FirstEnergy said full-year 2023 GAAP earnings from continuing operations were $1.123 billion ($1.96 per basic and diluted share), on revenue of $12.9 billion. For 2022, GAAP earnings from continuing operations were $406 million ($0.71 per share), on revenue of $12.5 billion.

1. 01

   FirstEnergy said full-year 2023 GAAP earnings from continuing operations were $1.123 billion ($1.96 per basic and diluted share), on revenue of $12.9 billion. For 2022, GAAP earnings from continuing operations were $406 million ($0.71 per share), on revenue of $12.5 billion.

2. 02

   The company said full-year 2023 Operating (non-GAAP) earnings were $2.56 per share, compared with $2.41 in 2022. Total special items for the full year were $0.60 per share in 2023 and $1.70 per share in 2022.

3. 03

   The company provided full-year 2024 Operating earnings per share guidance of $2.61 to $2.81. It also introduced a $26 billion Energize365 capital investment plan for 2024 to 2028, and said it reaffirmed its long-term targeted annual Operating earnings per share growth rate of 6% to 8%.

4. 04

   The company said fourth-quarter GAAP earnings from continuing operations were $175 million ($0.30 per basic and diluted share) on revenue of $3.2 billion for Q4 2023, and Operating (non-GAAP) earnings per share were $0.62 for Q4. It said full-year 2023 capital investment totaled $3.7 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.