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FE Firstenergy

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
IRS number
341843785

FE stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

22 Jul 21
30 Jul 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Firstenergy earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.31B 1.31B 1.31B 1.31B 1.31B 1.31B
Cash burn (monthly) 4.67M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 4.81M n/a n/a n/a n/a n/a
Cash remaining 1.31B n/a n/a n/a n/a n/a
Runway (months of cash) 280.1 n/a 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
1 Jul 21 Anderson Michael J Phantom Stock Units Common Stock Grant Aquire A No No 37.48 1,000 37.48K 66,923.299
1 Jul 21 Demetriou Steven J. Phantom Stock Units Common Stock Grant Aquire A No No 37.48 1,000 37.48K 14,865.525
1 Jul 21 Julia L Johnson Common Stock Grant Aquire A No No 37.48 1,000 37.48K 15,501.411
1 Jul 21 LYNN Jesse Common Stock Grant Aquire A No No 37.48 1,000 37.48K 1,269
1 Jul 21 Misheff Donald T Phantom Stock Units Common Stock Grant Aquire A No No 37.48 1,000 37.48K 43,774.998

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 17, "Segment Information," of the Notes to Consolidated Financial Statements.
  • Regulated Distribution's net income decreased $117 million in 2020, as compared to 2019, primarily resulting from the charge associated with the impairment of an Ohio regulatory asset in 2020, as further discussed below, higher pension and OPEB mark-to-market adjustments, lower weather-related customer usage, the absence of the DMR revenues that ended in July 2019, and higher operating and maintenance expenses including the impact of non-deferred COVID-19 costs, partially offset by lower pension and OPEB non-service costs, higher revenues from incremental riders in Ohio and Pennsylvania and increased weather-adjusted residential sales due to the impact of COVID-19.
  • (1) Includes $43 million and $181 million of ARP revenues for the years ended December 31, 2020 and 2019, respectively.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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