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Jun 30, 2021
FirstEnergy Q2 2021 Earnings Report
Reported GAAP earnings and operating earnings above guidance, indicating a strong performance and progress in transforming FirstEnergy.
Key Takeaways
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.
Second quarter 2021 GAAP earnings were $58 million, or $0.11 per share.
Revenue for the second quarter of 2021 was $2.6 billion.
Operating (non-GAAP) earnings for the second quarter of 2021 were $0.59 per share, above the guidance range.
Total distribution deliveries increased 5.3% compared to the second quarter of 2020.
Forward Guidance
FirstEnergy is providing a GAAP and operating (non-GAAP) forecast range of $380 million to $435 million, or $0.70 to $0.80 per share based on 544 million shares outstanding for the third quarter of 2021. The company updated its full-year 2021 GAAP earnings forecast range to $1,000 million to $1,110 million, or $1.84 to $2.04 per share based on 544 million shares outstanding and reaffirmed its full-year 2021 operating (non-GAAP) earnings guidance of $2.40 to $2.60 per share, with expectations to be in the top half of that range.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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