FirstEnergy (FE) Tops Q3 EPS by 11c; Boosts FY16 EPS Outlook

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Go back to FirstEnergy (FE) Tops Q3 EPS by 11c; Boosts FY16 EPS Outlook

FirstEnergy Announces Third Quarter Financial Results

November 4, 2016 7:30 AM EDT

AKRON, Ohio, Nov. 4, 2016 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported third quarter 2016 GAAP earnings of $380 million, or $0.89 per basic and diluted share of common stock, on revenue of $3.9 billion.  Operating (non-GAAP) earnings* for the third quarter of 2016 were $0.90 per basic share of common stock. 

These results compare to third quarter of 2015 GAAP earnings of $395 million, or $0.94 per basic share of common stock ($0.93 diluted), on revenue of $4.1 billion. Operating (non-GAAP) earnings for the third quarter of 2015 were $0.98 per basic share of common stock.

"Our results for the third... More

FirstEnergy Continues Tree Trimming Program in The Illuminating Company Service Area

November 3, 2016 3:10 PM EDT

AKRON, Ohio, Nov. 3, 2016 /PRNewswire/ -- To help enhance service reliability for customers, FirstEnergy Corp. (NYSE: FE) continues to conduct tree trimming work in communities across The Illuminating Company's northeast Ohio service area to maintain proper clearances around electrical equipment and help protect against tree-related outages.

Since the beginning of the year, contractors have trimmed trees along more than 1,500 miles of distribution and transmission lines in The Illuminating Company service area as part of the company's more than $15 million vegetation management program for 2016, with an additional 500 miles expected to be completed by... More

FirstEnergy Continues Tree Trimming Program in Ohio Edison Service Area

November 3, 2016 3:10 PM EDT

AKRON, Ohio, Nov. 3, 2016 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) continues to conduct tree trimming and other vegetation management work in communities across Ohio Edison's 34-county service area in Ohio to maintain proper clearances around electrical equipment and help protect against tree-related outages.

Since the beginning of the year, contractors have trimmed trees along approximately 3,500 miles of distribution and transmission lines in the Ohio Edison service area as part of the company's $22.8 million vegetation management program for 2016, with an additional 600 miles expected to be completed by year-end. ... More