FirstEnergy Earnings Reports

FirstEnergy delivered a strong second quarter in 2025, with GAAP earnings of $268 million and Core Earnings of $0.52 per share, driven by new base rates and growth in transmission rate base. The company is on track to meet its full-year Core Earnings guidance, targeting the upper half of the range.

FirstEnergy delivered improved Q1 2025 financial results, supported by higher base rates, increased customer demand, and lower financing costs. The company reaffirmed its full-year guidance and advanced over $1 billion in customer-focused capital investments under its Energize365 program.

FirstEnergy posted Q4 2024 GAAP earnings of $261 million, or $0.45 per share, on revenue of $3.2 billion. Non-GAAP operating earnings came in at $0.67 per share, while Core EPS stood at $0.61 per share. The company benefited from higher revenue driven by rate base growth and cost efficiencies, but faced some headwinds from tax rates and lower Ohio distribution revenues.

FirstEnergy Corp. reported third quarter 2024 GAAP earnings from continuing operations of $419 million, or $0.73 per basic and diluted share, on revenue of $3.7 billion. Operating (non-GAAP) earnings for the third quarter of 2024 were $0.85 per share, within the company’s guidance range.

FirstEnergy Corp. reported second quarter 2024 GAAP earnings of $45 million, or $0.08 per share, on revenue of $3.3 billion. Operating (non-GAAP) earnings for the second quarter of 2024 were $0.56 per share, above the midpoint of the company’s guidance.

FirstEnergy Corp. reported first quarter 2024 GAAP earnings of $0.44 per share and operating (non-GAAP) earnings of $0.55 per share, exceeding the midpoint of guidance. The company's balance sheet was significantly strengthened by the closing of the $3.5 billion FET LLC transaction.

FirstEnergy Corp. reported Q4 2023 GAAP earnings from continuing operations of $175 million, or $0.30 per basic and diluted share, on revenue of $3.2 billion. Operating (non-GAAP) earnings were $0.62 per share, above the midpoint of the company’s guidance range.

FirstEnergy reported strong operational and financial performance in Q3 2023, with GAAP earnings from continuing operations of $0.74 per share and operating (non-GAAP) earnings of $0.88 per share. The company narrowed its full-year 2023 operating (non-GAAP) earnings guidance range to $2.49 to $2.59 per share and affirmed its long-term, 6% to 8% targeted annual operating earnings per share growth rate.

FirstEnergy Corp. reported second quarter 2023 GAAP earnings of $235 million, or $0.41 per share, on revenue of $3.0 billion. Operating (non-GAAP) earnings were $0.47 per share. The company reaffirmed its full-year 2023 operating (non-GAAP) earnings guidance and affirmed its long-term, 6% to 8% targeted annual operating earnings per share growth rate.

FirstEnergy reported first quarter 2023 GAAP earnings of $0.51 per share and operating (non-GAAP) earnings of $0.60 per share. The company updated its full-year GAAP earnings forecast and affirmed its operating guidance for 2023.

FirstEnergy Corp. reported a GAAP loss of $(403) million, or $(0.71) per basic and diluted share, on revenue of $3.2 billion for the fourth quarter of 2022. Operating (non-GAAP) earnings were $0.50 per share for the fourth quarter of 2022.

FirstEnergy Corp. reported third quarter 2022 GAAP earnings of $334 million, or $0.58 per basic and diluted share, on revenue of $3.5 billion. Operating (non-GAAP) earnings were $0.79 per share for the third quarter of 2022, at the top end of the company’s guidance range.

FirstEnergy Corp. reported second quarter 2022 GAAP earnings of $187 million, or $0.33 per basic and diluted share, on revenue of $2.8 billion. Operating (non-GAAP) earnings were $0.53 per share for the second quarter of 2022.

FirstEnergy Corp. reported a solid start to 2022 with GAAP earnings of $0.51 per share and operating earnings of $0.60 per share. The company is advancing its transformation plan, strengthening operations, and making sustainable investments.

FirstEnergy reported GAAP earnings of $427 million for Q4 2021, or $0.77 per share, on revenue of $2.7 billion. Operating (non-GAAP) earnings for the fourth quarter of 2021 were $0.51 per share, compared to $0.32 per share in the fourth quarter of 2020.

FirstEnergy reported third quarter GAAP earnings of $463 million, or $0.85 per basic and diluted share, on revenue of $3.1 billion. Operating (non-GAAP) earnings for the third quarter of 2021 were $0.82 per share, exceeding the top end of the company’s guidance range.

FirstEnergy Corp. reported second quarter 2021 GAAP earnings of $58 million, or $0.11 per share, on revenue of $2.6 billion. Operating (non-GAAP) earnings were $0.59 per share, exceeding the company's guidance range.

FirstEnergy Corp. reported first quarter 2021 GAAP earnings of $335 million, or $0.62 per basic and diluted share, on revenue of $2.7 billion. Operating (non-GAAP) earnings for the first quarter of 2021 were $0.69 per share, $0.02 per share above the midpoint of the company’s quarterly earnings guidance.

FirstEnergy reported GAAP earnings of $242 million for Q4 2020, or $0.45 per share, on revenue of $2.5 billion. Operating (non-GAAP) earnings for the fourth quarter of 2020 were $0.32 per share.

FirstEnergy Corp. reported third quarter 2020 GAAP earnings of $454 million, or $0.84 per share, on revenue of $3 billion. The company affirmed its 2020 earnings guidance and long-term growth projections.

FirstEnergy reported second quarter 2020 GAAP earnings of $309 million, or $0.57 per share, on revenue of $2.5 billion. The company affirmed its full-year 2020 GAAP earnings forecast and operating (non-GAAP) guidance, as well as its long-term growth rate projections.

FirstEnergy reported first quarter 2020 GAAP earnings of $74 million, or $0.14 per share, on revenue of $2.7 billion. Operating earnings were $0.66 per share, above the company's earnings guidance. The company is affirming its full-year operating (non-GAAP) guidance of $2.40 to $2.60 per share.

FirstEnergy reported a GAAP loss of $(111) million, or $(0.20) per share, on revenue of $2.7 billion for the fourth quarter of 2019. However, operating (non-GAAP) earnings increased to $0.55 per share, compared to $0.50 per share in the fourth quarter of 2018. The company affirms 2020 guidance and long-term growth projections.