FirstEnergy Q4 2022 Earnings Report
Key Takeaways
FirstEnergy Corp. reported a GAAP loss of $(403) million, or $(0.71) per basic and diluted share, on revenue of $3.2 billion for the fourth quarter of 2022. Operating (non-GAAP) earnings were $0.50 per share for the fourth quarter of 2022.
FirstEnergy reported a GAAP loss of $(403) million, or $(0.71) per basic and diluted share, on revenue of $3.2 billion for Q4 2022.
Operating (non-GAAP) earnings were $0.50 per share for Q4 2022.
Total distribution deliveries increased 2.0% compared to the fourth quarter of 2021.
Residential and commercial sales increased 3.1% and 0.6% respectively compared to the fourth quarter of 2021, while sales to industrial customers increased 1.7%.
FirstEnergy
FirstEnergy
Forward Guidance
FirstEnergy provided a 2023 earnings guidance range of $1,400 million to $1,515 million, or $2.44 to $2.64 per share based on 574 million shares outstanding. In addition, the company is providing a guidance range of $320 million to $380 million, or $0.56 to $0.66 per share for the first quarter of 2023, based on 573 million shares outstanding.