secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTENERGY CORP (FE)
CIK:        0001031296
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001031296-23-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031296/000103129623000059/0001031296-23-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031296/000103129623000059/fe-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001031296-23-000059

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