secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTENERGY CORP (FE)
CIK:        0001031296
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001031296-24-000054
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031296/000103129624000054/0001031296-24-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031296/000103129624000054/fe-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001031296-24-000054

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