FE raises its quarterly dividend once again, courtesy of contributions from regulated operations and improving economic conditions in its service territories boosting demand.
FE's subsidiary, Jersey Central Power & Light, begins construction on a project to upgrade overhead and install a new underground electric service.
FirstEnergy Corp. (NYSE:FE ) Q4 2024 Earnings Conference Call February 27, 2025 8:00 AM ET Company Participants Karen Sagot - VP of IR Brian Tierney - President CEO and Chairman Jon Taylor - SVP Strategy and CFO Conference Call Participants Shar Pourreza - Guggenheim Securities Carly Davenport - Goldman Sachs Nick Campanella - Barclays Michael Lonegan - Evercore ISI Jeremy Tonet - JPMorgan Steve Fleishman - Wolfe Research Andrew Weisel - Scotiabank Anthony Crowdell - Mizuho Securities Operator Hello, and welcome to FirstEnergy Corp. Fourth Quarter 2024 Earnings Conference Call. As a reminder, this conference is being recorded.
FE's fourth-quarter earnings and revenues lag estimates. The company continues with the long-term capital investment plan to strengthen its infrastructure.
FirstEnergy (FE) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.62 per share a year ago.
FE fourth-quarter 2024 results are expected to benefit from enhancement of service reliability and the installation of a new transformer at its substation.
FirstEnergy (FE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The market leaves investors with plenty of hints when volatility spikes, and recently, after the technology sector's shaky price action, it looks like the sentiment is clear. Not only that, but the tariffs being implemented by President Trump have created a volatile environment for the foreseeable future.
FirstEnergy Corp. is a major regulated electric utility serving 6 million customers across the Midwest and Mid-Atlantic, with a $47.52 billion enterprise value. Despite a 10.50% stock rise, FirstEnergy underperformed the S&P 500 and U.S. Utilities Index over 14 months, which saw over 30% gains in the same period. FirstEnergy's $26 billion capital spending plan (2024-2028) aims to meet rising electricity demand, especially from AI data centers, promising future revenue growth.
FE's focus on infrastructure upgrades should further boost its service reliability and improve overall performance.
FE Pennsylvania receives approval to implement phase three of its LTIIP. It will focus on improving service reliability through grid modernization and system resiliency.
FE's focus on infrastructure upgrades should further boost its service reliability and improve overall performance.