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FirstEnergy(FE) - 2024 Q1 - Quarterly Results
2024-04-25 20:39
ocused on Our Future 1Q 2024 Strategic & Financial Highlights Published April 25, 2024 Forward-Looking Statements This presentation includes forward-looking statements within the measing of the Private Securities Lincation Reform Act of 1995 based on information currently available to readers are cautioned not to place undue reliance on these forward-icoking statements. These statements include dectarations regarding management's intents, beliefs and cur temps "antiginate" "potential" "potential" "hangel" " ...
FirstEnergy Announces First Quarter 2024 Financial Results
Prnewswire· 2024-04-25 20:20
Reports first quarter 2024 GAAP earnings of $0.44 per share and operating (non-GAAP) earnings of $0.55 per share, above the midpoint of guidance Affirms targeted 6-8% long-term annual operating earnings per share growth Increased total equity on balance sheet by 25% with closing on $3.5 billion FET LLC transaction; deployed $2.3 billion of proceeds; expects to receive remaining $1.2 billion later this year AKRON, Ohio, April 25, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported first quarter ...
FirstEnergy Set to Plant More Than 25,000 Trees in 2024
Prnewswire· 2024-04-23 17:11
Nearly 17,000 trees expected to be planted in the month of April for Earth & Arbor Days AKRON, Ohio, April 23, 2024 /PRNewswire/ -- In support of its continued commitment to the environment and the communities it serves, FirstEnergy Corp. (NYSE: FE) has set a goal to plant more than 25,000 trees throughout its service territory in 2024. Nearly 17,000 trees are expected to be planted in the month of April around Earth Day and Arbor Day. The plan follows a successful 2023 in which the company reached a new hi ...
What's in the Cards for FirstEnergy (FE) This Earnings Season?
Zacks Investment Research· 2024-04-23 14:31
FirstEnergy Corporation (FE) is scheduled to release first-quarter 2024 results on Apr 25, after market close. The company delivered an earnings surprise of 3.3% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderFirstEnergy’s first-quarter earnings are expected to have benefited from its ongoing “Energize365” initiative, which is focused on installing advanced equipment and technologies that will strengthen and moderni ...
Work Underway to Upgrade Electric System in Erie County, Pennsylvania
Prnewswire· 2024-04-18 15:05
Upgrades will benefit more than 8,000 Penelec customers ERIE, Pa., April 18, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business as Penelec, is installing automated reclosing devices and other equipment in substations serving more than 8,000 customers in Erie County. The work is designed to help prevent lengthy service interruptions, particularly during severe weather. Scott Wyman, President of FirstEnergy's Pennsylvania Operation ...
FirstEnergy Names John Combs Senior Vice President, Shared Services
Prnewswire· 2024-04-16 12:15
Extensive background in technology, customer focus and innovation will help company's continued transformation to premier utility AKRON, Ohio, April 16, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced John Combs has been named Senior Vice President, Shared Services, effective April 22. Reporting to President and Chief Executive Officer Brian Tierney, Combs will lead and oversee the company's IT organization – Cyber Security, Corporate Security and Information Technology, and Innovation & D ...
Settlement Reached in FirstEnergy Ohio Utilities' Grid Modernization Plan
Prnewswire· 2024-04-15 16:34
Agreement with key stakeholders expands customer deployment of smart meter technology AKRON, Ohio, April 15, 2024 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Ohio electric companies – Ohio Edison, The Illuminating Company and Toledo Edison – have reached a settlement on their Grid Modernization (Grid Mod) II plan that will expand the deployment of smart meters to an additional 1.4 million customers in Ohio. If approved by the Public Utilities Commission of Ohio (PUCO), the four-year, $421 million plan wi ...
FirstEnergy (FE) is a Top-Ranked Momentum Stock: Should You Buy?
Zacks Investment Research· 2024-04-10 14:56
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are th ...
Tree-Trimming Work Underway to Help Prevent or Minimize Power Outages for JCP&L Customers
Prnewswire· 2024-04-10 14:33
Work includes trimming along more than 3,400 miles of power lines HOLMDEL, N.J., April 10, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power & Light (JCP&L) is trimming trees along more than 3,400 miles of power lines across its 13-county service territory as part of its ongoing efforts to help enhance electric service reliability. This comprehensive vegetation management program is designed to help keep power flowing to customers by helping to reduce tree-related outages, su ...
FirstEnergy to Webcast First Quarter Earnings Teleconference
Prnewswire· 2024-04-03 15:50
AKRON, Ohio, April 3, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the first quarter of 2024 after markets close on Thursday, April 25. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 10 a.m. EDT on Friday, April 26. A question-and-answer session will follow.   Investors, customers and other interested parties are invited to listen to a live webcast of the call and view presentation slides via FirstEnergy's ...