NYSE$FE
FirstEnergy Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported GAAP earnings of $0.33 per share and operating (non-GAAP) earnings of $0.53 per share, in top end of guidance range.
FirstEnergy Corp. reported second quarter 2022 GAAP earnings of $187 million, or $0.33 per basic and diluted share, on revenue of $2.8 billion. Operating (non-GAAP) earnings were $0.53 per share for the second quarter of 2022.
- 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
Headline financials
Revenue & EPS history
FirstEnergy · Revenue · Quarterly
$2.82B
Revenue by segment
FirstEnergy · $2.7B total across 1 segment · Q4 2021
- Distribution$2.7B—100.0%
Forward guidance
For the third quarter of 2022, the company is providing a GAAP and operating (non-GAAP) forecast range of $400 million to $455 million, or $0.70 to $0.80 per share based on 571 million shares outstanding. FirstEnergy updated its full-year 2022 GAAP earnings forecast range to $1,240 million to $1,355 million, or $2.17 to $2.37 per share based on 571 million shares outstanding. The company also affirmed its full-year 2022 operating (non-GAAP) earnings guidance range of $1,315 million to $1,430 million, or $2.30 to $2.50 per share based on 571 million shares outstanding.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.0%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+0.1%
Avg return
30 days after
53%
39 / 73 earnings
Positive
+8.8%
Q2 2020
Best reaction
-10.5%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | -5.6% | -6.4% | |
| Q4 2025 | +1.6% | +5.1% | +7.3% | |
| Q3 2025 | -1.6% | -2.4% | -0.8% | |
| Q1 2025 | -0.7% | +1.2% | -1.1% | |
| Q4 2024 | -10.5% | -8.8% | -6.9% | |
| Q3 2024 | -3.5% | -4.5% | -2.4% | |
| Q2 2024 | +0.9% | +2.8% | +5.0% | |
| Q1 2024 | -0.4% | +0.1% | +1.7% | |
| Q4 2023 | +4.1% | +3.1% | +6.3% | |
| Q3 2023 | -1.8% | -0.4% | +5.3% | |
| Q2 2023 | -2.0% | -7.8% | -8.4% | |
| Q1 2023 | -2.2% | -4.7% | -9.8% | |
| Q4 2022 | +0.7% | +2.8% | -0.5% | |
| Q3 2022 | -1.4% | +3.3% | +7.1% | |
| Q2 2022 | +1.8% | +6.4% | +6.0% | |
| Q1 2022 | -5.1% | -7.2% | -12.6% | |
| Q4 2021 | -1.5% | -4.2% | +4.2% | |
| Q3 2021 | +2.5% | +4.5% | +0.9% | |
| Q2 2021 | +2.5% | +3.5% | +4.1% | |
| Q1 2021 | -0.2% | +0.2% | +3.3% | |
| Q4 2020 | +6.5% | +8.9% | +10.9% | |
| Q3 2020 | +1.3% | -2.2% | -8.1% | |
| Q2 2020 | +8.8% | +7.6% | +3.8% | |
| Q1 2020 | -4.3% | -3.6% | -8.1% | |
| Q4 2019 | +0.2% | +0.4% | -9.3% | |
| Q3 2019 | -2.2% | -3.7% | -0.4% | |
| Q2 2019 | +0.0% | +1.1% | +4.8% | |
| Q1 2019 | +0.7% | +2.2% | +6.3% | |
| Q4 2018 | +0.0% | +2.9% | +4.2% | |
| Q3 2018 | -5.2% | -3.8% | -3.1% | |
| Q2 2018 | +4.5% | +4.7% | +7.1% | |
| Q1 2018 | -0.4% | -0.4% | -1.7% | |
| Q4 2017 | -0.8% | +2.3% | +4.3% | |
| Q3 2017 | +1.4% | +3.5% | +6.6% | |
| Q2 2017 | +3.4% | +2.7% | +5.1% | |
| Q1 2017 | -1.9% | -4.9% | -5.2% | |
| Q4 2016 | -0.7% | +4.2% | +0.6% | |
| Q3 2016 | +3.4% | +0.6% | -8.2% | |
| Q2 2016 | -0.8% | -5.4% | -8.2% | |
| Q1 2016 | +4.6% | — | — | |
| Q4 2015 | -1.9% | — | — | |
| Q3 2015 | +1.2% | — | — | |
| Q2 2015 | +4.1% | — | — | |
| Q1 2015 | +2.1% | — | — | |
| Q4 2014 | -3.0% | — | — | |
| Q3 2014 | -0.9% | — | — | |
| Q2 2014 | +1.4% | — | — | |
| Q1 2014 | +1.4% | — | — | |
| Q4 2013 | -2.1% | — | — | |
| Q3 2013 | -0.0% | — | — | |
| Q2 2013 | +3.2% | — | — | |
| Q1 2013 | -1.2% | — | — | |
| Q4 2012 | -4.0% | — | — | |
| Q3 2012 | +0.4% | — | — | |
| Q2 2012 | -7.0% | — | — | |
| Q1 2012 | +0.7% | — | — | |
| Q4 2011 | +1.0% | — | — | |
| Q3 2011 | +1.8% | — | — | |
| Q2 2011 | -3.0% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | -2.4% | — | — | |
| Q3 2010 | -2.3% | — | — | |
| Q2 2010 | -1.5% | — | — | |
| Q1 2010 | -5.6% | — | — | |
| Q4 2007 | +2.4% | — | — | |
| Q4 2009 | +2.4% | — | — | |
| Q3 2008 | +2.0% | — | — | |
| Q3 2009 | +2.0% | — | — | |
| Q2 2009 | +0.7% | — | — | |
| Q2 2008 | +0.7% | — | — | |
| Q1 2009 | +2.4% | — | — | |
| Q1 2008 | +2.4% | — | — | |
| Q4 2008 | +2.4% | — | — |
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