FirstEnergy Q4 2021 Earnings Report
Key Takeaways
FirstEnergy reported GAAP earnings of $427 million for Q4 2021, or $0.77 per share, on revenue of $2.7 billion. Operating (non-GAAP) earnings for the fourth quarter of 2021 were $0.51 per share, compared to $0.32 per share in the fourth quarter of 2020.
FirstEnergy reported GAAP earnings of $0.77 per share for the fourth quarter of 2021.
Operating (non-GAAP) earnings for the fourth quarter of 2021 were $0.51 per share.
Total distribution deliveries for the fourth quarter of 2021 increased 1.1% compared to the fourth quarter of 2020.
FirstEnergy updated its full year 2022 GAAP earnings guidance range to $2.41 to $2.61 per share, and affirmed its full-year 2022 operating (non-GAAP) earnings guidance range of $2.30 to $2.50 per share.
FirstEnergy
FirstEnergy
Forward Guidance
FirstEnergy updated its full year 2022 GAAP earnings guidance range to $1,375 million to $1,490 million, or $2.41 to $2.61 per share, and 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, which reflects the comprehensive settlement in Ohio to refund over $300 million to customers. For the first quarter of 2022, FirstEnergy expects GAAP earnings in the range of $285 million to $345 million, or $0.50 to $0.60 per share, and operating (non-GAAP) earnings of $0.55 to $0.65 per share.