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    FirstEnergy Corporation (FE)

    Official site

    UTILITIES • UTILITIES - REGULATED ELECTRIC • NYSE

    $45.55
    +0.14 (+0.30%)

    Market Cap: $26.36B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    74%(29/39)
    Avg Surprise
    +2.41%
    Streak
    2 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.94
    Range$0.90 - $1.00
    8 analysts
    EPS Revisions
    1
    0
    7d
    1
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.89+5.2%
    60d ago$0.94+0.7%
    30d ago$0.93+1.4%
    7d ago$0.93+1.2%
    Current$0.94
    Revenue Consensus
    $4.4B
    Range$4.2B - $4.4B
    4 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.58
    Range$0.54 - $0.62
    14 analysts
    Revenue Consensus
    $4.3B
    Range$3.1B - $5.5B
    9 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$0.58---
    Sep 26EST
    -$0.94---
    Jun 26
    Reported Jul 28
    $0.50$0.49+2.04%Beat-3.8%
    Mar 26
    Reported Apr 28
    $0.72$0.72+0.00%Beat+7.5%
    Dec 25
    Reported Feb 17
    $0.52$0.56-6.36%Miss-22.4%
    Sep 25
    Reported Oct 22
    $0.83$0.77+7.79%Beat-2.4%
    Jun 25
    Reported Jul 30
    $0.52$0.49+6.12%Beat-7.1%
    Mar 25
    Reported Apr 23
    $0.67$0.59+13.56%Beat+21.8%
    Dec 24
    Reported Feb 26
    $0.67$0.69-2.80%Miss+8.1%
    Sep 24
    Reported Oct 29
    $0.85$0.90-5.56%Miss-3.4%
    Jun 24
    Reported Jul 30
    $0.56$0.56+0.00%Beat+19.1%
    Mar 24
    Reported Apr 25
    $0.55$0.55+0.00%Beat-8.3%
    Dec 23
    Reported Feb 8
    $0.62$0.59+5.08%Beat+24.0%
    Sep 23
    Reported Oct 26
    $0.88$0.85+3.53%Beat+11.4%
    Jun 23
    Reported Aug 1
    $0.47$0.45+4.44%Beat-11.3%
    Mar 23
    Reported Apr 27
    $0.60$0.61-1.64%Miss+0.0%
    Dec 22
    Reported Feb 13
    $0.50$0.53-5.66%Miss-2.0%
    Sep 22
    Reported Oct 25
    $0.79$0.79+0.00%Beat-7.1%
    Jun 22
    Reported Jul 26
    $0.53$0.52+1.92%Beat-10.2%
    Mar 22
    Reported Apr 21
    $0.60$0.62-3.23%Miss-13.0%
    Dec 21
    Reported Feb 10
    $0.51$0.52-1.92%Miss+59.4%
    Sep 21
    Reported Oct 28
    $0.85$0.79+7.59%Beat+1.2%
    Jun 21
    Reported Jul 22
    $0.59$0.56+5.36%Beat+3.5%
    Mar 21
    Reported Apr 22
    $0.69$0.68+1.47%Beat+4.5%
    Dec 20
    Reported Feb 18
    $0.32$0.43-25.58%Miss-41.8%
    Sep 20
    Reported Nov 2
    $0.84$0.79+6.33%Beat+10.5%
    Jun 20
    Reported Jul 23
    $0.57$0.55+3.64%Beat-6.6%
    Mar 20
    Reported Apr 23
    $0.66$0.63+4.76%Beat-1.5%
    Dec 19
    Reported Feb 7
    $0.55$0.50+10.00%Beat+10.0%
    Sep 19
    Reported Nov 4
    $0.76$0.73+4.11%Beat-5.0%
    Jun 19
    Reported Jul 23
    $0.61$0.60+1.67%Beat-1.6%
    Mar 19
    Reported Apr 23
    $0.67$0.68-1.47%Miss+0.0%
    Dec 18
    Reported Feb 19
    $0.50$0.47+6.38%Beat-29.6%
    Sep 18
    Reported Oct 25
    $0.80$0.72+11.11%Beat-17.5%
    Jun 18
    Reported Jul 31
    $0.62$0.52+19.23%Beat+1.6%
    Mar 18
    Reported Apr 23
    $0.67$0.67+0.00%Beat-14.1%
    Dec 17
    Reported Feb 20
    $0.71$0.68+4.41%Beat+86.8%
    Sep 17
    Reported Oct 26
    $0.97$0.86+12.79%Beat-
    Jun 17
    Reported Jul 27
    $0.61$0.60+1.67%Beat-
    Mar 17
    Reported Apr 27
    $0.78$0.72+8.33%Beat-
    Dec 16
    Reported Feb 21
    $0.38$0.40-5.00%Miss-

    Dividends

    Dividend Metrics

    Forward Yield4.08%
    Forward Annual Dividend$1.86
    Payout Ratio33.74%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+4.10%
    5Y CAGR+2.44%

    Key Metrics

    Valuation
    P/E Ratio17.72EV/EBITDA13.20x
    Price/FCF-13.40xFCF Yield-7.46%
    Profitability
    Profit Margin6.94%Operating Margin19.30%
    ROE9.49%ROIC5.35%
    Financial Health
    Debt/Equity2.24xInterest Coverage2.54x
    Current Ratio0.54xQuick Ratio0.45x
    Trading Statistics
    Beta0.42Avg Volume4.39M
    52-Week High$51.3052-Week Low$42.60

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$44.72
    SMA 20$44.28
    SMA 50$45.63
    SMA 200$46.94
    EMA 10$44.91
    EMA 20$44.81
    EMA 50$45.44
    EMA 200$46.06

    MACD

    Line: -0.08Signal: -0.38Hist: 0.30

    ADX

    ADX: 25.6+DI: 25.7-DI: 18.9

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down48.0
    PSAR$44.09

    Bollinger Bands

    Upper Band$46.06
    Lower Band$42.51
    %B Position803%(Upper)
    Band Width0.85

    RSI (14-Day)

    Neutral
    58.1

    Momentum Oscillators

    Stoch %K86.3
    Stoch %D89.1
    Williams %R-14.7
    ROC (10d)5.0%
    Momentum2.15
    CCI (20d)114.1
    MFI (14d)76.0

    Volatility Measures

    ATR (14d)$0.71(1.6%)
    StdDev (20d)0.89
    Hist Vol14.7%(Low)

    Volume Flow

    VWAP$45.65
    OBV91.5M
    AD Line-3.0B
    CMF (20d)0.026

    Volume Metrics

    Avg Vol (20d)4.5M
    Vol Ratio1.2x
    VWMA (20d)$44.26

    Pivot Points

    R3$46.32
    R2$45.92
    R1$45.66
    Pivot Point$45.26
    S1$45.01
    S2$44.61
    S3$44.35

    Advanced Oscillators

    TSI-4.10
    Ultimate Osc61.5
    KST-28.48

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$3.68B$4.20B$3.80B$4.15B$3.38B$3.77B$3.18B$3.73B$3.28B$3.29B$3.15B$3.49B
    Cost of Revenue$1.31B$1.59B$1.37B$1.50B$1.12B$1.24B$1.00B$1.23B$1.00B$1.14B$1.03B$1.32B
    Gross Profit$2.37B$2.61B$2.42B$2.64B$2.26B$2.53B$2.17B$2.50B$2.27B$2.15B$2.11B$2.17B
    Operating Expenses$1.69B$1.78B$2.45B$1.81B$1.61B$1.77B$1.56B$1.78B$1.85B$1.53B$1.54B$1.50B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$1.17B$1.46B$1.12B$976.00M$995.00M$1.03B$769.00M$1.10B$1.17B$1.01B$881.00M$967.00M
    Operating Income$677.00M$828.00M$-24,000,000$830.00M$646.00M$754.00M$613.00M$727.00M$423.00M$612.00M$568.00M$666.00M
    Interest Income$0$0$0$0$0$0$-6,000,000$21.00M$22.00M$21.00M$41.00M$43.00M
    Interest Expense$285.00M$272.00M$264.00M$261.00M$281.00M$250.00M$239.00M$241.00M$341.00M$275.00M$268.00M$263.00M
    Income Before Tax$444.00M$604.00M$3.00M$610.00M$406.00M$540.00M$379.00M$560.00M$163.00M$402.00M$266.00M$470.00M
    Income Tax Expense$92.00M$138.00M$-4,000,000$78.00M$88.00M$126.00M$83.00M$94.00M$65.00M$135.00M$74.00M$29.00M
    Net Income$352.00M$466.00M$7.00M$532.00M$318.00M$414.00M$296.00M$466.00M$98.00M$267.00M$192.00M$420.00M
    EBITDA$1.20B$993.00M$604.00M$1.39B$1.05B$1.20B$873.00M$1.21B$969.00M$932.00M$855.00M$926.00M
    EBIT$729.00M$876.00M$267.00M$871.00M$687.00M$790.00M$624.00M$780.00M$482.00M$656.00M$493.00M$690.00M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $10.31M
    Gov Obligations / Revenue
    0.1%
    Obligations YoY
    -43.1%
    Active Awards
    27
    New Awards (TTM)
    10
    Avg Remaining Term
    52.3 mo

    Top agency: Department of the Treasury at 24.7% of trailing twelve month obligations across 7 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    70FA2026F00000004Department of Homeland SecurityFederal Emergency Management Agency$1.79MJan 22, 2026
    15BFTD26F00000045Department of JusticeFederal Prison System / Bureau of Prisons$477407Oct 1, 2025
    70FA4025F00000286Department of Homeland SecurityFederal Emergency Management Agency$285000Jul 21, 2025
    15B21626F00000004Department of JusticeFederal Prison System / Bureau of Prisons$282774Oct 1, 2025
    15B10726P00000137Department of JusticeFederal Prison System / Bureau of Prisons$135000Jul 1, 2026
    15B10726P00000111Department of JusticeFederal Prison System / Bureau of Prisons$110872Apr 1, 2026
    15B10726P00000050Department of JusticeFederal Prison System / Bureau of Prisons$85938Oct 1, 2025
    15B10726P00000067Department of JusticeFederal Prison System / Bureau of Prisons$84061Jan 1, 2026
    1331L526F13351117Department of CommerceOffice of the Secretary$48000Jul 29, 2026
    FA665625F0008Department of DefenseDepartment of the Air Force$0Sep 22, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    FE Valuation and Fair Value

    P/E
    17.7x
    Forward P/E
    14.8x
    EV/EBITDA
    13.2x
    P/FCF
    -13.4x
    PEG
    1.4x
    P/B
    2.0x
    See GNG's fair value

    FE Profitability: Margins, ROIC and FCF

    Gross margin
    63.5%
    Operating margin
    19.3%
    Net margin
    6.9%
    ROIC
    5.3%
    ROE
    9.5%
    FCF margin
    -12.4%
    FCF yield
    -7.5%

    FE Analyst Ratings

    Consensus
    Buy
    Analysts
    16
    Strong Buy
    4
    Buy
    5
    Hold
    7
    Sell
    0
    Strong Sell
    0

    FE Bull Case vs Bear Case

    Bear case

    • FE has a debt-to-equity ratio of 2.2x.

    FE Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    1.9%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.94
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 1 down

    FE Dividend

    Forward yield
    4.1%
    Payout ratio
    33.7%
    3Y DPS growth
    4.1%
    5Y DPS growth
    2.4%
    Pay months
    Mar, Jun, Sep, Dec
    FE dividend history

    Frequently Asked Questions About FE

    What is FE's current dividend yield?

    FirstEnergy Corporation (FE) has a forward dividend yield of 4.08%.

    Does FE pay dividends?

    Yes, FirstEnergy Corporation pays dividends with a forward dividend yield of 4.08%.

    What is FE's P/E ratio?

    FirstEnergy Corporation has a price-to-earnings (P/E) ratio of 17.72.

    What is FE's market cap?

    FirstEnergy Corporation (FE) has a market capitalization of $26.36B with a current stock price of $45.55.

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