---
schema_version: "secwatch.filing_event.v1"
accession: "0001031296-23-000059"
form_type: "8-K"
ticker: "FE"
cik: "0001031296"
company_name: "FIRSTENERGY CORP"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T07:37:47.161738+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FirstEnergy Q3 operating EPS $0.88 beats upper end; narrows FY2023 guidance to $2.49-$2.59

## Summary
- 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.

## SEC filing metadata
- accession: 0001031296-23-000059
- form_type: 8-K
- ticker: FE
- cik: 0001031296
- company_name: FIRSTENERGY CORP
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000059/0001031296-23-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000059/fe-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031296-23-000059
- JSON: https://secwatch.observer/filing/0001031296-23-000059.json
- Plain text: https://secwatch.observer/filing/0001031296-23-000059.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000059/0001031296-23-000059-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000059/0001031296-23-000059-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000059/0001031296-23-000059-index.htm
- Earnings Releases
  FIRSTENERGY CORP updated its Long-term annual guidance (reaffirmed).
  - Period: Long-term annual
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000059/0001031296-23-000059-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000059/0001031296-23-000059-index.htm
- Earnings Releases
  FIRSTENERGY CORP reported FY 2023 results: EPS 2.49-2.59.
  - Period: FY 2023
  - EPS: 2.49-2.59
  - Result: guidance update
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000059/0001031296-23-000059-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000059/0001031296-23-000059-index.htm

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