FirstEnergy (FE) Reports In-Line Q2 EPS

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Go back to FirstEnergy (FE) Reports In-Line Q2 EPS

FirstEnergy Announces Second Quarter 2022 Financial Results

July 26, 2022 4:20 PM EDT

Reports second quarter 2022 GAAP earnings of $0.33 per share and operating (non-GAAP) earnings of $0.53 per share, in top end of guidance range

Closed on minority sale of FET LLC, raising $2.4 billion at historic premium valuation 

Solid execution to improve the balance sheet with over $2.5 billion of debt retired year-to-date

Anticipates achieving targeted FFO/Debt of ~13% in 2023, ahead of schedule

Updates and affirms full-year GAAP and operating guidance and provides outlook for third quarter... More