NYSE$FE
FirstEnergy Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported GAAP earnings and operating (non-GAAP) earnings, affirming 2023 operating guidance and long-term annual operating earnings per share growth rate.
FirstEnergy Corp. reported second quarter 2023 GAAP earnings of $235 million, or $0.41 per share, on revenue of $3.0 billion. Operating (non-GAAP) earnings were $0.47 per share. The company reaffirmed its full-year 2023 operating (non-GAAP) earnings guidance and affirmed its long-term, 6% to 8% targeted annual operating earnings per share growth rate.
- Second quarter 2023 GAAP earnings were $0.41 per share.
- Operating (non-GAAP) earnings were $0.47 per share in the second quarter of 2023.
- Full-year 2023 operating (non-GAAP) earnings guidance range is reaffirmed at $2.44 to $2.64 per share.
- Long-term, 6% to 8% targeted annual operating earnings per share growth rate is affirmed.
Headline financials
Revenue & EPS history
FirstEnergy · Revenue · Quarterly
$3.01B
Revenue by segment
FirstEnergy · $2.7B total across 1 segment · Q4 2021
- Distribution$2.7B—100.0%
Forward guidance
FirstEnergy reaffirmed its full-year 2023 operating (non-GAAP) earnings guidance range of $2.44 to $2.64 per share based on 574 million shares outstanding. In addition, the company is providing an operating (non-GAAP) earnings guidance range of $455 million to $515 million, or $0.80 to $0.90 per share for the third quarter of 2023, based on 573 million shares outstanding. The company also affirmed its long-term, 6% to 8% targeted annual operating earnings per share growth rate, which is based off the previous year’s operating earnings guidance midpoint.
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 2023
+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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