FirstEnergy Q2 GAAP EPS $0.41, op EPS $0.47; reaffirms FY guidance, 6-8% growth target

FIRSTENERGY CORP

2023-Q2 EPS reported $0.92 revenue$6,237,000,000

Q2 GAAP EPS $0.41 ($235M) on revenue $3.0B, vs $0.33 ($187M) on $2.8B YoY.
Operating (non-GAAP) EPS $0.47, at upper end of guidance, down from $0.53 YoY.
Full-year 2023 operating EPS guidance reaffirmed at $2.44–$2.64; Q3 guidance $0.80–$0.90 per share.
Regulated Transmission rate base +8.2% YoY; distribution deliveries down 4.9% due to mild weather.
Long-term annual operating EPS growth target of 6–8% affirmed.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRSTENERGY CORP reported second quarter 2023 results: revenue $3.0 billion, net income $235 million, EPS $0.41 per basic and diluted share. Guidance reaffirmed.

Period: second quarter 2023
Revenue: $3.0 billion
Net income: $235 million
EPS: $0.41 per basic and diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

FirstEnergy Corp. (NYSE: FE) today reported second quarter 2023 GAAP earnings of $235 million, or $0.41 per basic and diluted share, on revenue of $3.0 billion.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRSTENERGY CORP reported first half of 2023 results: revenue $6.2 billion, net income $527 million, EPS $0.92 per basic and diluted share. Guidance reaffirmed.

Period: first half of 2023
Revenue: $6.2 billion
Net income: $527 million
EPS: $0.92 per basic and diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

For the first half of 2023, FirstEnergy reported GAAP earnings of $527 million, or $0.92 per basic and diluted share, on revenue of $6.2 billion.

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Source: SEC EDGAR

accession 0001031296-23-000053

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