FE Q2 2023 Earnings — FirstEnergy Corp. Revenue & Financial Results | Market Cap Arena

FEFirstEnergy Corp.

$29B

Q2 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$3.0B+6.7% YoY

Gross Profit

$2.0B65.6% margin

Operating Income

$481M16.0% margin

Net Income

$235M7.8% margin

EPS (Diluted)

$0.41

QoQ Revenue Growth

-7.0%

Cash Flow

Operating Cash Flow

-$101M

Free Cash Flow

-$870M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$47.1B

Total Liabilities

$36.1B

Stockholders' Equity

$10.5B

Cash & Equivalents

$171M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.0B	$2.8B	+6.7%
Gross Profit	$2.0B	$1.8B	+8.0%
Operating Income	$481M	$447M	+7.6%
Net Income	$235M	$187M	+25.7%

Revenue Segments

Regulated Distribution

$2.5B83%

Regulated Transmission

$520M17%