See more : C.Uyemura & Co.,Ltd. (4966.T) 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 |
Deck the Halls Safely this Holiday Season
FirstEnergy offers tips to help keep people of all ages safe from electrical hazards AKRON, Ohio , Nov. 18, 2024 /PRNewswire/ -- With the holiday season fast approaching, FirstEnergy Corp. (NYSE: FE) is reminding customers to reduce electrical hazards and...
FirstEnergy Awarded $50 Million Smart Grid Grant by U.S. Department of Energy
Projects to enhance reliability for more than 53,000 customers in West Virginia and Maryland FAIRMONT, W.Va. , Nov. 14, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has been awarded $50 million in federal funding by the U.S. Department of Energy's...
JCP&L Moving Power Lines Underground in Portions of Somerset County
Grid upgrades will also relocate lines away from hard-to-access railroad tracks HOLMDEL, N.J. , Nov. 13, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is relocating and upgrading power lines in portions...
FirstEnergy Earns Multiple Military Friendly® Company Awards
Honor from national military support organization recognizes workplace and supplier diversity opportunities for veterans and their families AKRON, Ohio , Nov. 12, 2024 /PRNewswire/ -- For the ninth time in the past 10 years, FirstEnergy Corp. (NYSE: FE) has been...
FirstEnergy Names Karen Sagot Vice President, Investor Relations, and Sean Davies Vice President, Continuous Improvement
Sagot brings two decades of finance and utility experience; Davies brings three decades of experience driving operational excellence and enterprise transformation AKRON, Ohio , Nov. 8, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that Karen Sagot has been...
JCP&L Expanding Energy Efficiency Offerings
New and expanded programs designed to meet increased energy savings targets HOLMDEL, N.J. , Oct. 31, 2024 /PRNewswire/ -- Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has obtained approval from the New Jersey Board...
FirstEnergy Corp. (FE) Q3 2024 Earnings Call Transcript
FirstEnergy Corp. (NYSE:FE ) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Gina Caskey - Director, Investor Relations & Corporate Responsibility Brian Tierney - President and Chief Executive Officer Jon Taylor - Senior Vice President,...
FirstEnergy Misses on Q3 Earnings and Sales, Lowers '24 EPS View
FE third-quarter earnings and revenues lag estimates due to higher storm restoration costs. The company will maintain its five-year capital expenditure plan.
FirstEnergy (FE) Lags Q3 Earnings and Revenue Estimates
FirstEnergy (FE) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.88 per share a year ago.
FirstEnergy misses quarterly profit estimates, narrows forecast
Utility firm FirstEnergy missed third-quarter profit estimates on Tuesday, hurt by higher storm restoration expenses and lower tax benefits.
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