FE Q1 2023 Earnings — FirstEnergy Corp. Revenue & Financial Results | Market Cap Arena

FEFirstEnergy Corp.

$29B

Q1 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$3.2B+8.1% YoY

Gross Profit

$2.0B61.1% margin

Operating Income

$551M17.1% margin

Net Income

$292M9.0% margin

EPS (Diluted)

$0.51

QoQ Revenue Growth

+1.7%

Cash Flow

Operating Cash Flow

-$112M

Free Cash Flow

-$761M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$46.5B

Total Liabilities

$35.7B

Stockholders' Equity

$10.3B

Cash & Equivalents

$177M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.2B	$3.0B	+8.1%
Gross Profit	$2.0B	$2.0B	+0.0%
Operating Income	$551M	$559M	-1.4%
Net Income	$292M	$288M	+1.4%

Revenue Segments

Regulated Distribution

$2.8B86%

Regulated Transmission

$461M14%