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Mar 31, 2021
FirstEnergy Q1 2021 Earnings Report
Reported GAAP earnings and affirmed guidance.
Key Takeaways
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.
First quarter results reflect strategies to modernize and enhance distribution and transmission systems.
Focused on unlocking opportunities to enhance the company for all stakeholders.
Executing FE Forward to capitalize on potential, deliver long-term value, and achieve near-term financial flexibility.
Affirming full-year 2021 operating (non-GAAP) earnings guidance of $2.40 to $2.60 per share.
Forward Guidance
For the second quarter of 2021, FirstEnergy is providing a GAAP and operating (non-GAAP) earnings forecast range of $260 million to $315 million, or $0.48 to $0.58 per share based on 544 million shares outstanding. In addition, FirstEnergy is updating its full-year 2021 GAAP earnings forecast range to $1,270 million to $1,380 million, or $2.33 to $2.53 per share based on 544 million shares outstanding. The company is affirming its full-year 2021 operating (non-GAAP) earnings 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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