8-K
filed October 26, 2023, 7:59 PM ET
ticker FE
CIK 0001031296
earnings
confidence high
sentiment positive
materiality 0.75
FirstEnergy Q3 operating EPS $0.88 beats upper end; narrows FY2023 guidance to $2.49-$2.59
FIRSTENERGY CORP
2023-Q3 EPS reported
$1.61
revenue$9,724,000,000
- GAAP EPS from continuing ops $0.74 vs $0.58 YoY; revenue flat at $3.5B.
- Operating (non-GAAP) EPS $0.88 vs $0.79 YoY, driven by lower opex and regulated investment growth.
- FY2023 operating guidance narrowed to $2.49-$2.59 from $2.44-$2.64; Q4 guidance $0.55-$0.65.
- Regulated Transmission rate base up >8% YoY; weather-adjusted distribution deliveries up 1.2%.
- Special items include $0.07 enhanced retirement costs, $0.03 investigation costs, $0.02 regulatory charges.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FIRSTENERGY CORP reported 9M 2023 results: revenue 9.7 billion, net income 948 million, EPS 1.66.
- Period
- 9M 2023
- Revenue
- 9.7 billion
- Net income
- 948 million
- EPS
- 1.66
- Result
- reported results
Exact text from the filing
For the first nine months of 2023, FirstEnergy reported GAAP earnings from continuing operations of $948 million, or $1.66 per basic share ($1.65 diluted), on revenue of $9.7 billion.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FIRSTENERGY CORP reported Q4 2023 results: net income 315-375 million, EPS 0.55-0.65. Guidance initiated.
- Period
- Q4 2023
- Net income
- 315-375 million
- EPS
- 0.55-0.65
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
the company is providing a guidance range of $315 million to $375 million, or $0.55 to $0.65 per share for the fourth quarter of 2023, based on 574 million shares outstanding.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FIRSTENERGY CORP reported 9M 2022 results: revenue 9.3 billion, net income 809 million, EPS 1.42.
- Period
- 9M 2022
- Revenue
- 9.3 billion
- Net income
- 809 million
- EPS
- 1.42
- Result
- reported results
Exact text from the filing
This compares to GAAP earnings of $809 million, or $1.42 per basic share ($1.41 diluted), on revenue from continuing operations of $9.3 billion in the first nine months of 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FIRSTENERGY CORP updated its Long-term annual guidance (reaffirmed).
- Period
- Long-term annual
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
The company also affirmed its long-term, 6% to 8% targeted annual operating earnings per share growth rate, which is based off the previous year’s operating earnings guidance midpoint.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FIRSTENERGY CORP reported Q3 2023 results: revenue 3.5 billion, net income 421 million, EPS 0.74.
- Period
- Q3 2023
- Revenue
- 3.5 billion
- Net income
- 421 million
- EPS
- 0.74
- Result
- reported results
Exact text from the filing
FirstEnergy Corp. (NYSE: FE) today reported third quarter 2023 GAAP earnings from continuing operations of $421 million, or $0.74 per basic share ($0.73 diluted), on revenue of $3.5 billion.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FIRSTENERGY CORP reported FY 2023 results: EPS 2.49-2.59.
- Period
- FY 2023
- EPS
- 2.49-2.59
- Result
- guidance update
Exact text from the filing
FirstEnergy narrowed its full-year 2023 operating (non-GAAP) earnings guidance range to $2.49 to $2.59 per share based on 573 million shares outstanding, from its original range of $2.44 to $2.64 per share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FIRSTENERGY CORP reported Q3 2022 results: revenue 3.5 billion, net income 334 million, EPS 0.58.
- Period
- Q3 2022
- Revenue
- 3.5 billion
- Net income
- 334 million
- EPS
- 0.58
- Result
- reported results
Exact text from the filing
In the third quarter of 2022, the company reported GAAP earnings from continuing operations of $334 million, or $0.58 per basic and diluted share, on revenue of $3.5 billion.
View on SEC.gov
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