FirstEnergy said it reported GAAP earnings of $45 million ($0.08 per basic and diluted share) and operating (non-GAAP) earnings of $0.56 per share for Q2 2024. For Q2 2023, GAAP earnings were $235 million ($0.41), and operating earnings were $0.47.

1. 01

   FirstEnergy said it reported GAAP earnings of $45 million ($0.08 per basic and diluted share) and operating (non-GAAP) earnings of $0.56 per share for Q2 2024. For Q2 2023, GAAP earnings were $235 million ($0.41), and operating earnings were $0.47.

2. 02

   The company disclosed for Q2 2024 that the gap between GAAP EPS of $0.08 and operating EPS of $0.56 is explained by total special items of $0.48, including $0.28 for the asset retirement obligation regulatory change and $0.12 for debt-related costs.

3. 03

   The company said it received and deployed the final $1.2 billion in proceeds from the $3.5 billion FET LLC transaction. It also provided Q3 per share guidance of $0.85 to $0.95 and reaffirmed its 2024 full-year operating (non-GAAP) EPS guidance of $2.61 to $2.81.

4. 04

   The company said its GAAP results for Q2 2024 rose $0.09 per share, or 19%, and cited its EnergizeEnergize365 investment plan and higher distribution sales as drivers. It also said operating earnings for the Stand-Alone Transmission segment fell $0.04 per share.

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

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