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FirstEnergy

OverviewSuggest Edit

FirstEnergy is a company that generates, transmits, and distributes electricity. It operates through Regulated Distribution and Regulated Transmission segments. It owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities.

TypePublic
Founded1997
HQAkron, USMap
Websitefirstenergycorp.com
Employee Ratings3.5More
View Jobs (32)

Locations

FirstEnergy is headquartered in
Akron, United States

Location Map
All Locations (2)

Latest Updates

Employees (est.) (Dec 2019)12,316(-1%)
Job Openings32
Revenue (FY, 2019)$11 B(-2%)
Share Price (Oct 2020)$31.5
Cybersecurity ratingBMore

Key People/Management at FirstEnergy

Charles E. Jones

Charles E. Jones

Chief Executive Officer, Member, Board of Directors
Steven E. Strah

Steven E. Strah

President
Samuel L. Belcher

Samuel L. Belcher

Senior Vice President and President, FirstEnergy Utilities
Gary Benz

Gary Benz

Senior Vice President, Strategy, FirstEnergy Service Company
K. Jon Taylor

K. Jon Taylor

Senior Vice President and Chief Financial Officer, FirstEnergy Service Company
Dennis Chack

Dennis Chack

Senior Vice President, Product Development, Marketing and Branding, FirstEnergy Service Company
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FirstEnergy Office Locations

FirstEnergy has offices in Akron and Mayfield
Akron, US (HQ)
76 S Main St
Mayfield, US
6670 Beta Dr
Show all (2)

FirstEnergy Financials and Metrics

FirstEnergy Revenue

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FirstEnergy's revenue was reported to be $11.04 b in FY, 2019 which is a 2% decrease from the previous period.
USD

Revenue (Q2, 2020)

2.0b

Gross profit (Q2, 2020)

1.3b

Gross profit margin (Q2, 2020), %

66%

Net income (Q2, 2020)

307.0m

EBIT (Q2, 2020)

515.0m

Market capitalization (15-Oct-2020)

17.1b

Closing stock price (15-Oct-2020)

31.5

Cash (30-Jun-2020)

116.0m

EV

39.1b
FirstEnergy's current market capitalization is $17.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

14.0b11.3b11.0b

Revenue growth, %

(4%)(20%)(2%)

Cost of goods sold

4.6b3.6b3.4b

Gross profit

9.4b7.6b7.6b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

3.0b2.7b3.1b2.9b2.5b3.0b2.7b2.0b

Cost of goods sold

1.0b875.0m1.0b912.0m740.0m920.0m792.0m690.0m

Gross profit

2.0b1.8b2.1b2.0b1.8b2.0b1.9b1.3b

Gross profit Margin, %

66%68%67%68%71%69%71%66%
show all
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

589.0m367.0m627.0m

Accounts Receivable

1.5b1.2b1.1b

Inventories

463.0m252.0m281.0m

Current Assets

3.1b2.4b2.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

248.0m256.0m436.0m174.0m422.0m716.0m152.0m116.0m

Accounts Receivable

1.3b1.2b1.3b1.3b1.1b1.1b1.1m1.1m

Inventories

273.0m281.0m240.0m268.0m261.0m258.0m285.0m303.0m

Current Assets

2.3b2.4b2.6b2.3b2.4b2.6b2.0b2.0b
show all
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(1.7b)1.3b912.0m

Depreciation and Amortization

1.7b1.4b1.2b

Inventories

(6.0m)24.0m(37.0m)

Accounts Payable

72.0m109.0m(49.0m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

1.4b1.7b1.2b320.0m632.0m1.0b74.0m383.0m

Depreciation and Amortization

280.0m604.0m1.0b345.0m702.0m1.1b295.0m602.0m

Inventories

36.0m28.0m43.0m(12.0m)(29.0m)(14.0m)(18.0m)

Accounts Payable

96.0m50.0m125.0m(143.0m)(183.0m)(102.0m)(66.0m)(83.0m)
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USDFY, 2017

EV/EBIT

206.6 x

EV/CFO

9.3 x

Revenue/Employee

897.5k

Debt/Equity

5.7 x

Debt/Assets

0.5 x

Financial Leverage

10.8 x

P/E Ratio

(7.9)
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FirstEnergy Operating Metrics

FY, 2017FY, 2018FY, 2019

Customers Served

6.09 m6.11 m6.13 m

Net Generating Capacity, MW

3.79 k3.79 k3.79 k

Operating Centers

2 2 2

Population Coverage

13.30 m13.30 m13.30 m
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FirstEnergy Acquisitions / Subsidiaries

Company NameDateDeal Size
Allegheny EnergyFebruary 26, 2011$4.70 b
GPU, IncOctober 10, 2000$4.50 b
Marbel Energy Corp.March 20, 1998
FirstEnergy Nuclear Operating Company
FirstEnergy Service Company
FirstEnergy Solutions Corp.
FirstEnergy Transmission, LLC
FirstEnergy Ventures Corp.
Jersey Central Power & Light Company
Metropolitan Edison Company
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FirstEnergy Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

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FirstEnergy Revenue Breakdown

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FirstEnergy revenue breakdown by business segment: 33.3% from Retail Generation, 13.7% from Transmission, 45.8% from Distribution Services and 7.3% from Other

FirstEnergy Online and Social Media Presence

FirstEnergy's Trends

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FirstEnergy News and Updates

September 28, 2020

FIRSTENERGY 24 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuit Against FirstEnergy Corp. - FE

NEW ORLEANS, Sept. 27, 2020 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until September 28, 2020 to file lead plaintiff applications in a securities class action...
September 18, 2020

FirstEnergy Utility Crews Mobilize to Assist Hurricane Sally Power Restoration Efforts in Alabama

AKRON, Ohio, Sept. 18, 2020 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) utilities have sent 190 line workers and support personnel to Mobile, Alabama, to assist Alabama Power with restoration efforts following Hurricane Sally. Crews began leaving for Alabama Thursday, with all expected...
September 15, 2020

Deadline in Lawsuit for Investors in FirstEnergy Corp. (NYSE: FE) shares announced by Shareholders Foundation

SAN DIEGO, Sept. 15, 2020 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in NYSE: FE shares.  Investors, who purchased shares of FirstEnergy Corp. (NYSE: FE) in 2017 or earlier and continue to hold any of their NYSE: FE shares, have c…
September 15, 2020

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in FirstEnergy Corporation of Class Action Lawsuit and Upcoming Deadline - FE

NEW YORK, Sept. 14, 2020 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against FirstEnergy Corporation ("FirstEnergy" or the "Company") (NYSE: FE) and certain of its officers. The class action, filed in United States District Court for the S, and...
September 15, 2020

ROSEN, TOP RANKED GLOBAL INVESTOR COUNSEL, Reminds FirstEnergy Corp. Investors of the Important September 28 Deadline in Securities Class Action - FE

NEW YORK, Sept. 14, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of FirstEnergy Corp. (NYSE: FE) between February 21, 2017 and July 21, 2020, inclusive (the "Class Period"), of the important September 28, 2020 lead plaintiff...
September 14, 2020

FE INVESTOR FILING DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against FirstEnergy Corp.

NEW YORK, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of F…
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 FirstEnergy Frequently Asked Questions

  • When was FirstEnergy founded?

    FirstEnergy was founded in 1997.

  • Who are FirstEnergy key executives?

    FirstEnergy's key executives are Charles E. Jones, Steven E. Strah and Samuel L. Belcher.

  • How many employees does FirstEnergy have?

    FirstEnergy has 12,316 employees.

  • What is FirstEnergy revenue?

    Latest FirstEnergy annual revenue is $11 b.

  • What is FirstEnergy revenue per employee?

    Latest FirstEnergy revenue per employee is $896 k.

  • Who are FirstEnergy competitors?

    Competitors of FirstEnergy include Entergy, American Electric Power and Edison International.

  • Where is FirstEnergy headquarters?

    FirstEnergy headquarters is located at 76 S Main St, Akron.

  • Where are FirstEnergy offices?

    FirstEnergy has offices in Akron and Mayfield.

  • How many offices does FirstEnergy have?

    FirstEnergy has 2 offices.