---
schema_version: "secwatch.filing_event.v1"
accession: "0001031296-23-000012"
form_type: "8-K"
ticker: "FE"
cik: "0001031296"
company_name: "FIRSTENERGY CORP"
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T15:22:16.633144+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001031296-23-000012
- form_type: 8-K
- ticker: FE
- cik: 0001031296
- company_name: FIRSTENERGY CORP
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000012/0001031296-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000012/fe-20230213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031296-23-000012
- JSON: https://secwatch.observer/filing/0001031296-23-000012.json
- Plain text: https://secwatch.observer/filing/0001031296-23-000012.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000012/0001031296-23-000012-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000012/0001031296-23-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.