---
schema_version: "secwatch.filing_event.v1"
accession: "0001031296-23-000030"
form_type: "8-K"
ticker: "FE"
cik: "0001031296"
company_name: "FIRSTENERGY CORP"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T07:46:01.137496+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FirstEnergy Q1 GAAP EPS $0.51, operating EPS $0.60; affirms 2023 guidance

## Summary
- Q1 GAAP earnings $292M ($0.51/share) vs $288M ($0.51) YoY; revenue $3.2B vs $3.0B.
- Operating EPS $0.60, in line with midpoint guidance; special items total $0.09/share.
- Mild winter weather reduced earnings by $0.12/share vs Q1 2022; weather-adjusted residential sales up >5%.
- Regulated transmission investments ~$350M in Q1, up 60% YoY; full-year operating guidance $2.44-$2.64 reaffirmed.
- Brian Tierney to become President & CEO effective June 1, succeeding interim CEO John Somerhalder.

## SEC filing metadata
- accession: 0001031296-23-000030
- form_type: 8-K
- ticker: FE
- cik: 0001031296
- company_name: FIRSTENERGY CORP
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000030/0001031296-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000030/fe-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031296-23-000030
- JSON: https://secwatch.observer/filing/0001031296-23-000030.json
- Plain text: https://secwatch.observer/filing/0001031296-23-000030.txt

## Key facts
- Earnings Releases
  FIRSTENERGY CORP reported the three months ended March 31, 2023 results: revenue $3.2 billion, net income $292 million, EPS $0.51 per basic and diluted share. Guidance reaffirmed.
  - Period: the three months ended March 31, 2023
  - Revenue: $3.2 billion
  - Net income: $292 million
  - EPS: $0.51 per basic and diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: FirstEnergy Corp. (NYSE: FE) today reported first quarter 2023 GAAP earnings of $292 million, or $0.51 per basic and diluted share, on revenue of $3.2 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000030/0001031296-23-000030-index.htm

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