FirstEnergy Corp
NYSE:FE

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FirstEnergy Corp
NYSE:FE
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Price: 38.72 USD -2.64% Market Closed
Market Cap: 22.3B USD

FirstEnergy Corp
Investor Relations

In the heart of the American Midwest and Mid-Atlantic regions, FirstEnergy Corp. operates as a pivotal player in the realm of electrical utilities. With a legacy that interweaves industrial progression and regional development, FirstEnergy stands as a testament to the synthesis of infrastructure and innovation. The company oversees a vast array of transmission lines and generation facilities, ensuring the reliable delivery of electricity to millions of homes and businesses. At the core of its business model, FirstEnergy deftly manages an intricate network that transmits electricity from power plants, harnessing a balanced portfolio of both fossil-based and renewable energy sources. By maintaining rigorous operational standards and investing in modernized infrastructure, FirstEnergy capitalizes on the ongoing demand for electricity, a lifeblood of the economy.

Earning its revenues primarily through regulated and competitive energy services, FirstEnergy navigates the intricate dynamics of energy markets. In its regulated services, the company benefits from predictable, steady income ensured by state regulation that allows recovery of costs and yields a reasonable return on investment. Meanwhile, its competitive energy services provide an opportunity to innovate and adapt to market shifts, as FirstEnergy trades and manages wholesale energy, seeking to optimize costs and efficiencies. This dual income stream embodies its strategic approach, combining stability with market-driven agility. Although FirstEnergy is shaped by the evolving landscape of energy consumption and regulatory challenges, its commitment to grid modernization and renewable integration positions it for ongoing relevance in the ever-evolving energy sector narrative.

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Earnings Calls

2025 Q1
Aug 5, 2024
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Stronger Profits and Revised Forecasts Drive Growth
2025 Q1
Aug 5, 2024

In Q1 FY2024, the company saw a significant 36.3 billion yen increase in recurring profit, totaling 125.7 billion yen. Profit attributable to the owners of the parent rose by 36.7 billion yen to 110.2 billion yen. This was driven by higher freight rates and strong performance across several segments, including automotive, air cargo, and dry bulk. For the full year, the company revised its net sales forecast to 2.57 trillion yen, with a recurring profit of 410 billion yen and net profit of 390 billion yen. Additionally, the dividend per share is expected to increase to 260 yen for the fiscal year.

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Management

Mr. Brian X. Tierney
CEO, President & Director
No Bio Available
Mr. K. Jon Taylor
Senior VP of Strategy & CFO
No Bio Available
Mr. Toby L. Thomas
Chief Operating Officer
No Bio Available
Mr. Hyun Park
Senior VP & Chief Legal Officer
No Bio Available
Mr. Allan Wade Smith
President of FirstEnergy Utilities
No Bio Available
Mr. Jason J. Lisowski
VP, Controller & Chief Accounting Officer
No Bio Available
Mr. Ernest N. Maley
VP & Chief Information Officer
No Bio Available
Mr. Antonio Fernandez
VP and Chief Ethics & Compliance Officer
No Bio Available
Ms. Gretchan Sekulich
Vice President of Communications & Marketing
No Bio Available
Ms. Karen E. Saunders McClendon
Senior VP & Chief Human Resources Officer
No Bio Available

Contacts

Address
OHIO
Akron
76 S Main St
Contacts