FirstEnergy Q2 operating EPS $0.56, above guidance; reaffirms FY24 outlook

FIRSTENERGY CORP

2024-Q2 EPS reported $0.52 revenue$6,567,000,000

Operating EPS $0.56, up 19% YoY and above midpoint of $0.46-$0.56 guidance.
GAAP EPS $0.08 vs $0.41 YoY; included $0.28 asset retirement obligation charge.
Revenue $3.3B vs $3.0B YoY; weather-adjusted distribution deliveries up 3%.
Affirms FY24 operating EPS guidance $2.61-$2.81 and 6-8% long-term growth target.
Final $1.2B from FET transaction deployed; progressing SEC and Ohio AG settlements.

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