FirstEnergy

Halal Rating :
Uncomfortable
Last Price $40.2
Market Cap $23.14b
1D Change

-0.43 %

1 Year Change

5.45 %

Next Earnings Date

Yet to be announced

Company Overview

FirstEnergy Corp. owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities. It operates 24,074 circuit miles of overhead and underground transmission lines; and electric distribution systems. The company serves approximately 6 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York.

Revenue Sources

Pass

Based on FirstEnergy's financial statements and regulatory filings, the company's primary revenue streams come from electricity transmission, distribution, and generation services. These are all halal business activities as they involve providing essential utility services to customers. The company does not derive significant revenue from any haram sources such as alcohol, gambling, or other prohibited activities.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $3.73b $3.24b - $241.0m 0.00% 7.43%
June 30, 2024 $3.28b $3.2b - $341.0m 0.00% 10.66%
March 31, 2024 $3.29b $2.95b - $275.0m 0.00% 9.32%
Dec. 31, 2023 $3.15b $2.85b - $268.0m 0.00% 9.42%

Analyzing the interest expense ratios for the past four quarters: The company's interest expenses relative to total expenses have been consistently material, averaging around 8-10% of total expenses across the examined periods. This level of interest expense indicates that interest plays a material role in the company's operations.

Operational Ethics

Pass

Based on available information from company disclosures and public sources, FirstEnergy does not appear to have significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in the United States, and there is no evidence of current material business relationships with Israel or the Chinese Communist Party.

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