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
Website
CEO
Charles Jones
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
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
News
Wells Fargo Maintains Equal-Weight on FirstEnergy, Lowers Price Target to $44
28 Jul 22
FirstEnergy's Return On Invested Capital Overview
27 Jul 22
FirstEnergy Q2 EPS $0.53, Inline, Sales $2.80B Beat $2.72B Estimate
26 Jul 22
Earnings Scheduled For July 26, 2022
26 Jul 22
A Preview Of FirstEnergy's Earnings
25 Jul 22
Press releases
FirstEnergy Foundation Completes Final Round of "Investing with Purpose" Grants to Community Organizations
18 Aug 22
FirstEnergy Ohio Utilities' Competitive Bidding Process Auction: Information Session for Prospective Bidders on Wednesday, August 17, 2022
16 Aug 22
FirstEnergy Completes Closure of West Virginia Ash Landfill Following Successful Beneficial Reuse Initiative
16 Aug 22
FirstEnergy Completes Closure of West Virginia Ash Landfill Following Successful Beneficial Reuse Initiative
15 Aug 22
Toledo Edison Completing Three-Year Grid Modernization Project in Lucas County to Strengthen Local Power System
15 Aug 22
Analyst ratings and price targets
Current price
Average target
$43.50
Low target
$40.00
High target
$49.00
Wells Fargo
Maintains
$44.00
Morgan Stanley
Maintains
$49.00
Barclays
Maintains
$41.00
Mizuho
Maintains
$40.00
Investment data
Securities sold
Number of investors
Calendar
26 Jul 22
20 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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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 |
Recent insider trades
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
?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
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
adjacent, Appalachian, auto, banc, comment, curtail, dividing, domestic, EDC, EDCP, en, Enterprise, expended, FELHC, forfeited, halt, Interior, intervention, Keystone, NCI, noncontrolling, notch, oil, permissible, pilot, predominantly, preliminarily, prevailing, reactive, recoupment, redeemed, shifting, strict, successful, surrender, Topic, underground, Uniform, unintended, validity, viability, warranted, weaker, worldwide
Current reports
8-K
FirstEnergy Announces Second Quarter 2022 Financial Results
26 Jul 22
8-K
Other Events
17 Jun 22
8-K
FirstEnergy Amends Price and Timing of Cash Tender Offer and Announces Satisfaction of Financing Condition
9 Jun 22
8-K
FirstEnergy Completes Minority Interest Sale in Transmission Business
31 May 22
8-K
FirstEnergy Commences Cash Tender Offer for up to $800 Million Aggregate Purchase Price of Certain of Its Outstanding Notes
25 May 22
8-K
Amendments to Articles of Incorporation or Bylaws
23 May 22
8-K
FirstEnergy Holds Annual Meeting, Announces New Board Leadership
17 May 22
8-K
Regulation FD Disclosure
16 May 22
8-K
FirstEnergy Announces First Quarter 2022 Financial Results
21 Apr 22
8-K
FirstEnergy Announces Fourth Quarter and Full Year
10 Feb 22
Registration and prospectus
S-8
Registration of securities for employees
12 Aug 22
S-3ASR
Automatic shelf registration
13 Dec 21
S-3ASR
Automatic shelf registration
9 Dec 21
S-3ASR
Automatic shelf registration
9 Dec 21
POS AM
Prospectus update (post-effective amendment)
22 Feb 21
424B2
Prospectus for primary offering
4 Jun 20
FWP
Free writing prospectus
3 Jun 20
424B5
Prospectus supplement for primary offering
3 Jun 20
S-8
Registration of securities for employees
20 May 20
424B2
Prospectus for primary offering
19 Feb 20
Proxies
DEFA14A
Additional proxy soliciting materials
9 May 22
DEFA14A
Additional proxy soliciting materials
28 Apr 22
DEFA14A
Additional proxy soliciting materials
23 Mar 22
DEFA14A
Additional proxy soliciting materials
10 May 21
DEFA14A
Additional proxy soliciting materials
7 May 21
DEFA14A
Additional proxy soliciting materials
29 Apr 21
DEF 14A
Definitive proxy
28 Mar 21
DEFA14A
Additional proxy soliciting materials
28 Mar 21
DEFA14A
Additional proxy soliciting materials
6 May 20
Other
UPLOAD
Letter from SEC
27 Apr 21
CORRESP
Correspondence with SEC
12 Apr 21
UPLOAD
Letter from SEC
4 Apr 21
CORRESP
Correspondence with SEC
25 Mar 21
UPLOAD
Letter from SEC
17 Mar 21
EFFECT
Notice of effectiveness
2 Mar 21
UPLOAD
Letter from SEC
27 Jun 17
CORRESP
Correspondence with SEC
18 Jun 17
UPLOAD
Letter from SEC
13 Jun 17
NO ACT
No action letter
9 Mar 15
Ownership
4
FIRSTENERGY / JOHN W SOMERHALDER II ownership change
21 Jul 22
4
FIRSTENERGY / Andrew Teno ownership change
6 Jul 22
4
FIRSTENERGY / Melvin D. Williams ownership change
5 Jul 22
4
FIRSTENERGY / Leslie M Turner ownership change
5 Jul 22
4
FIRSTENERGY / JAMES F ONEIL ownership change
5 Jul 22
4
FIRSTENERGY / JESSE LYNN ownership change
5 Jul 22
4
FIRSTENERGY / PAUL J KALETA ownership change
5 Jul 22
4
FIRSTENERGY / Lisa Winston Hicks ownership change
5 Jul 22
4
FIRSTENERGY / STEVEN J. DEMETRIOU ownership change
5 Jul 22
4
FIRSTENERGY / Jana T Croom ownership change
5 Jul 22
Patents
Utility
Material dispenser and notification system
8 Jun 21
A system for medicine dosage compliance may comprise a dispensing component that provides for medicine to be dispensed based at least upon authorized identification of a user and a secondary authorizer.
Utility
Vehicle speed control system
25 May 20
One or more techniques and/or systems are disclosed for limiting a speed of a vehicle.
Transcripts
2022 Q2
Earnings call transcript
27 Jul 22
2022 Q1
Earnings call transcript
22 Apr 22
2021 Q4
Earnings call transcript
11 Feb 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
23 Jul 21
2021 Q1
Earnings call transcript
23 Apr 21
2020 Q4
Earnings call transcript
18 Feb 21
2020 Q3
Earnings call transcript
2 Nov 20
2020 Q3
Earnings call transcript
2 Nov 20
2020 Q3
Earnings call transcript
2 Nov 20
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