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Mar 31, 2022
FirstEnergy Q1 2022 Earnings Report
FirstEnergy reported GAAP earnings of $0.51 per share and operating (non-GAAP) earnings of $0.60 per share, aligning with guidance midpoint.
Key Takeaways
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.
First quarter GAAP earnings were $0.51 per share.
Operating (non-GAAP) earnings were $0.60 per share, at the midpoint of guidance.
Total distribution deliveries increased 3.6% compared to Q1 2021.
The company is updating its full-year 2022 GAAP earnings forecast range to $2.37 to $2.57 per share.
Forward Guidance
For the second quarter of 2022, FirstEnergy is providing a GAAP and operating (non-GAAP) earnings forecast range of $265 million to $320 million, or $0.46 to $0.56 per share, based on 571 million shares outstanding. FirstEnergy also affirmed its full-year 2022 operating (non-GAAP) earnings guidance range of $1,315 million to $1,430 million, or $2.30 to $2.50 per share based on 571 million shares outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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