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FirstEnergy

  • Revenue$11.1 BFY, 2021
  • Market Capitalization$21.3 B2022-06-24

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 Ratings3.8
Overall CultureA-More
View Jobs (137)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2021)12,395(+2%)
Job Openings137
Revenue (FY, 2021)$11.1 B(+4%)
Share Price (Jun 2022)$37.3
Cybersecurity ratingBMore
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Key People/Management at FirstEnergy

Steven E. Strah

Steven E. Strah

President, Chief Executive Officer FirstEnergy Corp.
Gary Benz

Gary Benz

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

K. Jon Taylor

Senior Vice President, Chief Financial Officer, FirstEnergy Service Company
Samuel L. Belcher

Samuel L. Belcher

Senior Vice President, Operations
Michelle Henry

Michelle Henry

Senior Vice President, Customer Experience FirstEnergy Service Company
Michael J. Dowling

Michael J. Dowling

Senior Vice President, External Affairs, 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

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View revenue for all periods
FirstEnergy's revenue was reported to be $11.13 b in FY, 2021 which is a 3.2% increase from the previous period.
USD

Revenue (FY, 2021)

11.1b

Revenue growth (FY, 2020 - FY, 2021), %

3.2%

Gross profit (FY, 2021)

7.7b

Gross profit margin (FY, 2021), %

69.1%

Net income (FY, 2021)

1.3b

EBIT (FY, 2021)

1.7b

Market capitalization (24-Jun-2022)

21.3b

Closing stock price (24-Jun-2022)

37.3

Cash (31-Dec-2021)

1.5b

EV

43.9b
FirstEnergy's current market capitalization is $21.3 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

11.0b10.8b11.1b

Revenue growth, %

(2%)(2%)3%

Cost of goods sold

3.4b3.1b3.4b

Gross profit

7.6b7.7b7.7b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

2.9b2.5b3.0b2.7b2.5b3.0b2.7b2.6b3.1b

Cost of goods sold

912.0m740.0m920.0m792.0m690.0m867.0m836.0m726.0m1.0b

Gross profit

2.0b1.8b2.0b1.9b1.3b2.2b1.9b1.9b2.1b

Gross profit Margin, %

68%71%69%71%53%71%69%72%68%
show all
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

627.0m1.7b1.5b

Accounts Receivable

1.1b1.2b1.0b

Inventories

281.0m317.0m260.0m

Current Assets

2.4b3.7b3.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

174.0m422.0m716.0m152.0m116.0m260.0m1.3b1.3b577.0m

Accounts Receivable

1.3b1.1b1.1b1.0b1.0b1.1b1.0b1.1b1.1b

Inventories

268.0m261.0m258.0m285.0m303.0m308.0m303.0m274.0m245.0m

Current Assets

2.3b2.4b2.6b2.0b2.0b2.2b3.2b3.2b2.5b
show all
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

912.0m1.1b1.3b

Depreciation and Amortization

1.2b1.2b1.6b

Inventories

(37.0m)(32.0m)57.0m

Accounts Payable

(49.0m)(138.0m)117.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

320.0m632.0m1.0b74.0m383.0m837.0m335.0m393.0m856.0m

Depreciation and Amortization

345.0m702.0m1.1b295.0m602.0m804.0m454.0m831.0m1.2b

Inventories

(12.0m)(29.0m)(14.0m)(18.0m)(23.0m)14.0m43.0m73.0m

Accounts Payable

(143.0m)(183.0m)(102.0m)(66.0m)(83.0m)(72.0m)43.0m127.0m49.0m
show all
USDQ1, 2019

Debt/Equity

2.9 x

Debt/Assets

0.5 x

Financial Leverage

5.8 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

FirstEnergy Acquisitions / Subsidiaries

Company NameDateDeal Size
Allegheny EnergyFebruary 26, 2011$4.35 b
GPU, IncNovember 07, 2001$2.01 b
MARBEL Energy CorporationJune 08, 1998
FirstEnergy Service Company
FirstEnergy Transmission, LLC
FirstEnergy Ventures Corp.
Jersey Central Power & Light Company
Metropolitan Edison Company
Monongahela Power Company
Ohio Edison Company
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FirstEnergy Revenue Breakdown

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FirstEnergy revenue breakdown by business segment: 33.0% from Retail Generation, 47.8% from Distribution Services, 14.4% from Transmission and 4.9% from Other

FirstEnergy Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

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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

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FirstEnergy Company Culture

  • Overall Culture

    A-

    75/100

  • CEO Rating

    A

    77/100

  • Compensation

    A

    78/100

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FirstEnergy News and Updates

June 14, 2022

FirstEnergy Announces Pricing Terms and Accepted Tender Amounts of Cash Tender Offer

AKRON, Ohio, June 14, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today the pricing terms and the accepted tender amounts of its previously announced cash tender offer (Tender Offer). As announced earlier, FirstEnergy offered to purchase for cash up to a maximum combined...
May 31, 2022

FirstEnergy Completes Minority Interest Sale in Transmission Business

Investment by Brookfield Super-Core Infrastructure Partners Supports FirstEnergy's Capital Growth Program, Strengthens Balance Sheet AKRON, Ohio, May 31, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that its subsidiary FirstEnergy Transmission, LLC (FET), has...
May 25, 2022

FirstEnergy Commences Cash Tender Offer for up to $800 Million Aggregate Purchase Price of Certain of Its Outstanding Notes

AKRON, Ohio, May 25, 2022 /PRNewswire/ -- FirstEnergy Corp. ("FirstEnergy") (NYSE: FE) announced today that it has commenced an offer to purchase for cash (the "Tender Offer") up to the maximum combined aggregate purchase price of $800 million, including principal and premium but...
May 17, 2022

FirstEnergy Holds Annual Meeting, Announces New Board Leadership

President and CEO Steven E. Strah addresses shareholders John W. Somerhalder elected Board chair Lisa Winston Hicks elected lead independent director AKRON, Ohio, May 17, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) President and Chief Executive Officer Steven E. Strah told...
April 29, 2022

FirstEnergy Foundation Donates $100,000 to Lunch Break in New Jersey

Funds support capital campaign that will expand facility's operations and enhance food security and social service resources in the Monmouth County area AKRON, Ohio, April 29, 2022 /PRNewswire/ -- As part of FirstEnergy Corp.'s (NYSE: FE) commitment to building strong communities, The...
January 25, 2022

FirstEnergy Names Steve Fortune Vice President & Chief Information Officer

AKRON, Ohio, Jan. 25, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Steve Fortune has been named vice president and chief information officer, effective February 7. Fortune will be responsible for leading FirstEnergy's Information Technology (IT) organization,...
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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, Gary Benz and K. Jon Taylor.

  • How many employees does FirstEnergy have?

    FirstEnergy has 12,395 employees.

  • What is FirstEnergy revenue?

    Latest FirstEnergy annual revenue is $11.1 b.

  • What is FirstEnergy revenue per employee?

    Latest FirstEnergy revenue per employee is $898.1 k.

  • Who are FirstEnergy competitors?

    Competitors of FirstEnergy include Con Edison Solutions, KenGen and Eskom.

  • 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.