FirstEnergy(FE)

Search documents
FirstEnergy(FE) - 2023 Q4 - Earnings Call Transcript
2024-02-09 16:50
FirstEnergy Corp. (NYSE:FE) Q4 2023 Earnings Conference Call February 9, 2024 10:00 AM ET Company Participants Irene Prezelj - Vice President, Investor Relations & Communications Brian Tierney - President & Chief Executive Officer Jon Taylor - Senior Vice President & Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Gregg Orrill - UBS Nicholas Campanella - Barclays Michael Sullivan - Wolfe Research Jeremy Tonet - JPMorgan Michael Lonegan - Evercore ISI Angie Storozynsk ...
FirstEnergy (FE) Q4 Earnings Surpass Estimates, Revenues Lag
Zacks Investment Research· 2024-02-09 14:16
FirstEnergy (FE) reported fourth-quarter 2023 operating earnings of 62 cents per share, which surpassed the Zacks Consensus Estimate of 60 cents by 3.3%. The bottom line increased 24% from the year-ago quarter’s figure of 50 cents.FE reported earnings of $2.56 for 2023 compared with $2.41 per share in 2022, which reflects a year-over-year increase of 6.2%.Total RevenuesOperating revenues of $3.15 billion missed the Zacks Consensus Estimate of $3.29 billion by 4.2%. The top line also declined by 0.9% from $3 ...
FirstEnergy (FE) Q4 Earnings Beat Estimates
Zacks Investment Research· 2024-02-08 23:36
FirstEnergy (FE) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this utility company would post earnings of $0.85 per share when it actually produced earnings of $0.88, delivering a surprise of 3.53%.Over the last four quarters, the company ...
FirstEnergy Announces Fourth Quarter and Full Year 2023 Financial Results
Prnewswire· 2024-02-08 21:20
Reports full year 2023 GAAP earnings from continuing operations of $1.96 per share Delivers 2023 Operating (non-GAAP) earnings of $2.56 per share, above the midpoint of guidance Provides 2024 operating guidance of $2.61 to $2.81 per share for the full year, a 7% increase over the 2023 guidance mid-point, driven by robust regulated growth Introduces Energize365, a $26 billion capital investment plan from 2024 to 2028 to enhance the customer experience and support the energy transition Targeted 6-8% long-ter ...
Let Feelings Fly this Valentine's Day, Not Foil Balloons
Prnewswire· 2024-02-08 19:54
FirstEnergy reminds the public to handle balloons safely to keep electricity flowing AKRON, Ohio, Feb. 8, 2024 /PRNewswire/ -- As Valentine's Day approaches, FirstEnergy Corp. (NYSE: FE) is reminding customers to handle helium-filled foil balloons safely to keep the energy alive this season and year-round. While the company experienced a decrease in the number of balloon-related outages in recent years, foil balloons continue to cause power outages when released outdoors because their metallic coating condu ...
Settlement Reached in JCP&L Rate Review that Supports Continued Reliability Enhancements
Prnewswire· 2024-02-05 16:38
If approved, residential rates will remain the lowest among the state's regulated electric utilities HOLMDEL, N.J., Feb. 5, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power and Light (JCP&L) has reached a settlement in its base rate review currently pending with the New Jersey Board of Public Utilities (BPU). If approved by the BPU, the settlement will help JCP&L invest in enhancements that further strengthen electrical infrastructure to benefit its 1.1 million customers whi ...
FirstEnergy(FE) - 2023 Q3 - Earnings Call Presentation
2023-10-27 17:45
– Includes ($0.24) per share of lower earnings associated with weather-related distribution sales (-$0.18 vs normal) By focusing on what we can control, YTD results reflect strong financial discipline with operating expenses ~13% below 2022 levels and Transmission capital deployment ~50% above last year 8 Increased 2023 investment plan by ~9% to ~$3.7B (from $3.4B) Expect base O&M to be ~15% below 2022A and ~4% below plan Segment Ranges RD $1.62 - $1.66 RT $0.87 - $0.89 Corp $0.00 - $0.04 FE $2.49 - $2.59 + ...
FirstEnergy(FE) - 2023 Q3 - Earnings Call Transcript
2023-10-27 17:44
FirstEnergy Corp. (NYSE:FE) Q3 2023 Earnings Conference Call October 27, 2023 9:00 AM ET Company Participants Irene Prezelj - Vice President, Investor Relations and Communications Brian Tierney - President and Chief Executive Officer Jon Taylor - Senior Vice President and Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Jeremy Tonet - JPMorgan Nick Campanella - Barclays David Arcaro - Morgan Stanley Angie Storozynski - Seaport Global Jeremy Tonet - JPMorgan Anthony Cr ...
FirstEnergy(FE) - 2023 Q3 - Quarterly Report
2023-10-25 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ | Commission | Registrant; State of Incorporation; | I.R.S. Employer | | --- | --- | --- | | File Number | Addr ...
FirstEnergy(FE) - 2023 Q2 - Earnings Call Transcript
2023-08-02 18:21
FirstEnergy Corp. (NYSE:FE) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Irene Prezelj - Vice President, Investor Relations and Communications Brian Tierney - President & Chief Executive Officer Jon Taylor - Senior Vice President and Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Steve Fleishman - Wolfe Research Shar Pourreza - Guggenheim Partners Julien Dumolin-Smith - Bank of America Angie Storozynski - Seaport Global Sophie Karp - KeyBanc ...