FirstEnergy Q4 2019 Earnings Report
Key Takeaways
FirstEnergy reported a GAAP loss of $(111) million, or $(0.20) per share, on revenue of $2.7 billion for the fourth quarter of 2019. However, operating (non-GAAP) earnings increased to $0.55 per share, compared to $0.50 per share in the fourth quarter of 2018. The company affirms 2020 guidance and long-term growth projections.
FirstEnergy reported a GAAP loss of $(111) million, or $(0.20) per share, for Q4 2019.
Q4 2019 revenue was $2.7 billion, consistent with Q4 2018.
Operating (non-GAAP) earnings for Q4 2019 were $0.55 per share, up from $0.50 per share in Q4 2018.
The company is affirming its long-term growth rate projections.
FirstEnergy
FirstEnergy
Forward Guidance
FirstEnergy is updating its full-year GAAP earnings forecast range to $900 million to $1.41 billion, or $1.66 to $2.60 per share, based on 542 million shares. The company is affirming its full-year operating (non-GAAP) guidance of $2.40 to $2.60 per share. For the first quarter of 2020, FirstEnergy is providing a GAAP forecast ranging from a loss of $(75) million to earnings of $380 million, or $(0.14) to $0.70 per share based on 542 million shares outstanding. The company is also introducing operating (non-GAAP) guidance of $0.60 to $0.70 per share for the period.