Firstenergy Corp.
FE
Market Cap$24.53B
Close$
Earnings Call Q4 2024
February 27, 2025 - AI Summary
Financial Performance and Guidance: FirstEnergy reported GAAP earnings of $1.70 per share for 2024, with operating earnings at $2.63 per share. For 2025, they guided core earnings per share (EPS) in the range of $2.40 to $2.60, reflecting a 5.5% growth over the previous year. This growth is supported by new base rates in several states and continued investment in regulated operations.
Regulatory Environment and Rate Cases: The company successfully completed rate reviews in four of five states, resulting in a net annual revenue increase of approximately $450 million. A recent base rate case in Pennsylvania added $225 million in revenue. FirstEnergy plans to navigate upcoming regulatory challenges, including the handling of their ESP-6 proposal in Ohio, which will emphasize reliability and affordability.
Operational Changes and Cost Management: The leadership team is focusing on enhancing operational efficiency and reducing costs, specifically targeting a flat operating and maintenance (O&M) budget excluding Pennsylvania’s increases for reliability enhancements. A comprehensive program is in place to reduce staff augmentation and optimize procurement processes, aiming for improved long-term financial discipline.
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$40.69
1.3% downside
Current Fair Value
1.3% downsideOvervalued by 1.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $24.53 Billion |
|---|---|
| Enterprise Value | $47.79 Billion |
| Dividend Yield | $1.72 (4.04610679840038%) |
| Earnings per Share | $1.7 |
| Beta | 0.4 |
| Outstanding Shares | 577,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 22.61 |
|---|---|
| PEG | 53.45 |
| Price to Sales | 1.72 |
| Price to Book Ratio | 1.72 |
| Enterprise Value to Revenue | 3.43 |
| Enterprise Value to EBIT | 21.69 |
| Enterprise Value to Net Income | 42 |
| Total Debt to Enterprise | 0.49 |
| Debt to Equity | 1.86 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Firstenergy Corp.
15,617 employees
CEO: Charles Jones FirstEnergy Corp. is dedicated to safety, reliability and operational excellence. Its ten electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jers...