FirstEnergy said its GAAP earnings per share for Q1 2024 were $0.44 (net income of $253 million), and its operating (non-GAAP) earnings per share were $0.55. For Q1 2023, GAAP EPS was $0.51 and operating EPS was $0.60.

1. 01

   FirstEnergy said its GAAP earnings per share for Q1 2024 were $0.44 (net income of $253 million), and its operating (non-GAAP) earnings per share were $0.55. For Q1 2023, GAAP EPS was $0.51 and operating EPS was $0.60.

2. 02

   The company said total special items for Q1 2024 were $0.11 per share, including $0.08 in strategic transaction charges and $0.03 in investigation and other related costs. Total special items for Q1 2023 were $0.09.

3. 03

   The company said it closed the $3.5 billion FET LLC transaction, which increased total equity on its balance sheet by 25%. It said it has deployed $2.3 billion of the proceeds and expects to receive the remaining $1.2 billion later this year.

4. 04

   The company gave earnings guidance for Q2 2024 of $290 million to $345 million, or $0.50 to $0.60 per share. It also reaffirmed its full-year 2024 operating (non-GAAP) guidance of $2.61 to $2.81 per share, all based on 576 million shares outstanding.

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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

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