Filing Flows › Firstenergy (FE) › Q4 2024
Firstenergy (FE) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
Firstenergy (FE) reported revenue of $3.2B for the fourth quarter 2024 (Q4 2024), +1% from a year earlier and -15% from the quarter before. Operating margin was 19.3%, net earnings $261M (8.2% of revenue).
Firstenergy, Q4 2024: revenue $3.2B (+1% year over year), operating margin 19.3%, net earnings $261M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | -15% | +1% |
| Operating profit | $613M | -16% | +8% |
| Net earnings | $261M | -38% | +49% |
| Operating cash flow | $1.0B | +35% | +9% |
What changed
Revenue was $3.2B in Q4 2024, up 1% year over year and down 15% from the previous quarter. Distribution services and retail generation was the largest line at 82% of revenue.
Operating profit was $0.61B, a 19.3% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 150% reached operating profit, above the 18% margin then. Total costs fell 1% while revenue rose 1%. Net earnings were $0.26B, up 49% year over year. The effective tax rate was 21.9%.
Operating cash flow was $1.0B (up 9% year over year), 353% of net income including minority interests. Non-cash charges added back $0.40B of depreciation. Working capital and other items added $0.34B. Capital expenditures of $1.3B exceeded it, leaving free cash flow of −$0.25B.
Questions
What was Firstenergy's revenue in the fourth quarter 2024?
Firstenergy (FE) reported revenue of $3.2B for the fourth quarter 2024 (Q4 2024), +1% from a year earlier and -15% from the quarter before.
Was Firstenergy profitable in the fourth quarter 2024?
Operating profit was $613M (19.3% of revenue) and net earnings $261M.
Source: Firstenergy 10-K on SEC EDGAR.