secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTENERGY CORP (FE)
CIK:        0001031296
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001031296-23-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031296/000103129623000030/0001031296-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031296/000103129623000030/fe-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001031296-23-000030

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