Feed / FE

FirstEnergy Corp.

FE

Utilities · 43.40 +0.1% today

Isolated · not yet confirmedMarket checked 1 Oct, 15:55 GMT-4

Market read

No connected market move is active around FirstEnergy Corp..

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.

Company+0.1% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 7 confirmingNo filing-linked name is confirming now
What would change this read
  • FE's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if FE's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Utilities · Utilities - Regulated Electric

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • FE's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Oct 2, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations616
Usable filing statements332
Verified relationships7
Evidence supporting the case
  • Latest annual revenue changed +12.0% year over year.
  • Operating cash flow covered net income at 3.63x in the latest annual period.
  • Demand and volume has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Operating margin changed -3.0 percentage points in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
  • Energy and commodity prices has repeated adverse evidence across 5 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 26% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 65% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Oct 1, 2026

43.40
6m-14.8%12m-5.3%24m-0.5%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$11.1B+3.2%—+0.6%
2022-12-31$12.5B+11.9%—+4.8%
2023-12-31$12.9B+3.3%—+0.3%
2024-12-31$13.5B+4.7%—+0.5%
2025-12-31$15.1B+12.0%—+0.2%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
“Other Expenses Total other expenses increased $12 million in the first six months of 2026, as compared to the same period of 2025, primarily due to higher interest expense as a result of new debt issued since the second quarter of 2025, partially offset by hi…”
10-Q · Jul 28, 2026 ↗
Demand and volumemixed · 5 filings
“Distribution deliveries for the residential and commercial classes were impacted by higher customer usage and demand as a result of the weather temperatures.”
10-Q · Jul 28, 2026 ↗
Energy and commodity pricesmixed · 5 filings
“Operating Expenses — Total operating expenses increased $486 million, primarily due to: • Fuel costs were flat during the first six months of 2026, as compared to the same period of 2025, primarily due to higher unit costs, offset by lower consumption volumes.”
10-Q · Jul 28, 2026 ↗
Legal and regulatory exposurenegative · 5 filings
“62 Corporate / Other — First Six Months of 2026 Compared with First Six Months of 2025 Financial results at Corporate/Other resulted in a $1 million increase in losses attributable to FE in the first six months of 2026, as compared to the same period of 2025,…”
10-Q · Jul 28, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.7× · EV/sales 1.7×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

43.40+0.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for FE. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for FE. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind FE

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

BHFBrighthouse Financial, Inc.partnerFeb 18, 2026 ▾

“FirstEnergy Corp., et al.”

GLPFiling-linked namecustomerJul 30, 2025 ▾

“er derivative lawsuit settlement received in the second quarter of 2024; • Lower customer usage as a result of the milder weather temperatures and lower weather-adjusted customer usage and demand; • The expected elimination of the 50 basis point ROE adder ass…”

Depended on by

AEPAmerican Electric Power Company, Inc.partnerJul 30, 2025 ▾

“Valley Link Investment (Applies to AEP and Transource Energy) In 2024, Transource Energy and affiliates of Dominion Energy and FirstEnergy formed Valley Link Transmission, LLC to participate in PJM’s 2024 Regional Transmission Expansion Plan competitive proce…”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

FE is currently a Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for FE; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.