FirstEnergy Q1 operating EPS $0.55 above midpoint; affirms FY2024 outlook

FIRSTENERGY CORP

2024-Q1 EPS reported $0.44 revenue$3,287,000,000

GAAP EPS $0.44 vs $0.51 YoY; operating (non-GAAP) EPS $0.55 vs $0.60, above Q1 guidance midpoint.
Revenue $3.3B vs $3.2B; distribution deliveries up 1.5%; weather improved but still 14% below normal.
Affirms FY2024 operating EPS guidance $2.61-$2.81 and long-term 6-8% annual EPS growth target.
Q2 2024 operating EPS guidance $0.50-$0.60 on 576M shares.
Closed $3.5B FET LLC transaction, boosted equity 25%; received Moody's and S&P credit upgrades.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

FIRSTENERGY CORP reported first quarter 2024 results: revenue $3.3 billion, net income $253 million, EPS $0.44. Guidance reaffirmed.

Period: first quarter 2024
Revenue: $3.3 billion
Net income: $253 million
EPS: $0.44
Guidance: reaffirmed
Result: reported results

Exact text from the filing

FirstEnergy Corp. (NYSE: FE) today reported first quarter 2024 GAAP earnings of $253 million, or $0.44 per basic and diluted share, on revenue of $3.3 billion.

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Source: SEC EDGAR

accession 0001031296-24-000024

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