FirstEnergy Q3 2022 Earnings Report
Key Takeaways
FirstEnergy Corp. reported third quarter 2022 GAAP earnings of $334 million, or $0.58 per basic and diluted share, on revenue of $3.5 billion. Operating (non-GAAP) earnings were $0.79 per share for the third quarter of 2022, at the top end of the company’s guidance range.
Third quarter 2022 GAAP earnings of $0.58 per share.
Operating (non-GAAP) earnings of $0.79 per share, at top end of guidance range.
Total distribution deliveries were flat compared to the third quarter of 2021.
Full-year 2022 operating (non-GAAP) earnings guidance range of $2.30 to $2.50 per share is affirmed.
FirstEnergy
FirstEnergy
Forward Guidance
FirstEnergy updated its full-year GAAP earnings forecast range to $1,145 million to $1,260 million, or $2.01 to $2.21 per share based on 571 million shares outstanding. It also affirmed its full-year 2022 operating (non-GAAP) earnings guidance range of $1,315 million to $1,430 million, or $2.30 to $2.50 per share based on 571 million shares outstanding and expects results in the upper half of that range, assuming normal weather.