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AI brief of an SEC Form 8-K · FirstEnergy (FE)

FirstEnergy Q2 operating EPS $0.56 tops guidance midpoint; GAAP EPS falls to $0.08

Mixed Impact 3 of 5 earnings Written later

FirstEnergy reported second quarter 2024 GAAP earnings of $45 million, or $0.08 per share, down from $235 million, or $0.41 per share, a year earlier, while operating (non-GAAP) EPS rose 19% to $0.56 on revenue of $3.3 billion. The company affirmed its 2024 operating EPS guidance of $2.61 to $2.81 and gave third quarter guidance of $0.85 to $0.95 per share. The GAAP decline reflects $0.48 per share of special items, including a $0.28 charge tied to an asset retirement obligation regulatory change.

Key points

  • GAAP earnings were $45 million, or $0.08 per share, versus $235 million, or $0.41 per share, in Q2 2023; revenue was $3.3 billion versus $3.0 billion.
  • Operating EPS was $0.56 versus $0.47 a year earlier, above the midpoint of company guidance.
  • Special items totaled $0.48 per share in Q2 2024, including a $0.28 asset retirement obligation regulatory change.
  • 2024 operating EPS guidance of $2.61 to $2.81 was affirmed; third quarter guidance is $490 million to $547 million, or $0.85 to $0.95 per share.

The filing

CompanyFirstEnergy (FE)
Form8-K, current report
Filed with the SECJul 30, 2024, 4:45 PM ET
Accession number0001031296-24-000041

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.