NYSE$FE
FirstEnergy Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
FirstEnergy reported Q4 2023 GAAP earnings of $0.30 per share and operating earnings of $0.62 per share, driven by solid execution on capital deployment and cost discipline.
FirstEnergy Corp. reported Q4 2023 GAAP earnings from continuing operations of $175 million, or $0.30 per basic and diluted share, on revenue of $3.2 billion. Operating (non-GAAP) earnings were $0.62 per share, above the midpoint of the company’s guidance range.
- GAAP earnings from continuing operations were $0.30 per share.
- Operating (non-GAAP) earnings were $0.62 per share, above the midpoint of the company’s guidance range.
- Mild December temperatures drove a 1.3% decrease in total distribution deliveries.
- Rate base in the Regulated Transmission business increased by more than 9%.
Headline financials
Revenue & EPS history
FirstEnergy · Revenue · Quarterly
$3.2B
Revenue by segment
FirstEnergy · $2.7B total across 1 segment · Q4 2021
- Distribution$2.7B—100.0%
Forward guidance
FirstEnergy provided a 2024 earnings guidance range of $1.5 billion to $1.62 billion, or $2.61 to $2.81 per share, representing robust growth in its regulated businesses with significantly improved earnings quality from lower planned earnings contributions from legacy investments.
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 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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