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Sep 30, 2023
FirstEnergy Q3 2023 Earnings Report
Reported GAAP earnings from continuing operations and operating (non-GAAP) earnings, narrowed 2023 operating guidance, and affirmed targeted long-term annual operating earnings per share growth rate.
Key Takeaways
FirstEnergy reported strong operational and financial performance in Q3 2023, with GAAP earnings from continuing operations of $0.74 per share and operating (non-GAAP) earnings of $0.88 per share. The company narrowed its full-year 2023 operating (non-GAAP) earnings guidance range to $2.49 to $2.59 per share and affirmed its long-term, 6% to 8% targeted annual operating earnings per share growth rate.
FirstEnergy is focused on investing in regulated businesses, employees, and systems.
The company delivered strong operational and financial performance.
FirstEnergy is building momentum for the future.
Total weather-adjusted distribution deliveries increased 1.2% compared to the third quarter of 2022.
Forward Guidance
FirstEnergy narrowed its full-year 2023 operating (non-GAAP) earnings guidance range to $2.49 to $2.59 per share based on 573 million shares outstanding, from its original range of $2.44 to $2.64 per share. In addition, the company is providing a guidance range of $315 million to $375 million, or $0.55 to $0.65 per share for the fourth quarter of 2023, based on 574 million shares outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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