FE Q1 2024 Earnings — FirstEnergy Corp. Revenue & Financial Results | Market Cap Arena

FEFirstEnergy Corp.

$29B

Q1 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$3.3B+1.7% YoY

Gross Profit

$2.1B65.3% margin

Operating Income

$612M18.6% margin

Net Income

$253M7.7% margin

EPS (Diluted)

$0.44

QoQ Revenue Growth

+4.5%

Cash Flow

Operating Cash Flow

-$40M

Free Cash Flow

-$830M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$51.3B

Total Liabilities

$37.7B

Stockholders' Equity

$12.4B

Cash & Equivalents

$888M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$3.2B	+1.7%
Gross Profit	$2.1B	$2.0B	+8.7%
Operating Income	$612M	$551M	+11.1%
Net Income	$253M	$292M	-13.4%

Revenue Segments

Regulated Distribution

$1.8B80%

Regulated Transmission

$438M20%