FirstEnergy Q3 2021 Earnings Report
Key Takeaways
FirstEnergy reported third quarter GAAP earnings of $463 million, or $0.85 per basic and diluted share, on revenue of $3.1 billion. Operating (non-GAAP) earnings for the third quarter of 2021 were $0.82 per share, exceeding the top end of the company’s guidance range.
Third quarter 2021 GAAP earnings were $463 million, or $0.85 per share.
Revenue for the quarter was $3.1 billion.
Operating (non-GAAP) earnings were $0.82 per share, exceeding guidance.
The company remediated the material weakness in internal controls associated with tone at the top.
FirstEnergy
FirstEnergy
Forward Guidance
FirstEnergy updated its full-year 2021 GAAP earnings forecast range to $1.17 billion to $1.22 billion, or $2.14 to $2.24 per share based on 544 million shares outstanding, and raised and narrowed its full-year operating (non-GAAP) earnings guidance to $2.55 to $2.65 per share.