FirstEnergy FY2022 operating EPS $2.41 beats midpoint; guides FY23 $2.44-$2.64; new dividend payout 60-70%

FIRSTENERGY CORP

2022-FY EPS reported $0.71 revenue$12,459,000,000

Full year 2022 GAAP earnings $0.71 per share; operating (non-GAAP) EPS $2.41, above midpoint of guidance.
Revenue $12.5B, up 12.6% YoY from $11.1B; distribution deliveries up 1.5%.
Q4 2022 GAAP loss $(0.71)/share on $3.2B revenue; operating EPS $0.50.
Provides FY2023 operating EPS guidance $2.44-$2.64; Q1 2023 $0.56-$0.66.
New dividend policy targets 60-70% payout ratio; expects to resume dividend growth later this year.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRSTENERGY CORP reported full year 2022 results: revenue $12.5 billion, net income $406 million, EPS $0.71 per basic and diluted share. Guidance initiated.

Period: full year 2022
Revenue: $12.5 billion
Net income: $406 million
EPS: $0.71 per basic and diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

FirstEnergy Corp. (NYSE: FE) today reported full year 2022 GAAP earnings of $406 million, or $0.71 per basic and diluted share, on revenue of $12.5 billion.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRSTENERGY CORP reported the fourth quarter of 2022 results: revenue $3.2 billion, net income $(403) million, EPS $(0.71) per basic and diluted share. Guidance initiated.

Period: the fourth quarter of 2022
Revenue: $3.2 billion
Net income: $(403) million
EPS: $(0.71) per basic and diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

In the fourth quarter of 2022, FirstEnergy reported a GAAP loss of $(403) million, or $(0.71) per basic and diluted share, on revenue of $3.2 billion.

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FIRSTENERGY CORP filing history →

Source: SEC EDGAR

accession 0001031296-23-000012

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