FirstEnergy Q2 GAAP EPS $0.33, operating EPS $0.53 at top end; FET sale nets $2.4B, $2.5B debt retired

FIRSTENERGY CORP

2022-Q2 EPS reported $0.83 revenue$5,807,000,000

Q2 GAAP EPS $0.33 vs $0.11 YoY; operating (non-GAAP) EPS $0.53, at upper end of guidance range.
Closed minority sale of FirstEnergy Transmission LLC for $2.4B; proceeds retired over $2.5B debt YTD.
Full-year 2022 operating EPS guidance affirmed at $2.30-$2.50; Q3 guidance $0.70-$0.80 per share.
Targeting ~13% FFO/Debt in 2023, one year ahead of schedule; balance sheet strengthening.

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