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Firstenergy (FE)

FirstEnergy Corp. is dedicated to safety, reliability and operational excellence. Its ten electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,500 miles of transmission lines that connect the Midwest and Mid-Atlantic regions.

Company profile

Ticker
FE
Exchange
CEO
Charles Jones
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
FirstEnergy Service Company • FirstEnergy Transmission, LLC • FirstEnergy Ventures Corp. • Jersey Central Power & Light Company • Metropolitan Edison Company • Monongahela Power Company • Ohio Edison Company • Pennsylvania Electric Company • The Cleveland Electric Illuminating Company • The Potomac Edison Company ...
IRS number
341843785

FE stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

26 Jul 22
20 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 532M 532M 532M 532M 532M 532M
Cash burn (monthly) (no burn) 65M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 109.53M n/a n/a n/a n/a
Cash remaining n/a 422.47M n/a n/a n/a n/a
Runway (months of cash) n/a 6.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Jul 22 John W Somerhalder Ii Common Stock Grant Acquire A No No 37.775 745 28.14K 24,066
1 Jul 22 Jana T Croom Common Stock Grant Acquire A No No 38.9 466 18.13K 466
1 Jul 22 Demetriou Steven J. Phantom Stock Units Common Stock Grant Acquire A No No 38.9 964 37.5K 19,233.636
1 Jul 22 Lisa Winston Hicks Phantom Stock Units Common Stock Grant Acquire A No No 38.9 964 37.5K 1,784.43
1 Jul 22 Kaleta Paul J Phantom Stock Units Common Stock Grant Acquire A No No 38.9 964 37.5K 1,784.43

Financial report summary

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Management Discussion
  • The financial results discussed below include revenues and expenses from transactions among FirstEnergy’s business segments. A reconciliation of segment financial results is provided in Note 15, "Segment Information," of the Notes to Consolidated Financial Statements.
  • Regulated Distribution's net income increased $329 million in 2021, as compared to 2020, primarily resulting from the change in pension and OPEB mark-to-market adjustments, higher customer demand, earnings benefits from capital investment-related riders in Ohio and Pennsylvania and the implementation of the base distribution rate case in New Jersey, lower pension and OPEB expenses and a reduction to a reserve previously recorded in 2010, partially offset by the refund and absence of Ohio decoupling revenues, customer refunds associated with the PUCO-approved Ohio Stipulation, establishment of a regulatory liability to return certain additional Tax Act savings to Pennsylvania customers, higher interest expense, and the absence of deferred gain tax benefits recognized in 2020 that were triggered by the FES Debtors’ emergence from bankruptcy.
  • (1) Includes $(27) million and $43 million of ARP revenues for the years ended December 31, 2021 and 2020. Amounts for 2021 reflect amounts the Ohio Companies refunded to customers that was previously collected under decoupling mechanisms, with interest. See “Outlook,” below for further discussion on Ohio decoupling rates.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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