NYSE$FE

FirstEnergy Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

FirstEnergy reported a GAAP loss and operating earnings per share for Q4 2022.

FirstEnergy Corp. reported a GAAP loss of $(403) million, or $(0.71) per basic and diluted share, on revenue of $3.2 billion for the fourth quarter of 2022. Operating (non-GAAP) earnings were $0.50 per share for the fourth quarter of 2022.

  • FirstEnergy reported a GAAP loss of $(403) million, or $(0.71) per basic and diluted share, on revenue of $3.2 billion for Q4 2022.
  • Operating (non-GAAP) earnings were $0.50 per share for Q4 2022.
  • Total distribution deliveries increased 2.0% compared to the fourth quarter of 2021.
  • Residential and commercial sales increased 3.1% and 0.6% respectively compared to the fourth quarter of 2021, while sales to industrial customers increased 1.7%.

Headline financials

Total Revenue

$3.18B

Previous: $2.66B+19.4%
EPS (adj)

$0.50

Previous: $0.51-2.0%
Net Income

-$403M

Previous: $427M-194.4%
Operating Income

$701M

Previous: $224M+212.9%
Gross Profit

$1.91B

Previous: $1.78B+7.1%
Cash & Equivalents

$160M

Previous: $1.46B-89.1%
Total Assets

$46.1B

Previous: $45.4B+1.5%

Revenue & EPS history

FirstEnergy · Revenue · Quarterly

$3.18B

Q4 2022+19.4%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

FirstEnergy · $2.7B total across 1 segment · Q4 2021

  • Distribution
    $2.7B

Forward guidance

FirstEnergy provided a 2023 earnings guidance range of $1,400 million to $1,515 million, or $2.44 to $2.64 per share based on 574 million shares outstanding. In addition, the company is providing a guidance range of $320 million to $380 million, or $0.56 to $0.66 per share for the first quarter of 2023, based on 573 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 Q4 2022

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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