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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.73B | 13.7% |
| Gross Profit | 3.53B | 392.7% |
| Cost of Revenue | 201M | 92.2% |
| Operating expense | 1.16B | 296.2% |
| Net Income | 419M | 327.6% |
| EBITDA | 1.24B | 52.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 50.8B | 0% |
| Total Liabilities | 37.1B | 0% |
| Total Equity | 12.4B | 0% |
| Shares Outstanding | 576M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 866M | 783.7% |
| Cash from investing | -1B | 0% |
| Cash from financing | 672M | 173.8% |
EPS
Financial Highlights for FirstEnergy in Q3 '24
FirstEnergy reported a revenue of 3.73B, which is a 13.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 3.53B, marking a 392.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 201M, a -92.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.16B, showing a 296.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 419M, showing a 327.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.24B, showing a 52.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for FirstEnergy with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
