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Sep 30, 2021
FirstEnergy Q3 2021 Earnings Report
FirstEnergy announced third quarter 2021 financial results and remediated material weakness in internal controls associated with tone at the top.
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.
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.
Historical Earnings Impact
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