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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, OH, USMap
Websitefirstenergycorp.com
Employee Ratings3.9More
Overall CultureA-More
View Jobs (67)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)12,316(-1%)
Job Openings67
Revenue (FY, 2020)$10.8 B(-2%)
Share Price (Jun 2021)$38.8
Cybersecurity ratingBMore

Key People/Management at FirstEnergy

Steven E. Strah

Steven E. Strah

President and Acting Chief Executive Officer
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
Michael J. Dowling

Michael J. Dowling

Senior Vice President, External Affairs, FirstEnergy Service Company
Bennett L. Gaines

Bennett L. Gaines

Senior Vice President, Corporate Services and Chief Information Officer, FirstEnergy Service Company
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FirstEnergy Office Locations

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

FirstEnergy Financials and Metrics

FirstEnergy Revenue

FirstEnergy's revenue was reported to be $10.79 b in FY, 2020
USD

Revenue (Q1, 2021)

2.7b

Net income (Q1, 2021)

335.0m

EBIT (Q1, 2021)

559.0m

Market capitalization (11-Jun-2021)

21.1b

Closing stock price (11-Jun-2021)

38.8

Cash (31-Mar-2021)

1.3b

EV

42.5b
FirstEnergy's current market capitalization is $21.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

14.0b11.3b11.0b10.8b

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, 2020Q1, 2021

Revenue

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

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, 2019FY, 2020

Cash

589.0m367.0m627.0m1.7b

Accounts Receivable

1.5b1.2b1.1b1.2b

Inventories

463.0m252.0m281.0m317.0m

Current Assets

3.1b2.4b2.4b3.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

248.0m256.0m436.0m174.0m422.0m716.0m152.0m116.0m1.3b

Accounts Receivable

1.3b1.2b1.3b1.3b1.1b1.1b1.1m1.1m247.0m

Inventories

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

Current Assets

2.3b2.4b2.6b2.3b2.4b2.6b2.0b2.0b3.2b
show all
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(1.7b)1.3b912.0m1.1b

Depreciation and Amortization

1.7b1.4b1.2b1.2b

Inventories

(6.0m)24.0m(37.0m)(32.0m)

Accounts Payable

72.0m109.0m(49.0m)(138.0m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Net Income

1.4b1.7b1.2b320.0m632.0m1.0b74.0m383.0m335.0m

Depreciation and Amortization

280.0m604.0m1.0b345.0m702.0m1.1b295.0m602.0m454.0m

Inventories

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

Accounts Payable

96.0m50.0m125.0m(143.0m)(183.0m)(102.0m)(66.0m)(83.0m)43.0m
show all
USDFY, 2017

Revenue/Employee

897.5k

Debt/Equity

5.7 x

Debt/Assets

0.5 x

Financial Leverage

10.8 x
Show all financial metrics

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

222

Population Coverage

13.3 m13.3 m13.3 m
Show all operating metrics

FirstEnergy Acquisitions / Subsidiaries

Company NameDateDeal Size
Allegheny EnergyFebruary 26, 2011$4.7 b
GPU, IncOctober 10, 2000$4.5 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 Revenue Breakdown

Embed Graph

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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

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FirstEnergy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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FirstEnergy Online and Social Media Presence

FirstEnergy's Trends

Embed Graph

FirstEnergy Company Culture

  • Overall Culture

    A-

    74/100

  • CEO Rating

    A

    76/100

  • Compensation

    B+

    75/100

Learn more on Comparably

FirstEnergy News and Updates

June 09, 2021

FirstEnergy Offers Customers Energy-Saving Tips to Beat the Summer Heat

AKRON, Ohio, June 9, 2021 /PRNewswire/ -- As temperatures rise, FirstEnergy Corp. (NYSE:FE) customers can take steps to beat the heat while also managing their energy costs. Extreme temperatures can often lead to rising energy use for customers as the need for air conditioning increases...
May 18, 2021

FirstEnergy Executives Address Shareholders

AKRON, Ohio, May 18, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) President and Chief Executive Officer Steven E. Strah told shareholders today that the company is embarking on a transformation designed to deliver exceptional value to customers and shareholders, while it continues to...
March 08, 2021

FirstEnergy Names Steven E. Strah Chief Executive Officer

AKRON, Ohio, March 8, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Steven E. Strah has been named the company's chief executive officer and a member of the Board of Directors, effective immediately. Strah has served as acting chief executive officer since October...
February 18, 2021

FirstEnergy Announces Fourth Quarter and Full Year 2020 Financial Results

AKRON, Ohio, Feb. 18, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported full-year 2020 GAAP earnings of $1.1 billion, or $1.99 per basic and diluted share of common stock, on revenue of $10.8 billion. In 2019, the company reported GAAP earnings of $908 million, or $1.70 per...
November 16, 2020

FirstEnergy Crews Continue to Make Repairs Following Windstorms

AKRON, Ohio, Nov. 16, 2020 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) utilities have restored service to more than 371,000 customers who lost power after windstorms swept through the company's entire service area Sunday. Crews are working around the clock to assess damage and restore...
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...
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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 Steven E. Strah, Samuel L. Belcher and Gary Benz.

  • How many employees does FirstEnergy have?

    FirstEnergy has 12,316 employees.

  • What is FirstEnergy revenue?

    Latest FirstEnergy annual revenue is $10.8 b.

  • What is FirstEnergy revenue per employee?

    Latest FirstEnergy revenue per employee is $876.1 k.

  • Who are FirstEnergy competitors?

    Competitors of FirstEnergy include KenGen, Eskom and K-Electric.

  • 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.