FE Stock Recent News

BOSTON--(BUSINESS WIRE)--CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an RFP auction process will be conducted for FirstEnergy Corp.'s (NYSE: FE) Ohio subsidiaries — Ohio Edison, The Illuminating Company and Toledo Edison — to procure full requirements service for their Percentage of Income Payment Plan (PIPP) customers. The winning PIPP supplier will be obligated to serve all of the PIPP lo.

Project awards represent approximately $1.25 billion in customer-focused investments for FirstEnergy Transmission and $46 million for other FirstEnergy subsidiaries AKRON, Ohio , Feb. 27, 2025 /PRNewswire/ -- FirstEnergy Transmission LLC (FET), jointly owned by FirstEnergy Corp. (NYSE: FE) and Brookfield Super-Core Infrastructure Partners, has been awarded multiple transmission projects by grid operator PJM Interconnection that are designed to strengthen the electric grid and support regional economic growth. The awards include projects that FET will develop through the Valley Link Transmission Company LLC joint venture with Dominion Energy and American Electric Power Company, as well as projects that FET will develop individually within its service territory.

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.

Reports full year 2024 GAAP earnings of $1.70 per share and Operating (non-GAAP) earnings of $2.63 per share, within guidance range Customer-focused capital investments of $4.5 billion in 2024 to improve grid reliability and resiliency and support the energy transition represent a 20% increase over 2023 Expands Energize365 capital investment program through 2029 with planned capital investments of $28 billion, an 8% increase from previous five-year plan, resulting in anticipated 9% rate base growth Introduces 2025 Core (non-GAAP) earnings guidance and a targeted 6-8% compound annual Core earnings growth rate through the five-year planning period AKRON, Ohio , Feb. 26, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported full year 2024 GAAP earnings from continuing operations of $978 million, or $1.70 per basic and diluted share, on revenue of $13.5 billion. This compares to 2023 GAAP earnings from continuing operations of $1,123 million, or $1.96 per basic and diluted shar

FE fourth-quarter 2024 results are expected to benefit from enhancement of service reliability and the installation of a new transformer at its substation.

Nearly 1,000 customers to benefit from the project HOLMDEL, N.J. , Feb. 21, 2025 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is upgrading its electric grid in portions of Mercer County to help prevent or minimize the impact of outages for nearly 1,000 customers in Hopewell Township, particularly during severe weather.

AKRON, Ohio , Feb. 11, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the fourth quarter and full year of 2024 after markets close on Wednesday, February 26. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 8 a.m.

FirstEnergy line rebuild to benefit 500 West Penn Power customers GREENSBURG, Pa. , Feb. 10, 2025 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as West Penn Power in western Pennsylvania, has upgraded its electric system in eastern Westmoreland County to help prevent service disruptions, support voltage and accommodate growth.