FirstEnergy Q3 operating EPS $0.85 in line; narrows FY guidance to $2.61-$2.71, ups capex to $4.6B

FIRSTENERGY CORP

2024-Q3 EPS reported $1.24 revenue$10,296,000,000

Q3 GAAP EPS from continuing ops $0.73 (vs $0.74 YoY); operating (non-GAAP) EPS $0.85 (vs $0.88), within guidance.
Revenue $3.7B (+6% YoY); distribution deliveries up 2.5% (weather-adjusted flat); industrial demand +2.1%.
FY2024 operating EPS guidance narrowed to $2.61-$2.71 (from $2.61-$2.81); long-term 6-8% growth affirmed.
2024 capex raised $300M to $4.6B, a 24% increase over 2023 and part of $26B Energize365 plan.
Headwinds: higher storm costs, mild weather, Ohio ESP V order; offset by rate base growth, lower expenses.

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