FirstEnergy Corp (N:FE)
Business Focus: Electric Utilities
| Sector: Utilities | Industry: Electric Utilities |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 76 S Main St AKRON OH 44308-1890 |
| Tel: | 1-330-3843859 |
| Website: | https://www.firstenergycorp.com |
| IR: | See website |
| Key People | ||
| Brian X. Tierney President, Chief Executive Officer, Director | Amanda Mertens Campbell Vice President, External Affairs | K. Jon Taylor Chief Financial Officer, Senior Vice President - Strategy |
| A. Wade Smith President, FirstEnergy Utilities | Toby L. Thomas Chief Operating Officer | Christine L. Walker Chief Human Resource Officer, Senior Vice President - Corporate Services |
| John Combs Senior Vice President, Shared Services | Hyun Park Senior Vice President, Chief Legal Officer | Jason J. Lisowski Chief Accounting Officer, Vice President, Controller | Abigail Phillips Chief Risk Officer, Vice President |
| Business Overview |
| FirstEnergy Corp (FirstEnergy) and its subsidiaries are principally involved in the transmission, distribution, and generation of electricity. The Company operates through two segments: Regulated Distribution and Regulated Transmission segments. The Regulated Distribution distributes electricity through FirstEnergy's utility operating companies, serving customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York, and purchases power for its POLR, SOS, SSO and default service requirements in Ohio, Pennsylvania, New Jersey, and Maryland. This segment also controls approximately 3,580 megawatts (MWs) of regulated electric generation capacity located primarily in West Virginia and Virginia. The Regulated Transmission provides transmission infrastructure owned and operated by the Transmission Companies and certain of FirstEnergy's utilities (JCP&L, MP, PE and WP) to transmit electricity from generation sources to distribution facilities. |
| Financial Overview |
| For the three months ended 31 March 2024, FirstEnergy Corp revenues increased 2% to $3.29B. Net income decreased 13% to $253M. Revenues reflect Integrated segment increase of 7% to $1.09B, Standalone Transmission segment increase of 10% to $434M. Net income was offset by Other operating expenses increase of 19% to $1.01B (expense), Interest expense increase of 16% to $305M (expense). |
| Employees: | 12,042 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $46,210M as of Mar 31, 2024 |
| Annual revenue (TTM): | $12,926M as of Mar 31, 2024 |
| EBITDA (TTM): | $3,822M as of Mar 31, 2024 |
| Net annual income (TTM): | $1,084M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$2,956M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $23,627M as of Mar 31, 2024 |
| Shares outstanding: | 575,516,472 as of Mar 31, 2024 |
| Index Membership: | S&P 500, Dow Utility |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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