FE FirstEnergy Corp.

FirstEnergy Corp. engages in the generation, transmission and distribution of electricity as well as energy management and other energy-related services through its subsidiaries. It operates through the following business segments: Regulated Distribution, Regulated Transmission and Corporate. The Regulated Distribution segment distributes electricity through FirstEnergy's utility operating companies, serving various customers. The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by FirstEnergy's utilities and the regulatory assets. The Corporate segment reflects corporate support not charged to FE's subsidiaries, interest expense on FE's holding company debt and other businesses that do not constitute an operating segment. FirstEnergy was founded in 1996 and is headquartered in Akron, OH.

Company profile

Ticker

Exchange

NYSE

Website

www.firstenergycorp.com

CEO

Charles E. Jones

Incorporated in

Ohio

Location

Ohio

Fiscal year end

Dec 31

Sector

Utilities > Electric Utilities

Industry (SEC)

Electric Services

Alabama Power • Southern California Edison • Tennessee Valley Authority • Edison International • Entergy Texas • PPL Electric Utilities • NRG Energy • Avangrid • CenterPoint Energy • DTE Energy ...

SEC CIK

0001031296

Corporate docs

Articles of Incorporation & Bylaws

IRS number

341843785

FE stock data

S&P 500

1M 1Y 2Y 5Y

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

23 Apr 20

4 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart FE financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	2.71B	2.67B	2.96B	2.52B
Net income	74M	-111M	391M	312M
Diluted EPS	0.14	-0.2	0.72	0.58
Net profit margin	2.73%	-4.15%	13.20%	12.40%
Operating income	532M	615M	681M	585M
Net change in cash	-475M	-89M	294M	248M
Cash on hand	152M	627M	716M	422M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	11.04B	11.26B	10.93B	10.7B
Net income	912M	1.35B	-1.72B	-6.18B
Diluted EPS	1.68	1.99	-3.88	-14.49
Net profit margin	8.26%	11.97%	-15.78%	-57.73%
Operating income	2.51B	2.5B	2.43B	2.05B
Net change in cash	260M	-221M	389M	68M
Cash on hand	627M	367M	588M	199M

Financial data from FirstEnergy earnings reports

Recent insider trades

FE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
1 Apr 20	Anderson Michael J	Phantom Stock Units Common Stock	Grant	Aquire A	No	38.73	968	37.49K	57,702.617
1 Apr 20	Demetriou Steven J.	Phantom Stock Units Common Stock	Grant	Aquire A	No	38.73	968	37.49K	8,619.967
1 Apr 20	Julia L Johnson	Common Stock	Grant	Aquire A	No	38.73	968	37.49K	9,756.079

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Financial report summary

Management Discussion

Cash flows from operations increased $1,057 million in 2019 as compared with 2018. The year-over-year change in cash from operations increased due to the following:
On January 10, 2019, ME issued $500 million of 4.30% senior notes due 2029. Proceeds from the issuance of senior notes were primarily used to refinance existing indebtedness, including ME’s $300 million of 7.70% senior notes due 2019, and borrowings outstanding under the FE regulated utility money pool and the FE Facility, to fund capital expenditures, and for other general corporate purposes.
On February 8, 2019, JCP&L issued $400 million of 4.30% senior notes due 2026. Proceeds from the issuance of the senior notes were primarily used to refinance existing indebtedness, including amounts outstanding under the FE regulated utility money pool incurred in connection with the repayment at maturity of JCP&L’s $300 million of 7.35% senior notes due 2019 and the funding of storm recovery and restoration costs and expenses, to fund capital expenditures and working capital requirements and for other general corporate purposes.

Content analysis ?

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

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From filing 10-Q 2020 Q1