FirstEnergy (FE) Reports In-Line Q2 EPS
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FirstEnergy Announces Second Quarter 2022 Financial Results
July 26, 2022 4:20 PM EDTReports second quarter 2022 GAAP earnings of $0.33 per share and operating (non-GAAP) earnings of $0.53 per share, in top end of guidance range
Closed on minority sale of FET LLC, raising $2.4 billion at historic premium valuationÂ
Solid execution to improve the balance sheet with over $2.5 billion of debt retired year-to-date
Anticipates achieving targeted FFO/Debt of ~13% in 2023, ahead of schedule
Updates and affirms full-year GAAP and operating guidance and provides outlook for third quarter... More
