FIRSTENERGY (FE) Revenue — Quarter Ended Mar 31, 2024
FirstEnergy's revenue increased in the first quarter, rising from both the prior quarter and the same period a year earlier. The sequential improvement reversed the decline seen in the preceding quarter.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
FirstEnergy's revenue increased in the first quarter, rising from both the prior quarter and the same period a year earlier. The sequential improvement reversed the decline seen in the preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
+4.5%
Change from the immediately preceding quarter.
Year-over-year
+1.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $3B | +6.7% |
| Sep 30, 2023 | $3.5B | +0.3% |
| Dec 31, 2023 | $3.1B | -1.0% |
| Mar 31, 2024 | $3.3B | +1.7% |
Revenue performance
Revenue grew sequentially, reversing the prior quarter's decline, and also grew year-over-year. The company's top line showed improvement compared to recent trends.
Quarterly comparison
Compared to the previous quarter, revenue increased; compared to the same quarter last year, revenue also increased.
What to watch
Whether this revenue growth can be sustained in coming quarters will be a key point of interest.