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Dec 31, 2023
FirstEnergy Q4 2023 Earnings Report
FirstEnergy reported Q4 2023 GAAP earnings of $0.30 per share and operating earnings of $0.62 per share, driven by solid execution on capital deployment and cost discipline.
Key Takeaways
FirstEnergy Corp. reported Q4 2023 GAAP earnings from continuing operations of $175 million, or $0.30 per basic and diluted share, on revenue of $3.2 billion. Operating (non-GAAP) earnings were $0.62 per share, above the midpoint of the company’s guidance range.
GAAP earnings from continuing operations were $0.30 per share.
Operating (non-GAAP) earnings were $0.62 per share, above the midpoint of the company’s guidance range.
Mild December temperatures drove a 1.3% decrease in total distribution deliveries.
Rate base in the Regulated Transmission business increased by more than 9%.
Forward Guidance
FirstEnergy provided a 2024 earnings guidance range of $1.5 billion to $1.62 billion, or $2.61 to $2.81 per share, representing robust growth in its regulated businesses with significantly improved earnings quality from lower planned earnings contributions from legacy investments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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