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FirstEnergy
🇺🇸 NYSE:FE
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Sep 30, 2020

FirstEnergy Q3 2020 Earnings Report

Reported strong third quarter results driven by employee resilience and focus on customer service amidst leadership transition.

Key Takeaways

FirstEnergy Corp. reported third quarter 2020 GAAP earnings of $454 million, or $0.84 per share, on revenue of $3 billion. The company affirmed its 2020 earnings guidance and long-term growth projections.

Third quarter 2020 GAAP earnings were $454 million, or $0.84 per share.

Third quarter operating (non-GAAP) earnings were $0.84 per share, above guidance.

Full-year 2020 GAAP earnings forecast updated to $700 million to $1.16 billion, or $1.29 to $2.14 per share.

Affirmed full-year operating (non-GAAP) earnings guidance of $2.40 to $2.60 per share.

Total Revenue
$3B
Previous year: $2.96B
+1.2%
EPS
$0.84
Previous year: $0.76
+10.5%
Gross Profit
$2.16B
Previous year: $2.04B
+5.5%
Cash and Equivalents
$260M
Previous year: $716M
-63.7%
Total Assets
$42.9B
Previous year: $41.5B
+3.5%

FirstEnergy

FirstEnergy

Forward Guidance

FirstEnergy updated its full-year 2020 GAAP earnings forecast range to $700 million to $1.16 billion, or $1.29 to $2.14 per share and affirmed its full-year operating (non-GAAP) earnings guidance of $2.40 to $2.60 per share. The company also affirmed its long-term growth rate projections.

Company Overview

Full financial data and analysis

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