FirstEnergy Past Earnings Performance

Past criteria checks 4/6

FirstEnergy's earnings have been declining at an average annual rate of -3.2%, while the Electric Utilities industry saw earnings growing at 5.7% annually. Revenues have been growing at an average rate of 3.9% per year. FirstEnergy's return on equity is 8.5%, and it has net margins of 8.5%.

Key information

-3.2%

Earnings growth rate

-5.4%

EPS growth rate

Electric Utilities Industry Growth	6.3%
Revenue growth rate	3.9%
Return on equity	8.5%
Net Margin	8.5%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

FirstEnergy: Attractive Valuation Overshadowed By Static Dividend And Legal Issues

Dec 26

Here's Why FirstEnergy (NYSE:FE) Is Weighed Down By Its Debt Load

Dec 24

Calculating The Intrinsic Value Of FirstEnergy Corp. (NYSE:FE)

Dec 06

FirstEnergy: Continuing To Deliver On The Thesis

Nov 07

FirstEnergy (NYSE:FE) Is Paying Out A Larger Dividend Than Last Year

Oct 31

FirstEnergy's (NYSE:FE) Shareholders Will Receive A Bigger Dividend Than Last Year

Oct 05

FirstEnergy (NYSE:FE) Seems To Be Using A Lot Of Debt

Sep 08

FirstEnergy Continues To Boast Stability In An Uncertain Environment, Despite Q2 Weakness

Aug 28

A Look At The Intrinsic Value Of FirstEnergy Corp. (NYSE:FE)

Aug 18

FirstEnergy (NYSE:FE) Is Paying Out A Dividend Of $0.39

Jul 30

FirstEnergy: Attractive Valuation, But Higher Risks Than Peers

Jun 16

Calculating The Intrinsic Value Of FirstEnergy Corp. (NYSE:FE)

May 17

FirstEnergy (NYSE:FE) Is Due To Pay A Dividend Of $0.39

Apr 05

Is FirstEnergy (NYSE:FE) Using Too Much Debt?

Mar 13

FirstEnergy Non-GAAP EPS of $0.50 misses by $0.03, revenue of $12.5B

Feb 13

FirstEnergy (NYSE:FE) Has Affirmed Its Dividend Of $0.39

Feb 03

A Look At The Intrinsic Value Of FirstEnergy Corp. (NYSE:FE)

Jan 30

FirstEnergy: A Few Positives But Some Concerns

Jan 18

FirstEnergy's (NYSE:FE) Dividend Will Be $0.39

Jan 12

Revenue & Expenses Breakdown
Beta

How FirstEnergy makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:FE Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	12,741	1,084	234
31 Dec 23	12,685	1,123	247
30 Sep 23	12,710	545	147
30 Jun 23	12,698	458	91
31 Mar 23	12,510	410	-224
31 Dec 22	12,268	406	-305
30 Sep 22	11,753	1,239	-279
30 Jun 22	11,402	1,321	-290
31 Mar 22	11,206	1,192	-299
31 Dec 21	10,943	1,239	-959
30 Sep 21	10,826	1,021	-200
30 Jun 21	10,724	1,065	-84
31 Mar 21	10,624	1,314	128
31 Dec 20	10,607	1,003	537
30 Sep 20	10,735	613	1,146
30 Jun 20	10,676	542	1,146
31 Mar 20	10,670	574	1,049
31 Dec 19	10,844	900	723
30 Sep 19	10,874	1,202	403
30 Jun 19	10,975	1,159	333
31 Mar 19	11,084	963	263
31 Dec 18	11,063	655	144
30 Sep 18	11,337	-530	-105
30 Jun 18	11,081	-575	-28
31 Mar 18	10,847	-504	92
31 Dec 17	10,740	-289	155
30 Sep 17	11,233	-5,024	170
30 Jun 17	12,231	-4,945	163
31 Mar 17	13,149	-6,248	113
31 Dec 16	10,504	551	108
30 Sep 16	14,322	-607	242
30 Jun 16	14,530	-592	242
31 Mar 16	14,590	684	242
31 Dec 15	14,610	578	242
30 Sep 15	14,549	498	835
30 Jun 15	14,318	436	835
31 Mar 15	14,346	313	835
31 Dec 14	14,629	213	835
30 Sep 14	14,766	661	-256
30 Jun 14	14,898	537	-256
31 Mar 14	14,901	305	-256
31 Dec 13	14,434	375	-256
30 Sep 13	14,273	80	609
30 Jun 13	14,287	293	609

Quality Earnings: FE has high quality earnings.

Growing Profit Margin: FE's current net profit margins (8.5%) are higher than last year (3.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FE's earnings have declined by 3.2% per year over the past 5 years.

Accelerating Growth: FE's earnings growth over the past year (164.4%) exceeds its 5-year average (-3.2% per year).

Earnings vs Industry: FE earnings growth over the past year (164.4%) exceeded the Electric Utilities industry 3.8%.

FirstEnergy Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

First quarter 2024 earnings: EPS misses analyst expectations

FirstEnergy Corp. to Report Q1, 2024 Results on Apr 25, 2024

FirstEnergy Corp. to Report Q4, 2023 Results on Feb 08, 2024

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

FirstEnergy Corp. to Report Q3, 2023 Results on Oct 26, 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Recent updates

First quarter 2024 earnings: EPS misses analyst expectations

FirstEnergy Corp. Names John Combs Senior Vice President, Shared Services, Effective April 22, 2024

FirstEnergy's (NYSE:FE) Dividend Will Be Increased To $0.425

High number of new directors

FirstEnergy Corp. to Report Q1, 2024 Results on Apr 25, 2024

FirstEnergy: Dividend Distribution Potential, And Cheap Valuation

FirstEnergy Corp., Annual General Meeting, May 22, 2024

Brookfield Super-Core Infrastructure Partners L.P., managed by Brookfield Corporation (TSX:BN), completed the acquisition of an additional 30% stake in FirstEnergy Transmission, LLC from FirstEnergy Corp. (NYSE:FE).

Firstenergy Corp. Declares Quarterly Dividend, Payable on June 1, 2024

Firstenergy Corp. Appoints Heidi Boyd to Serve as Director

FirstEnergy Corp. Provides Earnings Guidance for the First Quarter and Full Year of 2024

FirstEnergy (NYSE:FE) Is Due To Pay A Dividend Of $0.41

FirstEnergy Corp. Announces Power Restoration Efforts Progress Through Continued Winter Storm

FirstEnergy Corp. to Report Q4, 2023 Results on Feb 08, 2024

FirstEnergy: Attractive Valuation Overshadowed By Static Dividend And Legal Issues

Here's Why FirstEnergy (NYSE:FE) Is Weighed Down By Its Debt Load

FirstEnergy Corp. Announces the Resignation of Andrew Teno as Member of the Board of Directors

Calculating The Intrinsic Value Of FirstEnergy Corp. (NYSE:FE)

FirstEnergy Corp. Appoints Two Senior Executives to Accelerate Transformation into Premier Electric Utility

FirstEnergy: Continuing To Deliver On The Thesis

FirstEnergy (NYSE:FE) Is Paying Out A Larger Dividend Than Last Year

Upcoming dividend of US$0.41 per share at 4.7% yield

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

FirstEnergy's (NYSE:FE) Shareholders Will Receive A Bigger Dividend Than Last Year

FirstEnergy Corp. to Report Q3, 2023 Results on Oct 26, 2023

Now 23% undervalued after recent price drop

FirstEnergy Corp. Declares Quarterly Dividend, Payable December 1, 2023

FirstEnergy (NYSE:FE) Seems To Be Using A Lot Of Debt

FirstEnergy Continues To Boast Stability In An Uncertain Environment, Despite Q2 Weakness

A Look At The Intrinsic Value Of FirstEnergy Corp. (NYSE:FE)

FirstEnergy Corp. Provides Financial Guidance for the Full Year of 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

FirstEnergy (NYSE:FE) Is Paying Out A Dividend Of $0.39

FirstEnergy Corp. to Report Q2, 2023 Results on Aug 01, 2023

FirstEnergy: Attractive Valuation, But Higher Risks Than Peers

FirstEnergy Corp. Names Abigail Phillips as Chief Risk Officer, Effective July 10

FE Battery Metals Ltd. Initiates Biogeochemistry Survey on Trix Property Located in the Georgia Lake Area

FirstEnergy Corp. Appoints Mr. Brian X. Tierney as Director, Effective on June 1, 2023

Firstenergy Corp. Appoints Brian X. Tierney as Chief Executive Officer, Effective June 1, 2023

Calculating The Intrinsic Value Of FirstEnergy Corp. (NYSE:FE)

Majority Action Files an Exempt Solicitation and Request Vote Against for FirstEnergy Corp Board Nominees

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of US$0.39 per share at 3.8% yield

FirstEnergy (NYSE:FE) Is Due To Pay A Dividend Of $0.39

Is FirstEnergy (NYSE:FE) Using Too Much Debt?

FirstEnergy Corp. Announces New Dividend Policy

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

FirstEnergy Non-GAAP EPS of $0.50 misses by $0.03, revenue of $12.5B

Brookfield Super-Core Infrastructure Partners L.P., managed by Brookfield Corporation (TSX:BN) entered into a definitive agreement to acquire an additional 30% stake in FirstEnergy Transmission, LLC (FET) from FirstEnergy Corp. (NYSE:FE) for $3.5 billion.

Brookfield Super-Core Infrastructure Partners L.P., managed by Brookfield Corporation (TSX:BN) entered into a definitive agreement to acquire a 30% stake in FirstEnergy Transmission, LLC from FirstEnergy Corp. (NYSE:FE) for $3.5 billion.

FirstEnergy (NYSE:FE) Has Affirmed Its Dividend Of $0.39

Brookfield Super-Core Infrastructure Partners L.P., managed by Brookfield Corporation (TSX:BN) entered into a definitive agreement to acquire a 30% stake in FirstEnergy Transmission, LLC from FirstEnergy Corp. (NYSE:FE) for $3.5 billion.

A Look At The Intrinsic Value Of FirstEnergy Corp. (NYSE:FE)

Upcoming dividend of US$0.39 per share at 3.8% yield

Firstenergy Corp. Announces Retirement of Samuel L. Belcher as Senior Vice President, Effective as of May 1, 2023

FirstEnergy: A Few Positives But Some Concerns

FirstEnergy's (NYSE:FE) Dividend Will Be $0.39

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
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