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FirstEnergy generates, transmits, and distributes electricity. The Company 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, US
Websitefirstenergycorp.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2018)12,494(-19%)
Job Openings55
Revenue (FY, 2018)$11.3 B(-19%)
Share Price (Nov 2019)$46.7

Key People/Management at FirstEnergy

Charles E. Jones

Charles E. Jones

President and Chief Executive Officer Member, Board of Directors
Samuel L. Belcher

Samuel L. Belcher

President, SVP
Gary Benz

Gary Benz

SVP, Strategy
Dennis Chack

Dennis Chack

SVP, Product Development, Marketing and Branding
Michael Dowling

Michael Dowling

SVP, External Affairs
Bennett Gaines

Bennett Gaines

CIO, SVP, Corporate Services
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FirstEnergy Office Locations

FirstEnergy has an office in Akron
Akron, US (HQ)
76 S Main St
Show all (1)

FirstEnergy Financials and Metrics

FirstEnergy Revenue

FirstEnergy's revenue was reported to be $11.26 b in FY, 2018 which is a 19.7% decrease from the previous period.
USD

Revenue (Q2, 2019)

2.5b

Net income (Q2, 2019)

312.0m

EBIT (Q2, 2019)

585.0m

Market capitalization (7-Nov-2019)

25.2b

Closing stock price (7-Nov-2019)

46.7

Cash (30-Jun-2019)

422.0m

EV

26.5b
FirstEnergy's current market capitalization is $25.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

14.9b15.0b15.0b14.6b14.0b11.3b

Revenue growth, %

1%0%(3%)(4%)(20%)

Operating expense total

22.8b13.8b8.8b

EBIT

1.6b1.1b2.3b(8.3b)172.0m2.5b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

3.5b4.1b3.9b3.4b3.9b3.6b3.3b3.7b3.0b2.7b3.1b2.9b2.5b

Operating expense total

2.9b3.2b3.1b4.4b3.1b3.0b2.8b2.8b2.4b2.0b2.4b2.3b1.9b

EBIT

554.0m908.0m776.0m(975.0m)861.0m574.0m544.0m884.0m597.0m687.0m710.0m629.0m585.0m

EBIT margin, %

16%22%20%(29%)22%16%16%24%20%25%23%22%23%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

199.0m589.0m367.0m

Accounts Receivable

1.4b1.5b1.2b

Inventories

564.0m463.0m252.0m

Current Assets

3.0b3.1b2.4b
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

(6.2b)(1.7b)1.3b

Depreciation and Amortization

2.0b1.7b1.4b

Inventories

41.0m(6.0m)24.0m

Accounts Payable

(37.0m)72.0m109.0m
Quarterly
USDY, 2019

EV/EBIT

45.2 x

EV/CFO

42.3 x

Debt/Equity

0.2 x

Financial Leverage

5.6 x
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FirstEnergy Operating Metrics

FirstEnergy's Customers was reported to be 6 m in FY, 2018.
FY, 2016FY, 2017FY, 2018

Customers

6 m6 m6 m

Operating Centers

2 2 2
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FirstEnergy Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
FirstEnergy Nuclear Operating Company
FirstEnergy Service Company
FirstEnergy Solutions Corp.
FirstEnergy Transmission, LLC
FirstEnergy Ventures Corp.
Jersey Central Power & Light Company
Metropolitan Edison Company
Monongahela Power Company
Ohio Edison Company
Pennsylvania Electric Company
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FirstEnergy Revenue Breakdown

Embed Graph

FirstEnergy revenue breakdown by business segment: 24.2% from Competitive Energy Services, 9.1% from Regulated Transmission and 66.7% from Regulated Distribution

FirstEnergy Online and Social Media Presence

Embed Graph

FirstEnergy News and Updates

FirstEnergy Announces Third Quarter 2019 Financial Results

AKRON, Ohio, Nov. 4, 2019 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported third quarter 2019 GAAP earnings of $391 million or $0.73 per basic share ($0.72 diluted), on revenues of $3 billion. GAAP results include the impact of special items listed below. Operating (non-GAAP)...

ParkMobile™ Offers More Parking Options for Cleveland Browns Fans at FirstEnergy Stadium

CLEVELAND, Aug. 28, 2019 /PRNewswire/ -- ParkMobile, the leading provider of smart parking and mobility solutions in North America, announced today new parking options for Cleveland Browns fans at FirstEnergy Stadium. In addition to single game parking passes, people can now buy full...

FirstEnergy Solutions Accelerates Deactivation of Bruce Mansfield Unit 3

AKRON, Ohio, Aug. 9, 2019 /PRNewswire/ -- FirstEnergy Solutions Corp. (FES) announced today that it will accelerate the deactivation of its remaining coal-powered unit in Beaver County, Pennsylvania due to a lack of economic viability in current market conditions. The Company has notified...

Incentives Available for FirstEnergy Customers to Purchase Nissan Electric Vehicles

AKRON, Ohio, July 29, 2019 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) utility customers are eligible for rebates off the price of a 2019 Nissan LEAF or a 2019 LEAF Plus electric vehicle simply by showing their electric bill and a copy of the official program flyer to a participating...

FirstEnergy Solutions Rescinds Deactivation Notices for Competitive Generating Plants in Ohio

AKRON, Ohio, July 26, 2019 /PRNewswire/ -- FirstEnergy Solutions Corp. ("FES") today notified PJM Interconnection (PJM), the regional transmission organization, of its decision to rescind the March 28, 2018, Deactivation Notices for its two nuclear power plants in Ohio. The Deactivation...

FirstEnergy Solutions Applauds Enactment of HB6 Legislation

AKRON, Ohio, July 24, 2019 /PRNewswire/ -- FirstEnergy Solutions Corp. ("FES") today applauded the enactment of House Bill 6 into law, a monumental step in helping to avoid the premature closure of the company's two nuclear plants in Ohio while preserving 4,300 highly-skilled jobs and an...
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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, Samuel L. Belcher and Gary Benz.

  • How many employees does FirstEnergy have?

    FirstEnergy has 12,494 employees.

  • What is FirstEnergy revenue?

    Latest FirstEnergy annual revenue is $11.3 b.

  • What is FirstEnergy revenue per employee?

    Latest FirstEnergy revenue per employee is $901.3 k.

  • Who are FirstEnergy competitors?

    Competitors of FirstEnergy include Dominion Energy, PG&E and Portland General Electric Company.

  • Where is FirstEnergy headquarters?

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

  • Where are FirstEnergy offices?

    FirstEnergy has an office in Akron.

  • How many offices does FirstEnergy have?

    FirstEnergy has 1 office.