FE Q2 2024 Earnings — FirstEnergy Corp. Revenue & Financial Results | Market Cap Arena

FEFirstEnergy Corp.

$29B

Q2 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$3.3B+9.1% YoY

Gross Profit

$2.3B69.4% margin

Operating Income

$423M12.9% margin

Net Income

$45M1.4% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

-0.2%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

$170M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$51.0B

Total Liabilities

$37.3B

Stockholders' Equity

$12.5B

Cash & Equivalents

$60M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$3.0B	+9.1%
Gross Profit	$2.3B	$2.0B	+15.4%
Operating Income	$423M	$481M	-12.1%
Net Income	$45M	$235M	-80.9%

Revenue Segments

Regulated Distribution

$1.6B78%

Regulated Transmission

$468M22%