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

Charles Jones
Fiscal year end
Industry (SIC)
IRS number

FE stock data


Investment data

Data from SEC filings
Securities sold
Number of investors


22 Apr 21
18 May 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
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
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) 1.33B 1.33B 1.33B 1.33B 1.33B 1.33B
Cash burn (monthly) 158.33M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 251.24M n/a n/a n/a n/a n/a
Cash remaining 1.07B n/a n/a n/a n/a n/a
Runway (months of cash) 6.8 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 Apr 21 Anderson Michael J Phantom Stock Units Common Stock Grant Aquire A No No 34.35 1,091 37.48K 64,513.597
1 Apr 21 Demetriou Steven J. Phantom Stock Units Common Stock Grant Aquire A No No 34.35 1,091 37.48K 13,578.967
1 Apr 21 Julia L Johnson Common Stock Grant Aquire A No No 34.35 1,091 37.48K 14,433.465
1 Apr 21 LYNN Jesse Common Stock Grant Aquire A No No 34.35 169 5.81K 269
1 Apr 21 Misheff Donald T Phantom Stock Units Common Stock Grant Aquire A No No 34.35 1,091 37.48K 41,864.721

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 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.
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