earnings
confidence high
sentiment positive
materiality 0.65
FirstEnergy Q3 GAAP EPS $0.58, operating EPS $0.79 at top of guidance; reaffirms FY2022 upper-half outlook
FIRSTENERGY CORP
2022-Q3 EPS reported
$1.41
revenue$9,282,000,000
- Q3 GAAP earnings $334M ($0.58/sh) vs $463M ($0.85) a year ago; revenue $3.5B vs $3.1B.
- Operating (non-GAAP) EPS $0.79, at top end of guidance; compares to $0.82 prior year and $0.68 pro forma.
- Full-year GAAP EPS guidance updated to $2.01-$2.21; operating EPS reaffirmed at $2.30-$2.50, expected in upper half.
- Special items include $0.16 regulatory charges, $0.03 investigation costs; year-to-date debt-related costs $0.22.
- Transmission investments driven by 'Energizing the Future' program; distribution deliveries flat YoY.