FE Q3 2023 Earnings — FirstEnergy Corp. Revenue & Financial Results | Market Cap Arena

FEFirstEnergy Corp.

$29B

Q3 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$3.5B+0.3% YoY

Gross Profit

$2.2B62.1% margin

Operating Income

$666M19.1% margin

Net Income

$400M11.5% margin

EPS (Diluted)

$0.69

QoQ Revenue Growth

+16.0%

Cash Flow

Operating Cash Flow

$642M

Free Cash Flow

-$206M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$47.5B

Total Liabilities

$36.5B

Stockholders' Equity

$10.5B

Cash & Equivalents

$118M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.5B	$3.5B	+0.3%
Gross Profit	$2.2B	$2.2B	+0.4%
Operating Income	$666M	$505M	+31.9%
Net Income	$400M	$334M	+19.8%

Revenue Segments

Regulated Distribution

$3.0B86%

Regulated Transmission

$509M14%