.00M | 213.00M | 490.00M | 895.00M | -3.06B | 315.00M | -42.00M | 195.00M | 553.00M | 574.00M | 482.00M | 245.00M | 777.00M | 883.00M | 795.00M | 754.00M | 671.00M | 406.00M | 549.48M | 474.46M | 376.80M | 394.80M | 321.70M | 183.80M |
| Net Income | 1.10B | 406.00M | 1.28B | 1.08B | 912.00M | 1.35B | -1.72B | -6.18B | 578.00M | 299.00M | 392.00M | 770.00M | 885.00M | 784.00M | 1.01B | 1.34B | 1.31B | 1.25B | 861.00M | 878.00M | 423.00M | 629.28M | 646.45M | 598.97M | 568.30M | 410.90M | 305.80M |
| Net Income Ratio | 8.56% | 3.26% | 11.53% | 10.00% | 8.26% | 11.97% | -12.30% | -42.42% | 3.85% | 1.99% | 2.63% | 5.03% | 5.44% | 5.88% | 7.76% | 9.85% | 10.22% | 10.90% | 7.18% | 7.05% | 3.44% | 5.18% | 8.08% | 8.52% | 8.99% | 7.01% | 10.84% |
| EPS | 1.92 | 0.71 | 2.27 | 1.85 | 1.59 | 2.74 | -3.88 | -14.50 | 1.37 | 0.71 | 0.94 | 1.85 | 2.22 | 2.44 | 3.31 | 4.41 | 4.27 | 3.84 | 2.62 | 2.68 | 1.39 | 1.89 | 2.82 | 2.69 | 2.50 | 1.82 | 1.94 |
| EPS Diluted | 1.92 | 0.71 | 2.26 | 1.85 | 1.57 | 2.73 | -3.88 | -14.50 | 1.37 | 0.71 | 0.94 | 1.84 | 2.21 | 2.42 | 3.29 | 4.38 | 4.22 | 3.81 | 2.61 | 2.67 | 1.39 | 1.88 | 2.81 | 2.69 | 2.50 | 1.82 | 1.94 |
| Weighted Avg Shares Out | 573.00M | 571.00M | 545.00M | 542.00M | 535.00M | 492.00M | 444.00M | 426.00M | 422.00M | 420.00M | 418.00M | 418.00M | 399.00M | 304.00M | 304.00M | 304.00M | 306.00M | 324.00M | 328.00M | 327.24M | 304.00M | 293.00M | 230.00M | 222.44M | 227.23M | 226.37M | 156.90M |
| Weighted Avg Shares Out (Dil) | 574.00M | 572.00M | 546.00M | 543.00M | 542.00M | 494.00M | 444.00M | 426.00M | 424.00M | 421.00M | 419.00M | 419.00M | 401.00M | 305.00M | 306.00M | 307.00M | 310.00M | 327.00M | 330.00M | 328.46M | 305.00M | 294.00M | 230.00M | 222.73M | 227.36M | 226.37M | 156.90M |
Reasons to Add FirstEnergy (FE) to Your Portfolio Right Now
FirstEnergy (FE) makes a strong case for investment, given its earnings growth prospects, strategic investments, and strong ROE.
JCP&L Upgrading Morristown Substation to Reduce Power Outages
$78 million flood mitigation project will enhance service reliability for 23,000 customers MORRISTOWN, N.J. , July 2, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power & Light (JCP&L) is upgrading a transmission substation in Morristown to help...
Penelec Storm Drill Focuses on Efficient Power Restoration to Customers Following Severe Weather
Exercise familiarizes FirstEnergy employees with storm roles and processes ERIE, Pa. , July 2, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business in northern and central Pennsylvania as Penelec, recently...
FirstEnergy to Webcast Second Quarter Earnings Teleconference
AKRON, Ohio, July 1, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the second quarter and first half of 2024 after markets close on Tuesday, July 30. These results will be discussed by FirstEnergy management during...
US Fears Above-Average Hurricane Season: Are Utilities Prepared?
Utilities like Dominion (D), NextEra Energy (NEE) and FirstEnergy (FE) have taken steps to provide high-quality service during storms and restore outages as quickly as possible.
Mon Power and Potomac Edison Complete Inspections and Maintenance to Help Reduce Outages for West Virginia Customers This Summer
Companies offer tips for customers to manage rising temperatures and energy costs FAIRMONT, W.Va. , June 26, 2024 /PRNewswire/ -- In anticipation of increased electric use along with the potential for seasonal storms, FirstEnergy Corp. (NYSE: FE) subsidiaries Mon Power and Potomac...
Potomac Edison Completes Inspections and Maintenance to Help Reduce Outages for Maryland Customers This Summer
Company offers tips for customers to manage rising temperatures and energy costs WILLIAMSPORT, Md. , June 26, 2024 /PRNewswire/ -- In anticipation of increased electric use along with the potential for seasonal storms, FirstEnergy Corp. (NYSE: FE) subsidiary Potomac Edison...
Newsweek Names FirstEnergy as One of America's Greatest Workplaces in 2024
FirstEnergy's efforts to promote diversity and mental wellbeing highlighted AKRON, Ohio , June 26, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has been named to three America's Greatest Workplaces lists by Newsweek and data research firm Plant-A Insights, including America's...
FirstEnergy's Ohio Electric Companies Complete Proactive Work to Help Enhance Service Reliability for Customers Through Summer Season
Company offers tips for customers to manage rising temperatures and energy costs AKRON, Ohio , June 25, 2024 /PRNewswire/ -- With the hot summer months likely to produce higher electric usage and potentially severe weather, FirstEnergy Corp.'s (NYSE: FE) Ohio...
FirstEnergy (FE) Boosts Infrastructure for Summer Heat & Storms
FirstEnergy's (FE) subsidiaries complete the inspection and maintenance of FE's high-voltage power lines to ensure reliable power for customers during summers, storms and hurricanes.
Source: https://incomestatements.info
Category: Stock Reports