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FirstEnergy(FE) - 2024 Q2 - Earnings Call Presentation
2024-07-31 15:51
Focused on Our Future Forward-Looking Statements Strategic & Financial Highlights – Published July 30, 2024 This presentation contains references to certain financial measures including Operating earnings (loss) and Operating earnings (loss) per share ("EPS"), including by segment and the impact of special items on the following measures: Total revenues, Total operating expenses, Total other expense, and Earnings (loss) attributable to FirstEnergy Corp. These are "non-GAAP financial measures" which are not ...
FirstEnergy (FE) Q2 Earnings Meet Estimates
ZACKS· 2024-07-30 23:01
A quarter ago, it was expected that this utility company would post earnings of $0.53 per share when it actually produced earnings of $0.55, delivering a surprise of 3.77%. FirstEnergy, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $3.28 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 5.58%. This compares to year-ago revenues of $3.01 billion. The company has not been able to beat consensus revenue estimates over the last four quarters. Fir ...
FirstEnergy(FE) - 2024 Q2 - Quarterly Report
2024-07-30 20:53
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑ Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: OUTSTANDING These SEC filings are posted on FirstEnergy's website as soon as reasonably practicable after they are electronically filed with or furnished to the SEC. Additionally, FirstEnergy routinely posts additional important information, including press rele ...
FirstEnergy(FE) - 2024 Q2 - Quarterly Results
2024-07-30 20:45
ocused on Our Future Published July 30, 2024 This presentation includes forward-looking statements within the messing of the Private Securities Liligation Reform Act of 1965 based on information currently wallable to readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regardrig management's inters, beliefs and curr terms "articipate", "potential," "exped," "forecast," "till", "finlend," "polent," "selimele," "plan" and similar words. F ...
FirstEnergy Announces Second Quarter 2024 Financial Results
Prnewswire· 2024-07-30 20:40
Reports second quarter 2024 GAAP earnings of $0.08 per share and operating (non-GAAP) earnings of $0.56 per share, above the midpoint of guidance and a 19% increase compared to the second quarter of 2023 Operating (non-GAAP) earnings for the second quarter of 2024 were $0.56 per share, above the midpoint of the company's guidance. In the second quarter of 2023, operating (non-GAAP) earnings were $0.47 per share. Affirms targeted 6-8% long-term annual operating earnings per share growth and full-year 2024 op ...
FirstEnergy Corp. Declares Common Stock Dividend of $0.425 Per Share
Prnewswire· 2024-07-24 17:20
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on X, ...
Smart Grid Enhancements Underway on Electric System in York and Adams Counties
Prnewswire· 2024-07-22 17:05
Met-Ed project will help prevent or minimize outages for more than 24,000 customers John Hawkins, FirstEnergy's President, Pennsylvania: "These upgrades to our energy delivery system will help prevent or minimize the impact of power outages for our Met-Ed customers in numerous communities across York and Adams counties. This important work is part of our Long-Term Infrastructure Improvement Plan (LTIIP) II, a $153 million initiative to accelerate investments in our Met-Ed system over five years to help ensu ...
FirstEnergy and International Soap Box Derby Race into the Future with Title Sponsorship Renewal
Prnewswire· 2024-07-19 18:03
AKRON, Ohio, July 19, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is extending its title sponsorship with The International Soap Box Derby (ISBD) for three years. Running from 2025-2027, the sponsorship continues a strong relationship between the two Akron-based institutions that began in 2012. The extension was announced during race week activities surrounding the 86th FirstEnergy All-American Soap Box Derby, as more than 320 competitors from throughout the United States, Canada and Japan geared up t ...
FirstEnergy Receives Remaining Proceeds in Strategic $3.5 Billion FirstEnergy Transmission, LLC 30% Interest Sale
Prnewswire· 2024-07-17 18:30
Deploys final $1.2 billion in proceeds to further strengthen balance sheet, supporting sustainable, long-term growth through industry-leading Energize365 grid investment program FirstEnergy is deploying these proceeds in a credit-accretive manner, consistent with the company's plan to further transform its balance sheet and support its five-year, $26 billion Energize365 grid investment program. "With the successful execution of these strategic transactions, FirstEnergy now has a strong balance sheet to supp ...
FirstEnergy Receives Industry Award for Winter Storm Outage Restoration Efforts
Prnewswire· 2024-07-11 17:15
On Jan. 9, several crews and personnel from FirstEnergy's Illuminating Company, Ohio Edison, Penn Power, Penelec, West Penn Power, Met-Ed, Mon Power, Potomac Edison and JCP&L service areas bore the brunt of Winter Storm Finn, which brought strong winds, heavy rain, ice and snow. The tree- and flood-related damage was widespread, consisting of hundreds of broken poles and crossarms, downed power lines, and fallen trees and debris blocking road access. Wade Smith, President, FirstEnergy Utilities: "I am proud ...