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Mar 31, 2020
FirstEnergy Q1 2020 Earnings Report
FirstEnergy's first quarter GAAP earnings decreased due to non-cash mark-to-market adjustment, but operating earnings per share exceeded guidance midpoint.
Key Takeaways
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.
First quarter 2020 GAAP earnings were $74 million, or $0.14 per share.
Revenue for the first quarter was $2.7 billion.
Operating earnings for the first quarter were $0.66 per share, exceeding guidance.
Full-year operating (non-GAAP) guidance affirmed at $2.40 to $2.60 per share.
Forward Guidance
FirstEnergy is providing a GAAP and operating (non-GAAP) forecast range of $260 million to $315 million, or $0.48 to $0.58 per share for the second quarter of 2020. For 2020, FirstEnergy is updating its full-year GAAP earnings forecast range to $1.02 billion to $1.13 billion, or $1.88 to $2.08 per share. The company is affirming its full-year operating (non-GAAP) guidance of $2.40 to $2.60 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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