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Mar 31, 2023
FirstEnergy Q1 2023 Earnings Report
Reported first quarter GAAP and non-GAAP earnings, updated full-year GAAP forecast, and affirmed 2023 operating guidance.
Key Takeaways
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.
First quarter 2023 GAAP earnings were $0.51 per share.
Operating (non-GAAP) earnings were $0.60 per share in the first quarter of 2023.
Full-year 2023 GAAP earnings forecast updated to $2.35 to $2.55 per share.
Operating (non-GAAP) guidance range affirmed at $2.44 to $2.64 per share for 2023.
Forward Guidance
FirstEnergy updated its full-year 2023 GAAP earnings forecast to $1,350 million to $1,465 million, or $2.35 to $2.55 per share and affirmed its operating (non-GAAP) guidance range of $2.44 to $2.64 per share. In addition, the company is providing a guidance range of $230 million to $285 million, or $0.40 to $0.50 per share for the second quarter of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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