Discontinued — last reported Q1 '24
Utilities and Transmission Companies — Total interest expense
FirstEnergy Utilities and Transmission Companies — Total interest expense decreased by 28.4% to $116.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 20.5%, from $146.00M to $116.00M. Over 2 years (FY 2021 to FY 2023), Utilities and Transmission Companies — Total interest expense shows an upward trend with a 8.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Rising interest expense relative to operating income may signal increased financial leverage or higher costs of capital.
Detailed definition
The total cost of debt financing incurred by the utility segment during the period. This includes interest on long-term...
Peer comparison
Standard 'Interest Expense' found in all corporate income statements.
fe_segment_utilities_and_transmission_companies_total_interest_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $131.00M | $133.00M | $131.00M | $129.00M | $128.00M | $132.00M | $137.00M | $146.00M | $151.00M | $159.00M | $162.00M | $116.00M |
| QoQ Change | — | +1.5% | -1.5% | -1.5% | -0.8% | +3.1% | +3.8% | +6.6% | +3.4% | +5.3% | +1.9% | -28.4% |
| YoY Change | — | — | — | — | -2.3% | -0.8% | +4.6% | +13.2% | +18.0% | +20.5% | +18.2% | -20.5% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is FirstEnergy's utilities and transmission companies — total interest expense?
- FirstEnergy (FE) reported utilities and transmission companies — total interest expense of $116.00M in Q1 2024.
- How has FirstEnergy's utilities and transmission companies — total interest expense changed year-over-year?
- FirstEnergy's utilities and transmission companies — total interest expense decreased by 20.5% year-over-year, from $146.00M to $116.00M.
- What is the long-term trend for FirstEnergy's utilities and transmission companies — total interest expense?
- Over 2 years (2021 to 2023), FirstEnergy's utilities and transmission companies — total interest expense has grown at a 8.7% compound annual growth rate (CAGR), from $523.00M to $618.00M.
- What does utilities and transmission companies — total interest expense mean?
- The total interest costs paid on the utility segment's debt.