FirstEnergy Corp. (FE)
- Reuters
Public Service Enterprise's first-quarter profit drags as interest cost weighs
Public Service Enterprise Group posted a fall in first-quarter profit on Tuesday, as higher interest expenses and unfavorable weather weighed on the electric and gas utility. Interest rates in the U.S. have hit multi-decadal highs since the Federal Reserve began hiking rates last year, leading to higher borrowing costs. The Newark, New Jersey-based company's operating and maintenance costs, which include restoration costs due to bad weather, rose 5.4%, while interest expenses climbed about 13.8% to $205 million in the first quarter.
- Simply Wall St.
FirstEnergy (NYSE:FE) Has Announced That It Will Be Increasing Its Dividend To $0.425
FirstEnergy Corp. ( NYSE:FE ) has announced that it will be increasing its dividend from last year's comparable payment...
- GuruFocus.com
FirstEnergy Corp (FE) (Q1 2024) Earnings Call Transcript Highlights: Navigating Financial ...
Amidst earnings adjustments and strategic realignments, FirstEnergy confirms steady guidance and capital expenditure growth.
