secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTENERGY CORP (FE)
CIK:        0001031296
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001031296-23-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031296/000103129623000012/0001031296-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031296/000103129623000012/fe-20230213.htm
  HTML page:      https://secwatch.observer/filing/0001031296-23-000012

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