FIRSTENERGY (FE) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter remained essentially unchanged compared to the immediately preceding quarter, but showed a notable increase from the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter remained essentially unchanged compared to the immediately preceding quarter, but showed a notable increase from the same quarter one year earlier.
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
-0.2%
Change from the immediately preceding quarter.
Year-over-year
+9.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.2B
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 |
|---|---|---|
| Sep 30, 2023 | $3.5B | +0.3% |
| Dec 31, 2023 | $3.1B | -1.0% |
| Mar 31, 2024 | $3.3B | +1.7% |
| Jun 30, 2024 | $3.3B | +9.1% |
Revenue performance
Sequential revenue was nearly flat, reflecting a stable near-term operating trend, while the year-over-year improvement indicates stronger performance relative to the prior year.
Quarterly comparison
Revenue dipped only negligibly from the prior quarter but posted a substantial gain compared to the same period a year ago, underscoring divergent short-term and longer-term movements.
What to watch
Watch whether the sequential stability persists in upcoming quarters, particularly in light of the strong year-over-year performance.